Get the free omb.reporticr202107/3245/002SBA Form 3508S Wor PPP Forgiveness Application

OMB Control No.: 32450407 Expiration Date: XX/XX/XXXXPaycheck Protection Program PPP Loan Forgiveness Application Form 3508S Revised July XX, 2021 A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER

How to fill out ombreporticr2021073245002sba form 3508s wor

How to fill out ombreporticr2021073245002sba form 3508s wor

1. To fill out the OMB Report ICR2021073245002SBA Form 3508S WOR, follow these steps:
2. Begin by providing your personal information in section 1, including your full name, address, and social security number.
3. Move on to section 2 and enter the details of your business, such as the legal name, address, and EIN or TIN.
4. Proceed to section 3 and provide information about your PPP loan, including the lender name, loan draw number, and disbursement date.
5. In section 4, you need to indicate the covered period for your PPP loan. This is the period during which your business expenses will be eligible for forgiveness.
6. Next, in section 5, you will need to calculate payroll and non-payroll costs during the covered period. This includes gathering documentation for eligible expenses like payroll records, rent or mortgage payments, utilities, and other qualified expenses.
7. Once you have calculated the eligible expenses, enter the totals in the corresponding fields in section 5.
8. In section 6, provide information about any EIDL advance you received and adjust your loan forgiveness amount accordingly.
9. Complete section 7 by certifying the accuracy of the information provided and acknowledging the potential consequences of false statements.
10. Finally, sign and date the form in section 8 to complete the process.
11. Make sure to review the form thoroughly and double-check all the entered information before submitting it.

Who needs ombreporticr2021073245002sba form 3508s wor?

1. OMB Report ICR2021073245002SBA Form 3508S WOR is needed by small business owners who have received a PPP loan and are applying for loan forgiveness.
2. This form is specifically designed for borrowers who received a PPP loan of $150,000 or less, making it simpler and less time-consuming to complete compared to other forgiveness applications.

For pdfFiller’s FAQs

Can I sign the ombreporticr2021073245002sba form 3508s wor electronically in Chrome?

As a PDF editor and form builder, pdfFiller has a lot of features. It also has a powerful e-signature tool that you can add to your Chrome browser. With our extension, you can type, draw, or take a picture of your signature with your webcam to make your legally-binding eSignature. Choose how you want to sign your ombreporticr2021073245002sba form 3508s wor and you'll be done in minutes.

How do I complete ombreporticr2021073245002sba form 3508s wor on an iOS device?

Install the pdfFiller app on your iOS device to fill out papers. If you have a subscription to the service, create an account or log in to an existing one. After completing the registration process, upload your ombreporticr2021073245002sba form 3508s wor. You may now use pdfFiller's advanced features, such as adding fillable fields and eSigning documents, and accessing them from any device, wherever you are.

Can I edit ombreporticr2021073245002sba form 3508s wor on an Android device?

You can make any changes to PDF files, such as ombreporticr2021073245002sba form 3508s wor, with the help of the pdfFiller mobile app for Android. Edit, sign, and send documents right from your mobile device. Install the app and streamline your document management wherever you are.

What is ombreporticr2021073245002sba form 3508s wor?

The ombreporticr2021073245002sba form 3508s is a simplified version of the SBA loan forgiveness application specifically designed for borrowers with loans of $150,000 or less.

Who is required to file ombreporticr2021073245002sba form 3508s wor?

Borrowers who received a Paycheck Protection Program (PPP) loan of $150,000 or less are required to file the form 3508s to apply for loan forgiveness.

How to fill out ombreporticr2021073245002sba form 3508s wor?

To fill out the form 3508s, borrowers must provide their loan amount, number of employees retained, and confirm the use of funds for payroll and eligible non-payroll expenses, with minimal supporting documentation.

What is the purpose of ombreporticr2021073245002sba form 3508s wor?

The purpose of the form 3508s is to verify the use of PPP loan funds and to facilitate the loan forgiveness process for eligible borrowers.

What information must be reported on ombreporticr2021073245002sba form 3508s wor?

Information that must be reported includes the total PPP loan amount, the calculation of payroll costs, and the confirmation of adherence to the requirements for loan forgiveness.