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How to fill out the SBA Releases New PPP Loan Forgiveness Application Forms online
This guide provides essential information on how to complete the SBA PPP Loan Forgiveness Application forms online. By following these steps, users can ensure that their application is filled out accurately and efficiently, maximizing their chances for loan forgiveness.
Follow the steps to successfully complete your application.
- Press the ‘Get Form’ button to access the form and open it for editing.
- Read through the form carefully to understand each section and gather the required documentation. This includes evidence for payroll and non-payroll costs as outlined in the instructions.
- Complete the necessary sections related to your business information and PPP loan details. Ensure accuracy in reporting your loan amount and the requested forgiveness amount.
- Provide documentation for payroll costs, including employee compensation details, benefits, and other related expenses observed during the eight-week period post-disbursement.
- Submit proof of non-payroll costs such as mortgage interest, rent payments, and utility expenses documented within the specified timeframe.
- Review your completed application to check for any errors or missing information before final submission.
- Once confirmed, save any changes made to the form, and choose to download, print, or share the application as necessary.
Complete your PPP Loan Forgiveness Application online today to ensure timely submission and review.
Once a lender reviews a forgiveness application and submits it, the SBA has up to 90 days to make a final decision, Shepherd said. To date, most of the applicants received answers on forgiveness within the 90-day timeframe.
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