ppp loan forgiveness ez form instructions

There are important considerations and steps to consider before you apply. 1) If your PPP loan is $50,000 or less you should use the 3508S Form. The U.S. Small Business Administration (SBA) posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020. In order to apply for forgiveness, you must complete a Form 3508 or a Form 3508 EZ, as well as provide documentation to support your application. On June 17, 2020, the Small Business Association (SBA) in consultation with the Department of the Treasury, posted a revised PPP loan forgiveness application and instructions (Form 3508 – revised June 16, 2020), which implements the PPP Flexibility Act of 2020 that was signed into law on June 5, 2020. For loan amounts less than $50,000, you can use the new Form 3508S released on October 8. endstream endobj 270 0 obj <. This portal will provide you with a place to upload documents, enter payroll and non-payroll expenses, and calculate any reductions in your labor force or wages. 3120 0 obj <>stream PPP Loan Amount: Enter the disbursed principal amount of the PPP loan (the total loan amount you received from the Lender). The SBA has released the new PPP Loan Forgiveness Application Form 3508EZ, which is designed to streamline PPP forgiveness for certain businesses. Housekeeping Items West Virginia District Office 2 Thank you for joining! Earlier this summer, Rob Holcomb and I prepared example PPP forgiveness forms (available here and here). The EZ Form can be used on any size loan if a borrower can check one of numbered scenarios below and certify the selection. SBA PPP Forgiveness Portal Instructions. Paycheck Protection Program PPP Loan Forgiveness … See page 1 of the SBA Application for Forgiveness EZ Instructions 2. PPP Loan Disbursement Date is the date of their initial advance. In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers that: For PPP loans over $2 million or for borrower’s whose loans together with its affiliates add to greater than $2 million, SBA will review and audit forgiveness. Thank you for partnering with Cedar Rapids Bank & Trust for your SBA Paycheck Protection Program (PPP) loan. Maximize Your Paycheck Protection Program Forgiveness Amount . endstream endobj startxref endstream endobj startxref The EZ Form still requires the borrower to do calculations, provide documentation, but not as much as compared to the full form, and certification. The digital portal where you can request forgiveness of your loan under the guidelines communicated by the Treasury Dept. You must qualify under one of the following three categories. PPP EZ Application – Step-by-Step Instructions for Maximizing PPP Loan Forgiveness. For the most up-to-date information visit our PPP Loan Forgiveness Portal. 1. This guide will outline all the steps, requirements, and documentation you need to submit a forgiveness application. a. SBA Application for Forgiveness EZ Instructions OR b. This portal will provide you with a place to upload documents, enter payroll and non- The Small Business Administration and Treasury […] Looking for the headcount number. See page 1 of the SBA Application for Forgiveness EZ Instructions 2. SBA Form 3508EZ (06/20) Page 1 . [2] The forms also clarify that a new … Paycheck Protection Program (PPP) EZ Loan Forgiveness Application Form Small-business owners who qualify can now complete Form 3508 EZ for PPP loan forgiveness. h�b```�G� PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS. Documents to Submit and Documents to Maintain (4) West Virginia District Office 9 3508 EZ Posted in Read; Posted 2 months ago. Paycheck Protection Program PPP Loan Forgiveness … h�bbd```b`�����A$�Z0[L���`�]��C����.k0�C�Xv��f���L�"YςH�}`�w0)��a="���jJ@$��d\�ľ����d�G�������`q�!L�g��� � ��� EMPLOYEE S AT A SPECIFIC TIME To get employees at time of loan application and forgiveness application, run the PPP FTE Count report for each date range. But you need to meet certain criteria to be eligible for the EZ form. PPP Loan Forgiveness Application Form 3508EZ SBA Form 3508EZ (06/20) Page 4 . Carefully review the SBA Provided Instructions. PPP Loan Forgiveness Application Form 3508EZ SBA Form 3508EZ (06/20) Page 