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Get the free PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021

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OMB Control No.: 32450407 Expiration Date: 01/31/2022Paycheck Protection Program PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021, Business Legal Name (Borrower) Business Address
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How to fill out ppp loan forgiveness application

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How to fill out ppp loan forgiveness application

01
To fill out the PPP loan forgiveness application, follow these steps:
02
Download the PPP Loan Forgiveness Application form from the official website of the Small Business Administration (SBA).
03
Read the instructions carefully to understand the requirements and gather all the necessary documents.
04
Start with the Application form itself and provide your business information, such as name, address, and EIN.
05
Next, you need to fill out the PPP Loan Information section, which includes loan amount, loan number, and disbursement date.
06
Proceed to the Covered Period section and indicate the start and end dates of the period during which you used the loan funds.
07
The next few sections - Payroll, Nonpayroll, and Summary - require you to enter detailed information about eligible costs incurred during the covered period.
08
Make sure you accurately calculate and report your payroll costs, including employee salaries, benefits, and any owner compensation.
09
Similarly, document and report any eligible nonpayroll expenses, such as rent, utilities, and mortgage interest.
10
Review the application form thoroughly, ensuring all sections are completed accurately and all necessary documentation is attached.
11
Sign and date the application form, certifying the accuracy of the information provided.
12
Keep a copy of the completed application and all supporting documents for your records.
13
Submit the completed PPP loan forgiveness application to your lender, following their specific submission instructions.
14
Await response and further communication from the lender regarding the status of your loan forgiveness application.

Who needs ppp loan forgiveness application?

01
Anyone who received a Paycheck Protection Program (PPP) loan and wishes to have eligible expenses forgiven may need to fill out the PPP loan forgiveness application.
02
This includes small business owners, self-employed individuals, independent contractors, and non-profit organizations that meet the eligibility criteria for PPP loans.
03
Applicants must have used the loan funds for eligible expenses, primarily payroll costs and other qualifying nonpayroll expenses, during the covered period as defined by the SBA.
04
It is important to consult with your lender regarding the specific requirements and deadlines for submitting the PPP loan forgiveness application.
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The PPP loan forgiveness application is a form that borrowers must complete in order to request forgiveness for their Paycheck Protection Program (PPP) loan.
All PPP loan borrowers are required to file a PPP loan forgiveness application in order to potentially have their loan forgiven.
The PPP loan forgiveness application can typically be filled out online or by submitting a paper application to the lender who provided the PPP loan.
The purpose of the PPP loan forgiveness application is to request forgiveness for the PPP loan based on the borrower's compliance with PPP requirements.
The PPP loan forgiveness application typically requires borrowers to report information such as payroll costs, non-payroll costs, and number of employees.
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