3508ez application. Checklist for Using SBA Form 3508EZ .

3508ez application If this application is being submitted for a First Draw PPP Loan approved on or before August 8, 2020 and the Borrower is PPP Loan Forgiveness Application Form 3508EZ Revised January 19, 2021 SBA Form 3508EZ (01/21) Page 1 . 3508 and 3508EZ Applications Forms PPP Loan Forgiveness Calculation Form PPP Loan Forgiveness Calculation Form or PPP Loan Forgiveness Calculation Form 3508EZ SBA Form 3508D only if the application is for a First Draw PPP Loan approved on or before August 8, 2020, and the Borrower must disclose a controlling interest. Borrowers can only use SBA Form 3580S if they received a PPP loan of $150,000 or less and, if applicable, the PPP loan total across all affiliates is less than $2 million. Are you searching for universal solution to eSign ppp loan forgiveness application form 3508ez instructions ppp loan forgiveness application form 3508ez instructions ppp loan? airSlate SignNow brings together ease of use, affordable price and security in a single online tool, all without forcing additional software on you. SBA PPP Loan Number: Employers that meet the conditions outlined below may fill out Form 3508EZ which, as its name suggests, is an easier loan forgiveness application form. NSTRUCTIONS FOR . nd. Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number : _____ Lender PPP Loan Number: PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS. ORGIVENESS . You can use the form if. Appendix I: If Your Loan is Greater Than $50,000 – Determine if SBA Form 3508EZ Applies For loans greater than $50,000, borrowers have the option of using SBA Form 3508EZ or SBA Form 3508. Click . PPLICATION . 2020) Fillable-508 (U. Borrowers may also complete their application electronically through their Lender. PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021 : 01 /31 2022 . Note that there are separate documentation requirements relevant to each application. However, this article is exclusively dedicated to the three forgiveness application forms available. Download your adjusted document, export it to the cloud, print it from the editor, or share it with other participants using a PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS. Answer both questions by clicking . In addition to the supporting documentation provided to the Bank, the Borrower is required to retain (but not deliver) a number of supporting documents for 6 years as part of the loan forgiveness process. 3245-0407 Expiration date: 10/31/2020 . Existing borrowers may be eligible for PPP loan forgiveness. Do not submit this Checklist with your SBA PPP Loan Forgiveness Application Form 3508EZ Revised January 19, 2021 SBA Form 3508EZ (01/21) Page 1 . Do not submit this Checklist with your SBA PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN, ITIN) Business Phone ( ) - Primary Contact E-mail Address ☐rst Draw PPP Loan Fi ☐ Second Draw PPP Loan (check one) SBA PPP Loan Number:. Download in PDF or Word format, or fill out online for easy completion and submission. Business Legal Name (“Borrower”) DBA or Tradename , if applicable Business Address NAICS Code Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address ☐ Simplify the loan forgiveness process with our free, fillable SBA Form 3508EZ PPP EZ Loan Forgiveness Application. : 3245-0407 Expiration Date: 7/31/2021 SBA PPP Loan Number: Enter the loan number assigned by SBA at the time of loan approval. The EZ application is a short three pages as compared to the five-page full application. 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. 30, 2021 If you are not eligible to use this form, you must apply for forgiveness of your PPP loan using SBA Form 3508 or 3508EZ (or lender’s equivalent form). Signature of Authorized Representative of Borrower . Borrowers with loans of more than $150,000 will use either the 3508EZ or 3508 form. : 3245-0407 Expiration Date: 7/31/2021 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address ☐ Which form should I use? 1. In the SBA’s press release announcing the application, the department noted that additional regulations and through the date of this application. If your loan is$150,000 or less, you should useForm 3508Sand followourPPP Forgiveness Step-by-Step for Form 3508S. Once your application is complete Wells Fargo has 60 days to review your application, including documents, and submit your Easily complete the French version of SBA Form 3508EZ PPP Ez Loan Forgiveness Application online for free. This document is a Paycheck Protection Program (PPP) Loan Forgiveness Application Form for a business that received a PPP loan. Purpose. The Borrower did not reduce annual salary or hourly wages of any employee by more than 25% during the Covered Period (or Alternative Payroll Covered Get the PPP Loan Forgiveness Application Form 3508EZ Instructions PPP Loan Forgiveness Application Form 3508 accomplished. SBA Form 3508 ( 06/20) Page 2 _____ New JPMorganChase HQ Drives Billions in Economic Growth for New York With about 8,000 jobs created and $2. PPP Loan Forgiveness Application Form 3508S Revised July . Title . You'll either use: Form 3508S. You have successfully completed this document. We also discuss how to use it. Draw 2 Forgiveness Customer Portal (3508EZ) Picking an Application Type INSTRUCTIONS 7 1. This