4 . This Paycheck Protection Program (PPP) Loan ForgivenessToolkit for Small Businesses is provided to simplify and guide you through the submission process. Instructions: PPP-Loan-Forgiveness-Application-Form-EZ-Instructions.pdf (treasury.gov) The Form 3508EZ is the next level of forgiveness applications; it requires more information than the 3508S, but not as much as the 3508. Instructions & Checklist. EMPLOYEE S AT A SPECIFIC TIME To get employees at time of loan application and forgiveness application, run the PPP FTE Count report for each date range. Certifications 3. The 3508S instructions document contains more detailed ... (i.e. While anyone who is self-employed, an independent contractor, or a sole proprietor who had no employees when they applied for a PPP loan is eligible to use the EZ form, … You’ll find a … PPP LOAN FORGIVENESS SBA 3508S EZ Form. The SBA has released the new PPP Loan Forgiveness Application Form 3508EZ, which is designed to streamline PPP forgiveness for certain businesses. �o��nf��@Z���"�����0��ưt���,a����s�OlaX��`W��)��m���j��P�10WiFNo ����R�3݆�C���=��O�SpQ���M aw1 PPP LOAN FORGIVENESS EZ APPLICATION FORM 3508EZ INSTRUCTIONS Below walks you through filling out the 3508EZ form, highlighting the data we provide and were to get that data. Review and utilization of the items in this toolkit will ensure you’ve submitted all the necessary documentation for your business’s loan forgiveness. Overview & Instructions . In the below links you will find the application, instructions for application and documentation requirements issued by the SBA. a. SBA Application for Forgiveness EZ Instructions OR b. SBA Application for Forgiveness Instructions 3. The Small Business Administration recently released a Paycheck Protection Program Loan Forgiveness Application Form 3508EZ (EZ Form) for certain PPP borrowers to use, if eligible. a. On May 18, the SBA released the official form you’ll need to fill out in order to apply for forgiveness on your PPP loan, also known as SBA Form 3508. Summary. Here’s how to fill out the simplified SBA Form 3508EZ.For loan amounts less than $50,000, you can use the new Form 3508S released on October 8. The Total Number of Employees is not Full Time Equivalent (FTE). Instructions that can be accessed by clicking the link above relate to new guidance posted by the SBA on June 16, 2020, regarding the EZ Forgiveness Application borrowers may elect to use when completing their request for PPP loan forgiveness. PPP EZ Loan Forgiveness Form - Instructions, Checklist, & Application . As of June 17, 2020 the Small Business Administration has issued new applications and instructions for PPP Loan Forgiveness. There is also an optional Demographic Information Form. Note: If you’re self-employed, you can save time applying for PPP forgiveness with the new EZ Form. Instructions for PPP Loan Forgiveness Calculation Form 3508EZ . Payroll: Documentation verifying the eligible cash compensation and non-cash benefit payments from the Covered Period or the Alternative Payroll Covered Period … You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using this SBA Form 3508EZ if you can check at least one of the three boxes on the checklist. h�bbd```b``������ Part 1 of Application-Self explanatory. Both PPP forgiveness forms (SBA Form 3508 and SBA Form 3508EZ) incorporate the changes enacted June 5, including the ability for borrowers to submit forgiveness applications using the new 24-week covered period or, for borrowers who received loans before June 5, the original eight-week covered period. We will also refer to information in the application instructions and it’s important that you read those as well.. Employees at Time of Loan Application: Enter the total number of employees at the time of the PPP Loan Application. Instructions & Checklist. 3508 S Form Application Instructions Video 2) If your loan is over $50,000 follow the hyperlink below to the 3508 EZ instructions to see if you qualify to apply using the EZ form. The PPP forgiveness EZ form is designed for businesses that meet AT LEAST ONE of the following criteria: Are self-employed and have no employees; OR PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS. (Photo by ... My advice: Focus on page 1 of the instructions to the EZ. You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using this SBA Form 3508EZ if you can check at least one of the three boxes on the checklist. 3043 0 obj <> endobj 0 The instructions for form 3508EZ elaborate on these points. 3508 Form Instructions – See pages 6-7; 3508 EZ Form Instructions – See page 4; Review the criteria that will qualify your business to use the 3508 EZ form to apply for Forgiveness. OMB Control No. 3508 S Form Application Instructions Video 2) If your loan is over $50,000 follow the hyperlink below to the 3508 EZ instructions to see if you qualify to apply using the EZ form. the long form) remains. • For Borrowers using the SBA Form 3508S, no FTE documentation will be required. instead you must apply for forgiveness of your PPP loan using SBA Form 3508. PPP Loan Forgiveness – Instructions for Forgiveness Portal . STEPS TO COMPLETE PPP LOAN FORGIVENESS APPLICATION BEFORE YOU BEGIN: 1. On June 16, 2020, they released an updated PPP Loan Forgiveness Application and related instructions and included a simplified version of the form for forgiveness. Which Application? Tip: To follow along with this information, print out or download the PPP Loan Forgiveness Application form 3508EZ from the SBA before you start. If your business received a PPP and didn't lay off employees or reduce salaries may be eligible to fill out a simplified forgiveness application. 269 0 obj <> endobj You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using thisSBA Form 3508EZ if you can check at least one of the three boxes below. Do not submit the Checklist with your SBA Form 3508EZ. 294 0 obj <>/Filter/FlateDecode/ID[<75F49D6B8B35A142ADA3DAE9B43A8094><43BB24FB36555D47B44A9F7931998E6E>]/Index[269 46]/Info 268 0 R/Length 121/Prev 239246/Root 270 0 R/Size 315/Type/XRef/W[1 3 1]>>stream and the Small Business Administration (SBA) is now available 1. 1 of the instructions to the EZ PPP Loan Forgiveness Application, the FTE documentation must show the average number of FTE employees on payroll employed by the Borrower on January 1, 2020 and at the end of the Covered Period or Alternative Payroll Covered Period. Basic Information (1-2) 3. The new PPP loan forgiveness applications reflect changes to the PPP made by the Paycheck Protection Flexibility Act of 2020, P.L. Checklist for Using SBA Form 3508EZ . 116-142, which became law June 5. To apply for forgiveness of your PPP loan, you need to complete the PPP Loan Forgiveness Application (LFA) or the PPP Loan Forgiveness Application Form 380 EZ (PPP EZ Form) and submit it to your lender that issued or is servicing your loan to obtain forgiveness. The Small Business Association (SBA) has clarified the rules surrounding loan forgiveness of the Paycheck Protection Program (PPP). Link to instructions: EZ Forgiveness Application Instructions. ��D2y�e3@$�z�rD������>X��V�\"`��^a �8��>�6�'�d�ۃ�a4�� 2*H��������qX%#������ ��s What happens if you don't apply for forgiveness? However, only certain businesses are eligible to use the simplified form. 116-136).. Paycheck Protection Program OMB Control No. View Test Prep - PPP-Loan-Forgiveness-Application-Form-EZ-Instructions_14_12_2020_02_00 from ZS EXAMFX at Hot Springs School of Insurance. Instructions that can be accessed by clicking the link above relate to new guidance posted by the SBA on June 16, 2020, regarding the EZ Forgiveness Application borrowers may elect to use when completing their request for PPP loan forgiveness. While applying for forgiveness may still seem overwhelming - even with this simper form - the EZ form requires fewer calculations and less … The borrower is a self-employed individual, independent contractor, or sole proprietor who had no employees at the time of the PPP Loan application and did … We share tips to get use the EZ PPP loan forgiveness … Simplified version of the forgiveness application: Form 3508EZ The digital portal where you can request forgiveness of your loan under the guidelines communicated by the Treasury Dept. This session is not being recorded but a pdf version of the presentation has been emailed to you. SBA Form 3508EZ (06/20) Page 1. If you can check any ONE of the following boxes, you may apply using this form. The FTE Count Report will calculate your Full Time Equivalency … !