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REDACTED0MB Control No : 32450407 Expiration Date: 9/30/2021Paycheck Protection Program Loan Forgiveness Application Form 3508 Revised January 19, 2021, PPP Loan Forgiveness Calculation Form DBA 01

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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

Gather all the necessary documentation, such as payroll records, relevant tax forms, and proof of eligible expenses.

03

Complete the PPP Loan Forgiveness Application Form provided by your lender. Make sure to fill in all the required fields accurately.

04

Calculate the eligible payroll costs during the covered period and determine the eligible non-payroll costs.

05

Submit the application and supporting documents to your lender within the specified timeframe.

06

Await a response from your lender regarding the loan forgiveness amount.

Who needs ppp loan forgiveness application?

01

Any individual or business that has received a PPP loan and wishes to have it forgiven needs to fill out the PPP loan forgiveness application.

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What is ppp loan forgiveness application?

The PPP loan forgiveness application is a form that borrowers must fill out to apply for the forgiveness of their Paycheck Protection Program loan.

Who is required to file ppp loan forgiveness application?

All borrowers who have received a PPP loan are required to file a PPP loan forgiveness application.

How to fill out ppp loan forgiveness application?

Borrowers can fill out the PPP loan forgiveness application by providing documentation of how they spent the loan funds on eligible expenses.

What is the purpose of ppp loan forgiveness application?

The purpose of the PPP loan forgiveness application is to request forgiveness for the portion of the loan that was used for eligible expenses.

What information must be reported on ppp loan forgiveness application?

Borrowers must report information such as payroll costs, rent or mortgage interest, utilities, and other eligible expenses.

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