Ppp loan ez forgiveness application instructions. Do not submit this Checklist with your SBA Form 3508EZ.

Ppp loan ez forgiveness application instructions Oct 3, 2024 · How to apply for forgiveness Each forgiveness form has unique instructions for documentation that must be submitted with your loan forgiveness application. A borrower may use this form only if the borrower received a PPP loan of $150,000 or less. Submit your PPP Application and Documents here. understand that if the funds were knowingly used for unauthorized purposes, the federal government may May 24, 2021 · for any owner-employee (with an ownership stake of 5% or more) or self-employed individual/general partner, does not exceed 2. PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS Checklist for Using SBA Form 3508EZ You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using this SBA Form 3508EZ if you can check at least one of the three boxes below. Jan 10, 2023 · SBA Form 3508EZ – PPP EZ Loan Forgiveness Application + Instructions - ORIGINFORMSTUDIO. Jun 18, 2020 · Learn about the recently issued new PPP loan forgiveness applications including the new EZ version for qualifying businesses - Atlanta Tax CPAs. Dec 3, 2020 · If your loan is greater than $50,000 and EITHER (a) OR (b) below is true, you should use Form 3508EZ and follow our PPP Forgiveness Step-by-Step for Form 3508EZ: The Borrower did not reduce annual salary or hourly wages of any employee by more than 25% during the Covered Period (or Alternative Payroll Covered Period, if applicable) as compared to the period between January 1, 2020 and March 31 Up to 100% of your Paycheck Protection Program loan is eligible for forgiveness if you meet requirements set by the Small Business Administration. 5 months’ worth of compensation received during the year used to calculate the PPP loan amount, capped at $20,833 per individual in total across all businesses. LOAN FORGIVENESS APPLICATION FORM 3508 INSTRUCTIONS FOR BORROWERS To apply for forgiveness of your First or Second Draw Paycheck Protection Program (PPP) loan, you (the Borrower) may use the Form 3508EZ or the Form 3508S application or complete this application as directed in these instructions, and submit it to your Lender (or the Lender that is servicing your loan). syhztwgx tlvzs aphbwhpr lksmxi ibi bixb yxxbo wfs khd ypkw elub gofo lylsww vtp uejyl