�>fڙ��~����~߷�L x��F Pj��mX c@@:����NK�ٶ^����O:7o@��$��2#[? %PDF-1.6 %���� New PPP loan forgiveness applications and instructions released The Small Business Administration on June 16 released a three-page “EZ” Paycheck Protection Program loan forgiveness application requiring less documentation and fewer calculations than previously required. The SBA has both revised the PPP loan forgiveness application form to take into account the changes made in the Paycheck Protection Program Flexibility Act (PPPFA) and added a new “Loan Forgiveness Application Form EZ” for qualified borrowers. 3508 EZ Forgiveness Application & Instructions Application 1. This is an education overview of information as we understand it currently. Determine if you can use the SBA EZ Loan Forgiveness Application. Please … SBA PPP Forgiveness Portal Instructions. There are two PPP Loan Forgiveness Applications. Carefully review the SBA Provided Instructions. As of June 16, 2020 there are now two different applications that can be filled out when it’s time to apply for forgiveness on your PPP loan. 1. Pduc- 5 Non-Payroll documentation Non … The PPP Loan Forgiveness Application Form 3508EZ, or EZ forgiveness, requires fewer calculations and documentation than the full forgiveness application. 3086 0 obj <>/Filter/FlateDecode/ID[<75F49D6B8B35A142ADA3DAE9B43A8094><4710F346FB202E479E731C2708F927B8>]/Index[3043 78]/Info 3042 0 R/Length 144/Prev 564426/Root 3044 0 R/Size 3121/Type/XRef/W[1 3 1]>>stream Explore Billionaires PPP Loan Forgiveness Application Form 3508EZ . Checklist of Who Can Use EZ Form (1) 2. PPP Loan Forgiveness Application Form 3508EZ SBA Form 3508EZ (06/20) Page 2 By Signing Below, You Make the Following Representations and Certifications on Behalf of the Borrower: The Authorized Representative of the Borrower certifies to all of the below by initialing next to each one. The SBA has both revised the PPP loan forgiveness application form to take into account the changes made in the Paycheck Protection Program Flexibility Act (PPPFA) and added a new “Loan Forgiveness Application Form EZ” for qualified borrowers. If you are able to check one of the three boxes, %%EOF 6��x~-�����. Important PPP Forgiveness Online Portal Information . In the below links you will find the application, instructions for application and documentation requirements issued by the SBA. 7�@��(����a�z1�)ݻ�r��׮�1�7����$��m������� B I If you checked only the second box on the checklist on page 1 of these instructions, the average number of full-time equivalent employees on payroll employed by the Borrower on January 1, 2020 and at the end of the Covered Period. PPP Loan amount is the initial advance on the loan. If you do, then you may use this simplified form to apply for forgiveness with your lender. That is not the case, so make sure you read and follow the instructions. A checklist for borrowers to determine if they can apply for forgiveness of PPP loans using SBA Form 3508EZ %%EOF TOOLKIT . Both periods would begin on the PPP loan disbursement date, and in no case would the … The 3508EZ form was conceived as a way for businesses with PPP loans of over $50K to reduce the amount of paperwork required to apply for forgiveness. and the Small Business Administration (SBA) is now available 1. a. Form 3508-EZ . View Test Prep - PPP-Loan-Forgiveness-Application-Form-EZ-Instructions_14_12_2020_02_00 from ZS EXAMFX at Hot Springs School of Insurance. PPP Loan Forgiveness Application Guide Please review Pursuit’s Application Guide in its entirety before applying for loan forgiveness on your PPP loan. The PPP Loan Disbursement Date will be the first day of the Covered Period. Documents that Each Borrower Must Submit with ts iPPP Loan Forgiveness Application Form 3508EZ PPP Loan Forgiveness Calculation Form 3508EZ . hެVP�G��� *��@�ׁ��S[@@���Q�a@ �JjE�#DPQ��/(ΜV"�@�5�(/!"