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Paycheck Protection ProgramOMB Control No. 32450407 Expiration date: 10/31/2020PPP Loan Forgiveness Application Form 3508SA BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $50,000.

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How to fill out the Fillable Form 3508s online

The Fillable Form 3508s provides a streamlined process for borrowers with PPP loans of $50,000 or less to apply for loan forgiveness. This guide offers step-by-step instructions to help users complete the form accurately and efficiently.

Follow the steps to complete the Fillable Form 3508s online.

  1. Click ‘Get Form’ button to obtain the form and open it in your online editor.
  2. Enter your business legal name in the ‘Business Legal Name’ field. If your business operates under a different name, include this in the ‘DBA or Tradename’ section.
  3. Provide your business address, including city, state, and zip code, in the designated field to ensure proper identification.
  4. Input your Business TIN in the appropriate section. This may be your Employer Identification Number (EIN) or Social Security Number (SSN).
  5. Fill in your business phone number and ensure the primary contact's name and email address are correct for any future correspondence regarding the application.
  6. Record the SBA PPP Loan number and Lender PPP Loan number as instructed on the form. This information is critical for tracking your application.
  7. Complete the PPP Loan amount and disbursement date. Be precise to avoid any discrepancies.
  8. Indicate the number of employees at the time of loan application and again at the time of forgiveness application to assist with verification.
  9. If applicable, enter your Economic Injury Disaster Loan (EIDL) advance amount and application number in the designated fields.
  10. Detail the forgiveness amount you are requesting, ensuring that it complies with the guidelines provided.
  11. Review the certification section where the Authorized Representative must initial next to each statement confirming the accuracy of the information provided.
  12. Sign and date the application, ensuring all entries are completed to prevent any processing delays.
  13. Once all sections are fully filled out, you can save changes, download, print, or share the completed form as needed.

Take the next step towards securing your loan forgiveness by completing the Fillable Form 3508s online today.

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PPP Loan Forgiveness Form 3508S
5 days ago — SBA Form 3508S. Updated 01-19-21. A BORROWER MAY USE THIS FORM ONLY IF THE...
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SBA Form 3508S A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $150,000 OR LESS.

A second PPP loan is only available to businesses that were in operation before February 15, 2020. They must have used up their initial PPP loan and have incurred a 25% or more reduction in revenue in 2020. ... If the businesses recorded $15,000 or less in Q2 sales in 2020, they are eligible to apply for a second PPP loan.

If you are unable to check one of the boxes, you cannot use SBA Form 3508EZ and instead you must apply for forgiveness of your PPP loan using SBA Form 3508.

Any business type can use Form 3508S, from contractors to corporations.

3:54 13:57 Suggested clip How to Complete the PPP Loan Forgiveness Application Form 3508EZYouTubeStart of suggested clipEnd of suggested clip How to Complete the PPP Loan Forgiveness Application Form 3508EZ

The difference between the forms lies in the calculations you need to do. Form 3508 requires the most calculations, Form 3508EZ requires less calculations, and Form 3508S is nearly calculation-free (cue the celebration). The form you use depends on certain factors such as: How much you borrowed.

SBA Form 3508S A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $150,000 OR LESS.

SBA Form 3508S (10/20) Page 1. PPP LOAN FORGIVENESS APPLICATION FORM 3508S INSTRUCTIONS FOR BORROWERS. You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using this SBA Form 3508S only if the total PPP loan amount you received from your Lender was $50,000 or less.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232