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June 16 Update. On June 16, the SBA released updated PPP forgiveness applications and related instructions which are linked below. Many PPP borrowers will be eligible to use the shorter 3508EZ form.

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Be sure to take advantage of the SBA's instructions on how to complete Form 3508EZ. Paycheck Protection Program Flexibility Act SBA also updated the regular Form 3508 to reflect recent changes made by Congress in the PPP Flexibility Act and issued a new interim final rule that implements changes made by the PPPFA.

More information on SBA PPP loan forgiveness can be found on the SBA site. Instructions for PPP Loan Forgiveness Application Form 3508S, Form 3508EZ, and Form 3508 including details on required documents, can be found on the following pages: PPP Loan Forgiveness Application Form 3508S (for loans of $50,000 or less)
SBA Form 3508EZ (06/20) Page 1 . PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS. Checklist for Using SBA Form 3508EZ . You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using thisSBA Form 3508EZ if you can check at least one of the three boxes below. DA: 1 PA: 91 MOZ Rank: 94
Get started with your forgiveness form by completing Form 3508, CBC Form 3508EZ, or Form 3508S. Please read over the Instructions and the FAQs before filling out the appropriate form. Print Save as PDF
SBA Form 3508S also does not require borrowers to show the calculations used to determine their loan forgiveness amount. However, SBA may request information and documents to review those calculations as part of its loan review process. Complete this SBA Form 3508S in accordance with the instructions below, and submit it to your Lender
Complete the appropriate application for loan forgiveness (SBA Form 3508, 3508EZ OR 3508S) - See application form for step-by-step instructions when completing the form. Submit the completed application and all required documentation to the dedicated PPP Loan Forgiveness Team using our secure delivery link at https://northwaybank ...
If you are unable to check one of the boxes above, you cannot use SBA Form 3508EZ and instead you must apply for forgiveness of your PPP loan using SBA Form 3508. Instructions for PPP Loan Forgiveness Calculation Form 3508EZ . Business Legal Name (“Borrower”)/DBA or Tradename (if applicable )/Business TIN (EIN, SSN): Enter the same
U.S. Small Business Administration: Small Business Guidance & Loan Resources. Forms Form 3508 Forgiveness. PPP-Loan-Forgiveness-Application-Instructions. 3245-0407-SBA-Form-3508-PPP-Forgiveness-Application. Form 3508S Forgiveness. PPP-Loan-Forgiveness-Application-Form-3508S-Instructions. PPP-Loan-Forgiveness-Application-Form-3508S. Form 3508EZ ...
PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS Checklist for Using SBA Form 3508EZ You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using thisSBA Form 3508EZ if you can check at least one of the three boxes below. Do not submit this Checklist with your SBA Form 3508EZ.
Jun 17, 2020 · The SBA Form 3508EZ (as well as the revised Form 3508) confirm that the new 2.5-month limit will also apply to partners and owner-employees. The first certification on page 2 of Form 3508EZ provides: The dollar amount for which forgiveness is requested: …
3508EZ Loan Forgiveness Supporting Documentation . Please provide all below supporting documentation to be submitted with completed 3508EZ application . This is per the information and guidance we have received from the SBA and is subject to updates and clarification as more details are distributed. 1. PPP Loan Forgiveness Calculation ...
Frequently Asked Questions - Form 3508EZ . These FAQs are being provided only for your convenience in the hope that they may assist you in the submission of your Form 3508EZ. The FAQs were created based on guidance from the SBA in effect at the time of their creation. Allegiance Bank undertakes
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  • 3508EZ Document Checklist. 1 | Page. INSTRUCTIONS: This form outlines the required Payroll and Nonpayroll documentation to be submitted with your PPP Forgiveness application. If you’re claiming the following eligible Payroll and Nonpayroll expenses on your PPP Forgiveness application, please upload the required documents after submitting your application through the Customer Portal.
  • Forgiveness Forms and Instructions. SBA Form 3508 Paycheck Protection Program Loan Forgiveness Application (Spanish version) Instructions for the SBA Form 3508 Paycheck Protection Program Loan Forgiveness Application; SBA Form 3508EZ Paycheck Protection Program Loan Forgiveness Application
  • The updated application and supporting documents can be found below. For additional information, please head to the SBA website. Thank you. SBA Website. PPP Loan Forgiveness Application Form 3508EZ. PPP Loan Forgiveness Application Form 3508EZ Instructions for Borrowers. PPP Loan Forgiveness Application
  • Jun 18, 2020 · The SBA has released the new PPP Loan Forgiveness Application Form 3508EZ, which is designed to streamline PPP forgiveness for certain businesses. While applying for forgiveness may still seem overwhelming – even with this simper form – the EZ form requires fewer calculations and less documentation.
  • Oct 12, 2020 · Over this past weekend, the U.S. Small Business Administration (SBA) posted a new loan forgiveness form to the public for those who received a Paycheck Protection Program (PPP) loan of $50,000 or less. The new form, form 3508S, is much simpler than both the long form (form 3508) and the EZ form (form 3508EZ).

SBA Form 3508S NAFCU has advocated for a simpler forgiveness application from inception of the PPP. We appreciate the SBA’s continued commitment to streamlining the PPP forgiveness process, with the initial 3508EZ form and the newly created 3508S form for loans under $50,000. An analysis

Other Materials SBA Form 3508EZ - PPP Loan Forgiveness Application (NEW) June 16, 2020. Download: SBA Form 3508EZ - PPP Loan Forgiveness Application (NEW) (PDF, 105.56 KB)
Jun 18, 2020 · The instructions for both restoration provisions now say the measurement date is the earlier of the date the Form 3508 is filed or December 31, 2020. This subtle change will provide a significant amount of flexibility to borrowers that intend to use one or both of the restoration exceptions. to any of the criteria, then you are not eligible for the 3508EZ application. Don’t worry, you can still apply through the standard 3508 Form • Click on Application Type in the left side navigation bar to return to the page where you selected the 3508EZ Form and select No for all the answers. The rest of your application should be saved,

According to the IFR, when a borrower submits Form 3508S or the lender’s equivalent form, the lender will be required to: Confirm receipt of the borrower certifications contained in the form; and Confirm receipt of the documentation the borrower is required to submit to aid in verifying payroll and nonpayroll costs, as specified in the instructions to the form.

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(6 days ago) PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS Checklist for Using SBA Form 3508EZ You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using thisSBA Form 3508EZ if you can check at least one of the three boxes below. Do not submit this Checklist with your SBA Form 3508EZ.