WebJul 30, 2024 · You can apply for forgiveness of your First or Second Draw Paycheck Protection Program (PPP) Loan using this SBA Form 3508S only if the loan amount you received from your Lender was $150,000 or less for an individual First or Second Draw PPP Webthrough the date of this application. SBA may direct a lender to disapprove the Borrower’s loan forgiveness application if SBA determines that the Borrower was ineligible for the …
PPP Loan Forgiveness Application + Instructions
WebReview the PPP Loan Forgiveness Application options. You’ll either use: Form 3508S. Consider using this form if your loan is $150,000 or less. This simple form requires you to provide less information and the processing time may also be … WebJul 30, 2024 · Existing borrowers may be eligible for PPP loan forgiveness. A borrower may use this form only if the borrower received a PPP rent of $150,000 or less. PPP 3508S Loan Forgiveness Application + Instructions U.S. Small Business Administration - 3245-0407 SBA Form 3508 PPP Forgiveness Application ... body diversity brands
PPP Forgiveness Forms: 3508 VS 3508EZ VS 3508S
WebLoan Forgiveness Application Form 3508 Revised January 19, 2024 OMB Control No.: 3245-0407 . Expiration Date: 9/30/2024 . PPP Loan Forgiveness Calculation Form . Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN) Business Phone ( ) - WebJan 21, 2024 · The revised Form 3508S is discussed here. Form 3508. The key changes to the revised Form 3508 are as follows: Page 1. The borrower’s NAICS code is now required. There is a new “check box” to indicate whether the application is for the forgiveness of a First Draw or Second Draw PPP loan. WebTake the total from Step 1 and divide it by 40. Round the amount from Step 2 to the nearest tenth and limit it to 1.0 max. There is also a simplified method for calculating this. The simple method assigns a 1.0 to any employee who works 40 hours or more, and a 0.5 to employees who work fewer than 40 hours. body diversity in fashion wendy bendoni