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Mar 13, 2024 · How to apply for forgiveness. Each forgiveness form has unique instructions for documentation that must be submitted with your loan forgiveness application. For detailed instructions, refer to your chosen forgiveness form for clear guidance. For loans of $150,000 and below: SBA form 3508S PPP Loan Forgiveness Application + Instructions.
- SBA Direct Forgiveness Portal
This portal is made available by the US Small Business...
- SBA Form 3508S
A borrower may use this form only if the borrower received a...
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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 Lenders Participating in Direct Forgiveness
Make a payment to SBA; 7(a) loans; 504 loans; Microloans;...
- SBA Direct Forgiveness Portal
See subsection B.16 of SBA’s interim final rule posted on January 6, 2021 (86 FR 3692). This application has the following components: (1) the PPP Loan Forgiveness Calculation Form; (2) PPP Schedule A; (3) the PPP Schedule A Worksheet; and (4) the (optional) PPP Borrower Demographic Information Form.
Paycheck Protection Program: PPP Loan Forgiveness Application Form 3508EZ Revised January 19, 2021. OMB Control No.: 3245-0407 Expiration Date: 9/30/2021.
AN APPLICANT MAY USE THIS FORM ONLY IF THE APPLICANT FILES AN IRS FORM 1040, SCHEDULE C, AND USES GROSS INCOME TO CALCULATE PPP LOAN AMOUNT. A. Your gross income amount from 2019 or 2020 IRS Form 1040, Schedule C, line 7:
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PPP – Loan Forgiveness Application and Instructions for Borrowers who Received a PPP Loan of $150,000 or Less – Form 3508S (5/24/2021) PPP – Loan Forgiveness Application and Instructions – Form 3508EZ (5/24/2021)
Final Rule on Affiliation. A borrower must certify on the Borrower Application Form that the borrower is eligible to receive a PPP loan, and that certification means that the borrower is a small business concern as defined in section 3 of the Small Business Act (15 U.S.C. 632), meets the applicable SBA employee-based or revenue-based size
Borrower Application Form (SBA Form 2483 or SBA Form 2483-C for First Draw PPP Loans and SBA Form 2483-SD or SBA Form 2483-SD-C for Second Draw PPP Loans). Lenders are expected to perform a good faith review, in a reasonable time, of the borrower’s calculations and supporting documents concerning average monthly payroll cost.