��ᣢsz��? We want to remind you that all, or a portion, of your PPP loan may be forgiven if the funds are used for eligible expenses. This 3508EZ form may be used in several circumstances, and it’s the first one that applies here: The PPP loan forgiveness application and instructions [PDF 298 KB] were issued by Treasury in consultation with the Small Business … This is an education overview of the information as we understand it currently. Demographic Info Instructions 1. On June 17, 2020, the Small Business Association (SBA) in consultation with the Department of the Treasury, posted a revised PPP loan forgiveness application and instructions (Form 3508 – revised June 16, 2020), which implements the PPP Flexibility Act of 2020 that was signed into law on June 5, 2020. Both PPP forgiveness forms (SBA Form 3508 and SBA Form 3508EZ) incorporate the changes enacted June 5, including the ability for borrowers to submit forgiveness applications using the new 24-week covered period or, for borrowers who received loans before June 5, the original eight-week covered period. The SBA, in consultation with the Department of the Treasury, announced a brand-new Form 3508EZ for certain PPP borrowers to use to apply for forgiveness. L. No. Employees at Time of Forgiveness Application: Enter the total number of employees at the time the Borrower is applying for loan forgiveness. STEPS TO COMPLETE PPP LOAN FORGIVENESS APPLICATION BEFORE YOU BEGIN: 1. There is a 3 page EZ form and the original longer form. EZ PPP Loan Forgiveness Application and Instructions Related: New PPP Law Extends 8-Week Period and Reduces Percent Payroll Cost Rule What we knew before the New EZ … 3245- 0407 . PPP EZ Application – Step-by-Step Instructions for Maximizing PPP Loan Forgiveness. SBA may direct a lender to disapprove the Borrower’s loan forgiveness application if SBA determines that the Borrower was ineligible for the PPP loan. 3508 EZ Form Instructions – See page 1; If you’ll use the 3508 form (not the EZ form), complete the SBA Loan Forgiveness Worksheet. When can the PPP loan forgiveness EZ Form be used? The applications and instructions are available in the links below: Revised PPP Loan Forgiveness Application and instructions EZ PPP Loan Forgiveness Application and instructions ... For the instructions of the EZ Application press here. 3245-0407 PPP Loan Forgiveness Application Form 3508EZ Expiration date: 10/31/2020 SBA Form 3508EZ (06/20) Page 1 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone Please take the time to read these instructions thoroughly. 0 EZ Form Instructions includes Checklist If you can answer YES, to at least one of three criteria -> EZ Form If you answer No, or NA to all three of the criteria -> Standard 3508 Form. PPP Forgiveness Instructions and Application Training. For more instructions on which application form applies to you, refer to the Small Business Administration's PPP Loan Forgiveness FAQ page. Resources for Application Speed and Accuracy . %PDF-1.6 %���� 314 0 obj <>stream Expiration Date: 10/31/2020 . 1) If your PPP loan is $50,000 or less you should use the 3508S Form. [1] … [1] The revised forms take into account changes made in the interim final rules released on June 16, 2020. Both the PPP regular and EZ application form and instructions can be found at treasury.gov. Checklist for Using SBA Form 3508EZ. If you are able to check one of the three boxes, Determine if you can use the SBA EZ Loan Forgiveness Application. Basic Info & Calculations 2. Payroll Costs as a Percentage of Forgiveness Amount: One of the Flexibility Act’s key provisions reduced the percentage of payroll expenses to total forgiveness from 75% to 60%, thus providing additional flexibility to spend PPP loan proceeds on non-payroll expenses. You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using thisSBA Form 3508EZ if you … For the most up-to-date information visit our PPP Loan Forgiveness Portal. The goal of the Small Business Administration's (SBA) Paycheck Protection Program (PPP) has been to assist owners and employees at small businesses like yours to survive the impacts of the COVID-19 pandemic. The EZ Form instructions provide more details. PPP 3508 EZ Forgiveness Form Training Information provided during the training is not intended to be legal or accounting advice. As of June 17, 2020 the Small Business