Get Sba 3508 2020

The SBA 3508 form is an essential document for businesses seeking loan forgiveness under the Paycheck Protection Program. This guide provides a clear, step-by-step approach to filling out the form online, accommodating users of all backgrounds and experience levels.

Follow the steps to accurately complete your SBA 3508 form.

1. Click ‘Get Form’ button to obtain the form and open it in your document management system.
2. Input the business legal name, doing business as (DBA) name if applicable, business address, and taxpayer identification number (TIN) in the designated fields.
3. Provide the primary contact's details, including their name, email address, and business phone number.
4. Fill in the loan details: SBA PPP loan number, lender PPP loan number, loan amount, and disbursement date.
5. Specify the number of employees at the time of loan application and at the time of forgiveness application in the respective fields.
6. Indicate the amount of EIDL advance received and the corresponding application number.
7. Choose your payroll schedule from the options provided: weekly, biweekly, twice a month, monthly, or other.
8. Detail the covered period for the PPP loan and provide an alternative payroll covered period if applicable.
9. If your business, along with affiliates, received PPP loans exceeding $2 million, check the relevant box.
10. In the forgiveness amount calculation section, enter the payroll and non-payroll costs as indicated, ensuring that totals are calculated correctly.
11. Complete any adjustments for full-time equivalency (FTE) and salary/hourly wage reductions, filling in the necessary lines.
12. Calculate and enter the potential forgiveness amounts, ensuring that the figures from previous lines are accurately input.
13. At the bottom of the form, certify the representations, providing your signature, printed name, and title along with the date.
14. Once completed, review the form for accuracy, then save changes, download, print, or share the document as needed.

Ensure your loan forgiveness application is submitted correctly by completing your SBA 3508 form online today.