Get Sba 3508ez 2020-2025
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How to fill out the SBA 3508EZ online
Filling out the SBA 3508EZ form online is an important step in seeking forgiveness for your Paycheck Protection Program loan. This guide provides clear and easy-to-follow instructions to help you accurately complete the form.
Follow the steps to complete your SBA 3508EZ application online.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Enter the business legal name in the ‘Business Legal Name’ field, along with any applicable DBA or tradename, business address, and business TIN (EIN or SSN). Also, provide the primary contact information including name, business phone number, and email address.
- Fill in the SBA PPP loan number and the lender PPP loan number. Record the PPP loan amount and the date the loan was disbursed.
- Indicate the number of employees at the time of the loan application and at the time of the forgiveness application.
- If applicable, enter the EIDL advance amount and the EIDL application number. Indicate your payroll schedule and specify the covered period for the loan.
- In the forgiveness amount calculation section, provide the amounts for payroll costs, business mortgage interest payments, business rent or lease payments, and business utility payments.
- Calculate the potential forgiveness amounts by adding the totals from the previous line items and enter them according to the instructions.
- In the certification section, the authorized representative must initial next to each statement confirming the use of funds, compliance with payroll requirements, and accuracy of documentation.
- Conclude by signing and dating the document, providing the printed name and title of the authorized representative.
- After completing the form, save your changes, download a copy for your records, and print or share the form as necessary.
Complete your SBA 3508EZ form online today for a smooth application process.
Yes, certain SBA loans, specifically those processed under the Paycheck Protection Program (PPP), are eligible for forgiveness when using the SBA 3508EZ form. To qualify, borrowers must meet specific requirements related to maintaining payroll and using funds for designated expenses. This process simplifies how you can seek forgiveness, making it easier for businesses to recover financially. Uslegalforms can provide guidance and resources to help you navigate these requirements efficiently.
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