what is form 3508

what is form 3508 LOAN FORGIVENESS APPLICATION INSTRUCTIONS FOR BORROWERS To apply for forgiveness of your Paycheck Protection Program PPP loan you the Borrower may

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 What s Form 3508D is a special form that some First Draw PPP borrowers may be required to submit in addition to their primary forgiveness application if certain government officials

what is form 3508

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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 SBA Form 3508 06 20 Page 2 Co 3245 i Paycheck Protection Prog ram Loan Forgiveness Application Revised June 16 2020 OMB ntrol Number 0407 Expiration

What is Form 3508S There are three forms that borrowers can use when applying for forgiveness Both Form 3508 and Form 3508EZ require multiple calculations and various Form 3508S has the simplest reporting requirements of the three PPP forgiveness forms and is the easiest to fill out It was created to streamline the

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You will be required to submit documentation supporting your application for loan forgiveness unless you qualify to use Form 3508S The documents required PPP LOAN FORGIVENESS APPLICATION FORM 3508S INSTRUCTIONS FOR BORROWERS You the Borrower can apply for forgiveness of your Paycheck

PPP Loan Forgiveness Application Form 3508EZ Revised January 19 2021 First Draw PPP Loan Second Draw PPP Loan check one SBA PPP Loan Add 25 ml of water mix and centrifuge at 2000 rev min for 15 minutes or until a clear solution is obtained Pour off the clear 25 percent alcoholic solu tion into a beaker and

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what is form 3508 - What is Form 3508S There are three forms that borrowers can use when applying for forgiveness Both Form 3508 and Form 3508EZ require multiple calculations and various