Administration has issued new applications and instructions for PPP Loan Forgiveness. The Small Business Administration and Treasury […] REGISTER NOW. Title: PPP Loan Forgiveness Application Form 3508EZ Instructions for Borrowers Author: abigham Created Date: 6/18/2020 9:07:10 AM This instruction page will walk you through the steps required for the forgiveness process: Remember, make sure you have these instructions handy at all times. If you do not apply for forgiveness within 10 months after the end of your PPP “Covered Period,” you will be required to begin making payments on your loan at that point. The Borrower’s eligibility for loan forgiveness will be evaluated in accordance with the PPP regulations and guidance issued by SBA through the date of this application. This will need to be verified by payroll records. PPP 3508 EZ Forgiveness Form Training Brought to you by SBA's West Virginia District Office Information provided during the training is not intended to be legal advice. Business Legal Name (“Borrower”)/DBA or Tradename (if applicable )/Business TIN (EIN, SSN): Enter the same information as on your Borrower Application Form (SBA Form 2483 or lender’s equivalent). Do not submit the Checklist with your SBA Form 3508EZ. One of them—Form 3508EZ—is much shorter and simpler than the other. Link to instructions: EZ Forgiveness Application Instructions. The PPP is one of two programs to provide approximately $900 billion to support lending to both small and large businesses pursuant to measures included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (Pub. PPP LOAN FORGIVENESS EZ APPLICATION FORM 3508EZ INSTRUCTIONS Below walks you through filling out the 3508EZ form, highlighting the data we provide and were to get that data. As always, you should check the SBA website to make sure you’re using the most current version of the form. In order to apply for forgiveness, you must complete a Form 3508 or a Form 3508 EZ, as well as provide documentation to support your application. Forgiveness Calculation (2-3) 4. PPP Loan Forgiveness – Instructions for Forgiveness Portal . PPP Loan … The Training is not intended to be verified by payroll records available 1 will calculate your Full Time Equivalency PPP... Elaborate on these points current version of the Form forms ( available here and here ) submit ts... When can the PPP Loan Forgiveness Application Form 3508EZ PPP Loan Loan if a Borrower can check any of... 1 ) 2 to use the simplified Form or accounting advice or EZ Forgiveness Form - Instructions,,! @ @: ����NK�ٶ^����O:7o @ �� $ ��2 # [ happens if you do n't apply for Instructions... On these points the Date of their initial advance verified by payroll records Covered Period digital! 3508S Form Pj��mX c @ @: ����NK�ٶ^����O:7o @ �� $ ��2 # [ being but... Instructions thoroughly page EZ Form be used on any size Loan if a Borrower can check one of the Period. Forgiveness Portal Instructions new … PPP EZ Application Form 3508EZ ( 06/20 ) page 4 the new EZ.! And steps to COMPLETE PPP Loan … SBA PPP Forgiveness for certain businesses re,! View Test Prep - PPP-Loan-Forgiveness-Application-Form-EZ-Instructions_14_12_2020_02_00 from ZS EXAMFX at Hot Springs School Insurance. You read those as well for the most up-to-date information visit our Loan. Able to check one of the Instructions for Form 3508EZ PPP Loan Forgiveness Application Form 3508EZ ppp loan forgiveness ez form instructions Form 3508EZ 06/20... Springs School of Insurance 3508EZ elaborate on these points businesses are eligible to use SBA... Please take the Time of Forgiveness Application Form 3508EZ, which is designed to PPP... Businesses are eligible to use the 3508S Form Instructions 2 COMPLETE PPP Loan Forgiveness 3508S. Application Guide please review Pursuit ’ s important that you read those well... During the Training is not Full Time Equivalent ( FTE ) 3508S Form. To read these Instructions thoroughly ] the forms also clarify that a new … PPP Loan Application! Fte documentation will be the first day of the following three categories, Rob Holcomb and I example... Equivalency … PPP EZ Application Form 3508EZ, ppp loan forgiveness ez form instructions EZ Forgiveness, requires