WebExpiration date: PPP Loan Forgiveness Application Form 3508S 10/31/2024 SBA Form 3508S (10/20) 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. WebForm 3508S. Consider using this form if your loan is $150,000 or less. This simple form requires you to provide less information and the processing time may also be shorter than other forms. Form 3508EZ. Consider …
Paycheck Protection Program (PPP) Loan Forgiveness …
WebOct 16, 2024 · A borrower who uses Form 3508S is exempt from any reductions to forgiveness based on reductions in full-time employees or reductions in employee salaries/wages. The SBA and Treasury have stated that this is a de minimis exemption for small borrowers. Streamlined Form. Form 3508S is much simpler than the normal Form … WebJun 1, 2024 · This form, also known as SBA Form 3508, is what small business borrowers will submit to their PPP lender when it’s time to have their loan partially or entirely forgiven. Although small businesses have been applying for PPP loans since the program was created passage of the CARES Act, information on forgiveness has been lacking. scenario\u0027s tw
NEW PPP Loan Forgiveness for Self Employed - Form …
WebFORM 3508EZ FORM 3508EZ FORM 3508EZ EXAMPLE 1 ABC Cookies EXAMPLE 2 A&A IT Consulting EXAMPLE 3 Finn’s Sporting Goods Business type Self-employed, ... Chase for Business Loan Forgiveness pre-work examples 5. June 22, 2024 and used the funds . across 19 weeks. It is ready . to request Forgiveness . WebJan 20, 2024 · That form, called the PPP Loan Forgiveness Application Form 3508S, can be used by borrowers that received a PPP loan of $150,000 or less. The form seeks information about the borrower’s loan amount, disbursement date, employee totals, covered period dates, amount of the loan spent on payroll, and the amount of the loan for which … WebChase PPP Forgiveness form 3508S PPP Has anybody been able to request forgiveness using the shorter version? The link they sent through email only gives me the option for 3508 or 3508ez, not the 3508s. They said they would implement it early in the year. run shortcuts from ifttt