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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.
- PPP Loan Forgiveness Application Form 3508EZ Revised July 30 ...
If your loan amount is $150,000 or less, please use SBA Form...
- Paycheck Protection Program: Loan Forgiveness Application ...
Loan Forgiveness Application Form 3508 Revised January 19,...
- PPP Loan Forgiveness Application - Small Business Administration
SBA Form 3508 (06/20) Page 3 Paycheck Protection Program OMB...
- PPP Loan Forgiveness Application Form 3508EZ Revised July 30 ...
Line 7: Enter the number from PPP Schedule A, line 13. Line 8: Enter the amount on line 6 multiplied by the amount on line 7. This calculation incorporates the loan forgiveness reduction required for any full-time equivalency (FTE) employee reductions as described in PPP Schedule A. Line 9: Enter the PPP Loan Amount. Line 10:
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May 27, 2020 · Line 6: Enter your PPP loan amount. Line 7: Divide Line 1 (your total payroll costs) by 0.60. This adjusts the forgiveness amount to ensure that at least 60% was used for payroll costs. For example: Line 1: $20,000. $20,000 / 0.60 = $33,333.33. Forgiveness Amount. Line 8: Enter the smallest of Lines 5, 6, and 7. This is the amount of your loan ...
February 18, 2021. On May 18, the SBA released the official form you’ll need to fill out in order to apply for forgiveness on your PPP loan, also known as SBA Form 3508. But it's not the simplest form to fill out.
