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REFERENCE GUIDESUBMITTING A FINANCING REQUEST***IMPORTANT*** All forms submitted other than through the website shall not be assessed. This guide provides useful information for the purposes of properly
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How to fill out paycheck protection program forgiveness

01
Gather all the necessary documents such as payroll records, rent or mortgage statements, utility bills, and other eligible expenses.
02
Review the PPP loan forgiveness application form provided by your lender and make sure you understand the requirements and calculations.
03
Complete the application form accurately and provide all the required information.
04
Calculate and document your eligible payroll and non-payroll expenses for the covered period.
05
Submit the completed application form along with the supporting documents to your lender.
06
Work closely with your lender to address any additional documentation or clarification they may require during the review process.
07
Keep all the records related to your PPP loan forgiveness application for at least six years in case of future audits or investigations.

Who needs paycheck protection program forgiveness?

01
Small businesses and eligible organizations that received a Paycheck Protection Program (PPP) loan and want to have their loan forgiven in order to avoid repayment.
02
Self-employed individuals, independent contractors, and sole proprietors who have used the PPP loan for eligible expenses and wish to have the loan forgiven.
03
Any business or organization that has met the requirements for loan forgiveness and wants to benefit from the financial relief provided by the PPP program.
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Paycheck Protection Program (PPP) forgiveness refers to the process by which borrowers can have their PPP loans forgiven in whole or in part, provided they meet certain criteria established by the Small Business Administration (SBA).
Borrowers who received a PPP loan and wish to have it forgiven are required to file for PPP forgiveness, following the guidelines set by the SBA.
To fill out the PPP forgiveness application, borrowers must complete the appropriate forgiveness application form provided by the SBA, providing information about the loan, necessary expenditures, and documentation supporting the use of the funds.
The purpose of PPP forgiveness is to support small businesses by allowing them to retain employees and cover eligible expenses during the economic impact of the COVID-19 pandemic, ultimately relieving the burden of debt.
Borrowers must report details such as the number of employees retained, eligible payroll and non-payroll costs, the amount of the loan, and any other details required by the SBA on the forgiveness application.
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