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Paycheck Protection Program PPP Loan Forgiveness Application Form 3508S OMB Control No. 3245-0407 Expiration date: 12/31/2023 A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $50,000 OR LESS. A Borrower that, together with its affiliates, received PPP loans totaling $2 million or greater cannot use this form.
This portal is made available by the US Small Business Administration to streamline forgiveness processing for PPP Borrowers. After registration, you may use this streamlined process to automatically submit your forgiveness request to your lender. The SBA also offers live customer service to borrowers at 877-552-2692.
The Paycheck Protection Program ( PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations ...
Jul 29, 2021 · FAQ for borrowers and lenders participating in the Paycheck Protection Program. Updated 06-13-23. Notice: translations of this document are current as of version 10, dated 07-29-21. Download .pdf. File size: 448KB.
The PPP also provides fiscal management services to assist you with the financial aspects of the program. PCG Public Partnerships, LLC (PPL) is the fiscal intermediary (FI) for the PPP, and is responsible for handling payroll responsibilities, acting as a bookkeeping service, processing time sheets and issuing paychecks to your workers.
Business owners with a PPP loan in excess of $150,000 will apply for forgiveness with their PPP lender. Many have their own application process, which should follow SBA Form 3508, so check with ...
Paycheck Protection Program Flexibility Act of 2020, enacted on June 5, 2020*** What do I need to apply? You will need to complete the Paycheck Protection Program loan application and submit the application with the required documentation to an approved lender that is available to process your application by June 30, 2020. Click
