WebA straightforward guide to filling get the PPP forgiveness application form. Pricing. Services. Services. Resources. Resources. Community. Community. Log Includes. 1 (888) 760 1940 ... one SBA share the official form you’ll must to fill out in order on apply fork forgiveness on your PPP loan, also famous as SBA Form 3508. But it's not the ... WebThe new SBA forgiveness application form 3508S is available for most PPP borrowers with loans under $50,000. ... Download and read the SBA Instructions for form 3508S (green button below). Determine that you are beyond the "Covered Period" (8 or 24 weeks if loan disbursed before June 5 and 24 weeks if disbursed on or after June 5. ...
PPP Loan Application Form 3508S: Forgiveness Simplified
WebJan 19, 2024 · SBA Form 3508S requires fewer calculations and less documentation for eligible borrowers. Key insights The SBA released Form 3508S on January 19, 2024. The one-page form greatly simplifies the loan … WebAug 13, 2024 · On October 9, 2024, a more simplified form has been released by the SBA to a narrow group of borrowers. That is borrowers with a PPP loan amount of 50,000 or less. ... Form 3508S (PPP Loans Under 50K) Form 3508S Instructions (PPP Loans Under 50K) FAQ's From The SBA . Webinar Recording: runshop store
Revised Form 3508S For Borrowers With PPP Loans Of $150,000 …
WebOct 16, 2024 · The Small Business Administration (SBA) and U.S. Treasury Department recently released a new, streamlined form for applying for forgiveness under the Paycheck Protection Program (PPP) for borrowers with loans of $50,000 or less. While not quite the automatic forgiveness that most borrowers have been hoping for, Form 3508S has … WebJul 28, 2024 · Updated July 28, 2024 to include the new SBA PPP Direct Forgiveness Portal. If you took out a Paycheck Protection Program loan for $150,000 or less, the SBA instructs you to use the PPP Forgiveness Application Form 3508S when applying for forgiveness. Originally this form was for loans of $50,000 or less but the Economic Aid Act, or … WebJan 19, 2024 · Borrower resubmission of a loan forgiveness application using SBA Form 3508S. A borrower that is eligible to use SBA Form 3508S, but applied for loan forgiveness using PPP Loan Forgiveness Application Form 3508EZ or 3508, may resubmit its loan forgiveness application to its lender using SBA Form 3508S at any time until the SBA … scenarios worksheet