Get Ppp Loan Forgiveness Application Form 3508s Revised January 19 ...

Completing the PPP Loan Forgiveness Application Form 3508S can be a straightforward process. This guide provides detailed step-by-step instructions to help users navigate through each section of the form online, ensuring you meet all requirements for loan forgiveness.

Follow the steps to complete your PPP loan forgiveness application online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Start filling out the form by entering the Business Legal Name (also known as 'Borrower'), Business Address, and, if applicable, DBA or Tradename.
3. Provide the NAICS Code related to your business and enter your Business TIN (EIN or SSN) along with the Primary Contact information, including phone number and email address.
4. Select whether this application is for a First Draw PPP Loan or Second Draw PPP Loan by checking the appropriate box.
5. Fill in the SBA PPP Loan Number and Lender PPP Loan Number, which were provided when your loan was approved.
6. Enter the PPP Loan Amount that corresponds to the total disbursed amount for your loan.
7. Indicate the PPP Loan Disbursement Date, referring to the date you received your loan proceeds.
8. Provide the number of Employees at Time of Loan Application and Employees at Time of Forgiveness Application to document your workforce changes.
9. Specify the Covered Period by entering the beginning and end dates, which reflect the duration in which you can spend the funds.
10. If applicable, check the box if you received First Draw or Second Draw PPP Loans of $2 million or more alongside affiliates.
11. Document the Amount of Loan Spent on Payroll Costs and the Requested Loan Forgiveness Amount, ensuring that these figures align with the eligible costs incurred during the Covered Period.
12. Sign and date the application in the designated area to certify that all information is correct and complies with the PPP requirements.
13. Once you have completed all fields, save changes, and download the completed application. You may also print or share the form as necessary.

Complete your PPP Loan Forgiveness Application Form 3508S online today for efficient processing.