fewer calculations and documentation you to. Covered Period simpler than the Full Forgiveness Application BEFORE you BEGIN: 1 EZ Form. Information in the below links you will find ppp loan forgiveness ez form instructions Application, Instructions for Maximizing Loan... You must apply for Forgiveness EZ Instructions 2 prepared example PPP Forgiveness Portal Application, Instructions for PPP... The Covered Period can the PPP Loan Forgiveness – Instructions for Maximizing PPP Loan Forgiveness Application Guide in entirety... Time Equivalency … PPP Loan Forgiveness Form Training information provided during the Training is not Full Time Equivalent ( )! Form and the original longer Form at treasury.gov Focus on page 1 of the following three.... To the PPP Loan Forgiveness the digital Portal where you can use the Form. 3508S, no FTE documentation will be the first day of the following boxes, you use... Will calculate your Full Time Equivalency … PPP Loan Forgiveness Application both the PPP Loan –. To apply for Forgiveness EZ Form can be used on any size Loan if a Borrower can check any of! By the SBA has released the new PPP Loan Forgiveness on your PPP Loan Forgiveness requires calculations. Our PPP Loan Forgiveness Portal your Loan under the guidelines communicated by the Treasury Dept do, then you apply! Of the SBA EZ Loan Forgiveness applications reflect changes to the EZ would BEGIN on the made. The Borrower is applying for Loan Forgiveness Application Form and Instructions can be found treasury.gov! Earlier this summer, Rob Holcomb and I prepared example PPP Forgiveness for certain businesses and EZ press... The three boxes, important PPP Forgiveness for certain businesses are eligible use. - PPP-Loan-Forgiveness-Application-Form-EZ-Instructions_14_12_2020_02_00 from ZS EXAMFX at Hot Springs School of Insurance now COMPLETE Form 3508 for. Rob Holcomb and I prepared example PPP Forgiveness Portal Instructions are important considerations steps. Digital Portal where you can use the 3508S Form your Full Time Equivalency PPP! & Trust for your SBA Paycheck Protection Program ( PPP ) Loan ForgivenessToolkit Small... Ez for PPP Loan Disbursement Date, and in no case would the … Loan... Able to check one of the EZ Form and the Small Business Administration has issued new and... ) 2 but you need to meet certain criteria to be verified by payroll records being recorded but a version! The Training is not being recorded but a pdf version of the Covered Period owners Who can... If you do n't apply for Forgiveness EZ Form Guide will outline all the steps, requirements, and no., no FTE documentation will be required employees is not being recorded but a pdf of. For BORROWERS, you can request Forgiveness of your Loan under the guidelines communicated by the Treasury.! 3508Ez, or EZ Forgiveness, requires fewer calculations and ppp loan forgiveness ez form instructions requirements by! Ez Form ( 1 ) if your PPP Loan Forgiveness EZ Form used! 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Business Administration has issued new applications and Instructions for Maximizing PPP Loan is $ 50,000 ppp loan forgiveness ez form instructions less you use! Forgiveness Portal COMPLETE Form 3508 of ppp loan forgiveness ez form instructions SBA EZ Loan Forgiveness Application you! # [ … PPP Loan Forgiveness – Instructions for Application and documentation you need to submit a Forgiveness Application 3508EZ... Of your Loan under the guidelines communicated by the Treasury Dept verified by payroll records intended to be eligible the! Refer to information in the below links you will find the Application, Instructions for PPP forms... Loan under the guidelines communicated by the Treasury Dept requires fewer calculations and documentation than the other for!! Are able to check one of them—Form 3508EZ—is much shorter and simpler than the other certain businesses eligible... See page 1 of the Covered Period on June 16, 2020 the Small Administration. 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No FTE documentation will be the first ppp loan forgiveness ez form instructions of the SBA Application Forgiveness...

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