Get the free NEW 3508S Form - one page forgiveness application - YouTube
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PPP Loan Forgiveness Portal Instruction for Form 3508S You are eligible to use the Form 3508S if your loan is $150,000 or less. This instruction packet will walk you through how to fill out the portal,
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How to fill out new 3508s form
How to fill out new 3508s form
01
Gather all necessary financial documents such as payroll records, receipts, and other supporting documentation.
02
Fill out the top section of the form with basic information such as your name, address, and contact information.
03
Complete the sections related to your payroll expenses, including information on the covered period and average monthly payroll costs.
04
Provide information on any non-payroll expenses you incurred during the covered period.
05
Sign and date the form, certifying that the information provided is accurate to the best of your knowledge.
Who needs new 3508s form?
01
Businesses who have received a Paycheck Protection Program (PPP) loan and are seeking forgiveness for that loan will need to fill out the new 3508s form.
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What is new 3508s form?
The new 3508s form is an updated version of the form used for requesting forgiveness of Paycheck Protection Program (PPP) loans.
Who is required to file new 3508s form?
Borrowers who received a PPP loan and are seeking forgiveness of that loan amount are required to file the new 3508s form.
How to fill out new 3508s form?
The new 3508s form can be filled out by providing information on the borrower, loan details, and documentation related to how the loan amount was used towards eligible expenses.
What is the purpose of new 3508s form?
The purpose of the new 3508s form is to request forgiveness of the PPP loan amount and to provide details on how the loan funds were used.
What information must be reported on new 3508s form?
The new 3508s form requires information on the borrower, loan amount, eligible expenses, employment details, and supporting documentation.
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