The Small Business Administration (SBA) has issued a revised Form 3508, Paycheck Protection Program (PPP) Loan Forgiveness Application. The SBA also released a streamlined PPP Loan Forgiveness Application, Form 3508EZ.
  • SBA Form 3508S NAFCU has advocated for a simpler forgiveness application from inception of the PPP. We appreciate the SBA’s continued commitment to streamlining the PPP forgiveness process, with the initial 3508EZ form and the newly created 3508S form for loans under $50,000. An analysis

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    Oct 11, 2020 · SBA will continue to process all PPP forgiveness applications in an expeditious manner. Click here to view the simpler loan forgiveness application. Click here to view the instructions for completing the simpler loan forgiveness application. Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less.

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    Application (SBA Form 3508, 3508EZ, or Lender equivalent) to its Lender (or the Lender servicing its loan). 1 A borrower may submit a Loan Forgiveness Application before the end of the 8-week or 24-week covered period, provided that the borrower has used all of the loan

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    Oct 13, 2020 · To do this, you’ll need to submit one of the three available forgiveness application forms, depending on your circumstances: SBA Form 3508, SBA Form 3508EZ, or SBA Form 3508S. I should point out that you’ll need to submit more than just a completed application form to qualify for loan forgiveness.

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