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Under the new procedures, a borrower must request the forgiveness of PPP loan proceeds by filing SBA Form 3508, Paycheck Protection Program Loan Forgiveness Application.
On May 15, 2020, the SBA published the Paycheck Protection Program Loan Forgiveness Application (SBA Form 3508). While the application clears up several of the outstanding questions that borrowers may ...
The Small Business Association (SBA) has clarified the rules surrounding loan forgiveness of the Paycheck Protection Program (PPP). We share tips to get use the EZ PPP loan forgiveness application.
The SBA Makes It Easier to Apply for PPP Loan Forgiveness A first look at the new forgiveness application now available to businesses with the smallest Paycheck Protection Program loans.
To apply for forgiveness, businesses should contact their lender and complete either the SBA Form 3508, SBA Form 3508EZ or SBA Form 3508S.
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