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May be eligible for PPP loan forgiveness
- Existing borrowers may be eligible for PPP loan forgiveness. A borrower may use this form only if the borrower received a PPP loan of $150,000 or less.
www.sba.gov › document › sba-form-3508s-ppp-3508s-loan-forgiveness-application-instructions
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Are existing borrowers eligible for PPP loan forgiveness?
How do I apply for a PPP loan forgiveness?
Can I apply for a first and second draw PPP loan forgiveness?
How long can a PPP loan be forgiven?
Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Content. Where to apply for loan forgiveness. Effective March 13, 2024, all borrowers, regardless of loan size, can use SBA's direct forgiveness portal . Applying for forgiveness using the portal can take as little as 15 minutes.
- SBA Direct Forgiveness Portal
This portal is made available by the US Small Business...
- SBA Form 3508S
Notice: The Paycheck Protection Program (PPP) ended on May...
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- First Draw PPP Loan
PPP is a loan designed to provide a direct incentive for...
- Get Help With Your PPP Loan
SBA has 68 District Offices around the country that provide...
- PPP Lender Information
On February 22, 2021, President Biden announced the...
- PPP Loan Forgiveness Application + Instructions
Applications must be submitted in English. Notice: The...
- PPP Lenders Participating in Direct Forgiveness
Buy an existing business or franchise; Launch your business....
- SBA Direct Forgiveness Portal
apply for forgiveness of both a First and Second Draw PPP loan. SBA Form 3508S requires fewer calculations and less documentation for eligible borrowers. SBA Form 3508S does not require borrowers to show the calculations used to determine their loan forgiveness amount. However, SBA may request information and
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For Borrowers. Paycheck Protection Program (PPP) borrowers may be eligible for loan forgiveness if the funds were used for eligible payroll costs, payments on business mortgage interest payments, rent, or utilities during either the 8- or 24-week period after disbursement.
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To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you (the Borrower) may use the Form 3508EZ application or complete this application as directed in these instructions, and submit it to your Lender (or the Lender that is servicing your loan). Borrowers may also complete their application electronically through their Lender.
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Sep 1, 2021 · Existing borrowers may be eligible for PPP loan forgiveness. Small businesses received PPP loans from private or non-profit lenders. If you have a question about your application or forgiveness, talk with your lender. Your PPP loan will come due soon, if it hasn't already.
You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using this SBA Form 3508EZ if you can check at least one of the three boxes below. Do not submit this Checklist with your SBA Form 3508EZ.