simple form requires you to provide less 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. Need an expert tax professional to walk you through how to fill out the Paycheck Protection Program Loan Forgiveness 3508EZ application form? Larry Gray, CPA PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN, ITIN) Business Phone ( ) - Primary Contact E-mail Address ☐rst Draw PPP Loan Fi ☐ Second Draw PPP Loan (check one) SBA PPP Loan Number: PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN, ITIN) Business Phone ( ) - Primary Contact E-mail Address ☐rst Draw PPP Loan Fi ☐ Second Draw PPP Loan (check one) SBA PPP Loan Number: PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS. Calculate the period starting from your disbursement date to 24 weeks (168 days) after. PPP Loan Forgiveness Application Form 3508EZ However, this article is exclusively dedicated to the three forgiveness application forms available. PPP Loan Forgiveness Application Form 3508EZ. If you received your PPP loan before June 5, 2020 you can use an eight-week (56-day PPP Loan Forgiveness Application Form 3508EZ Revised January 19, 2021 SBA Form 3508EZ (01/21) Page 1 -0407 . The 3508S and 3508EZ applications are simplified compared to Which form should I use? 1. Small Business Administration. PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN, ITIN) Business Phone ( ) - Primary Contact E-mail Address ☐rst Draw PPP Loan Fi ☐ Second Draw PPP Loan (check one) SBA PPP Loan Number: PPP Loan Forgiveness Application Form 3508EZ . Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number : _____ Lender PPP Loan Number: Updated July 28, 2021 to include the new SBA PPP Direct Forgiveness Portal. PPP L. EagleBank highly recommends that you download the most up-to-date Paycheck Protection Program SBA Form 3508EZ Forgiveness Application and Instructions, as the SBA makes periodic updates to these documents. The required documentation varies by business entity, so be sure to review this information closely. If not, use the full PPP form 3508 to calculate forgiveness. Unless you qualify to use the EZ or S versions, you must apply with the regular Form 3508. 16. SBA Form 3508EZ (06/20) Page 2 . S. : 3245-0407 Expiration Date: 7/31/2021 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address ☐ Draw 1 Forgiveness Customer Portal (3508EZ) Picking an Application Type. Yes. Be sure to include these reports with your completed application, if you are using Form 3508 or Form 3508EZ. NET – DA Form 3508 – Application For Remission Or Cancellation Of Indebtedness – This article explains what DA Form 3508 is and where to find it. 2021)-508_0 - Free download as PDF File (. Once you’ve found the DA Form 3508 template you need, you can get started with it. Application Form, unless there has been a change in address or contact information. This form simplifies the process by requiring fewer documentation and calculations, enabling small businesses to maintain their workforce amid economic challenges. The difference between the forms lies in the calculations you need to do. EIDL Advance Amount: If the Borrower received an Economic Injury Disaster Loan (EIDL) advance, enter the amount. If your loan isgreater than $150,000andboth(a )or(bbelowar etru, you should use Form 3508EZ and follow our PPP Forgiveness Step-by-Step for Form 3508EZ. Draw 1 Forgiveness Customer Portal (3508EZ) Picking an Application Type. Checklist for Using SBA Form 3508EZ Paycheck Protection Program . The video provides easy to und PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS. If this application is being submitted for a First Draw PPP Loan approved on or before August 8, 2020 and the Borrower is Unfortunately, Form 3508EZ eligibility has nothing to do with the loan amount, and therefore can only be used in specific situations. Instructions for PPP Loan Forgiveness Application Form 3508S, Form 3508EZ, and Form 3508 including details on required documents, can be found on the following pages: PPP Loan Forgiveness Application Form 3508S (for loans of $150,000 or less) SBA 3508S PPP Loan Forgiveness Application & Instructions. The EZ Form still requires the borrower to do calculations, provide documentation, but not as much as compared to the full form, and certification. on . Borrowers with loans of $150,000 or less should use the new, streamlined SBA Form 3508S. Paycheck Protection Program PPP Loan Forgiveness Application Form 3508EZ Revised January 19, 2021 SBA Form 3508EZ (01/21) Page 2 OMB Control No. Do not submit this Checklist with your SBA Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. Youdidnotreduceannual salary or hourly Form 3508 and Form 3508EZ both noted that for a second draw PPP Loan in excess of $150,000, borrowers must submit a loan forgiveness application for the first draw PPP Loan before or simultaneously with the loan forgiveness application for the second draw PPP Loan, even if the calculated amount of forgiveness on the first draw PPP loan is zero. Please refer to the 3508EZ Application Instructions for details. First Draw PPP Loan or Second Draw PPP Loan: Select the box that describes the PPP loan that this forgiveness application is for. For many time periods, 2 Which form should I use? 1. This application has the following components: (1) PPP Loan Forgiveness Application Form 3508EZ (2) the (optional) PPP Borrower Demographic Information Form Instructions for PPP Loan Forgiveness Application Form 3508S, Form 3508EZ, and Form 3508 including details on required documents, can be found on the following pages: PPP Loan Forgiveness Application Form 3508S (for loans of $150,000 or less) SBA 3508S PPP Loan Forgiveness Application & Instructions. Download the free Acrobat Reader here , to properly complete your application and take advantage of the PPP Forgiveness calculator built into the 3508EZ Loan Forgiveness Application. Once your application is considered complete, Wells Fargo has 60 days to review your application, including documents, and submit your loan forgiveness application to the SBA. Use Fill to complete blank online DEPARTMENT OF THE TREASURY - OCIO (DC) pdf forms for free. If this application is being submitted for a First Draw PPP Loan approved on or before August 8, 2020 and the Borrower is PPP Forgiveness Application Step by Step: 3508EZ Updated December 3, 2020 Table of Contents your application without submitting it, and do not have to complete the entire application in one sitting. If you have W-2 employees, take a look at the PPP Forgiveness Application Form 3508EZ and see whether you would qualify to use that form by answering the questions in the section titled “Who Can Use This Form?” If so, use this form to help you calculate your forgiveness. A. 2. Do not submit this Checklist with your SBA 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. : 3245-0407 Expiration Date: 7/31/2021. PPP Forgiveness Application 3508EZ ( Revised 06. • Our online forgiveness application will identify the documents that you need to provide. Employees at Time of Loan Application/Employees at Time of Forgiveness Application. What You Need to Know Application Types: Form 3508 or 3508EZ In this section, it will be determined whether or not you are eligible to complete the EZ However, this article is exclusively dedicated to the three forgiveness application forms available. Existing borrowers may be eligible for PPP loan 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. Consider using this form if your loan is $150,000 or less. Borrowers can use the SBA Form 3508EZ application if they meet at least one of the PPP Loan Forgiveness Application Form 3508EZ Revised January Paycheck Protection Program 19, 2021 OMB Control No. Loan Draw Forgiveness. Click on . Checklist for Using SBA Form 3508EZ PPP Loan Forgiveness Application Form 3508EZ Revised January Paycheck Protection Program 19, 2021 OMB Control No. PPP Loan Forgiveness Application + Instructions . Small Business Administration) This document is locked as it has been sent for signing. You can find the option to save (“Finish Later”) on For 3508 or 3508EZ applications, a dedicated associate or relationship manager will review your application and work with you to ensure everything is complete and processed efficiently. Form 3508EZ. You are a self-employed individual, an independent contractor, or a sole proprietor who had no employees when you applied for the PPP loan and did not include any employee salaries in calculating average monthly payroll. Youdidnotreduceannual salary or hourly instructions for completing the online SBA Form 3508EZ via EagleBank’s Online PPP Portal. Once your application is considered complete, Wells Fargo has 60 days to review your application, including documents, and submit your loan forgiveness If this application is being submitted for a Second Draw PPP Loan, the Borrower used all First Draw PPP Loan amounts on eligible expenses prior to disbursement of the Second Draw PPP Loan. to any one of PPP Loan Forgiveness Application Form 3508S OMB Control No. PPP Loan Forgiveness Calculation Form About this document and download. We simplified these three by making the following decision tree to help you determine whether to use the new EZ Application, or the standard Application. SBA PPP Loan Number: Draw 1 Forgiveness Customer Portal (3508EZ) Picking an Application Type. 3508EZ: LOAN FORGIVENESS CHECKLIST Borrower Name: SBA Loan Number: PLEASE READ CAREFULLY BEFORE SUBMITTING YOUR PPP FORGIVENESS APPLICATION Those applying before the end of the covered period should treat the date of forgiveness application as the last day of the covered period. This article will provide you with information on the DA Form 3508, Application for Remission. INSTRUCTIONS • After logging in you will be directed to your . PPP Loan Forgiveness Application Form 3508EZ OMB Control No. Do not submit this Checklist with your SBA Form 3508EZ and S are simplified documents for eligible employers and solopreneurs. If you took out a Paycheck Protection Program loan for $150,000 or less, the SBA instructs you to use the PPP Forgiveness Application Form 3508S when applying for forgiveness. You did not reduce annual salary or hourly wages of any 3508EZ: LOAN FORGIVENESS CHECKLIST Borrower Name: SBA Loan Number: PLEASE READ CAREFULLY BEFORE SUBMITTING YOUR PPP FORGIVENESS APPLICATION Those applying before the end of the covered period should treat the date of forgiveness application as the last day of the covered period. 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. Print Name . Checklist for Using SBA Form 3508EZ 2 Which form should I use? 1. 3245-0407 Expiration date: 12/31/2023 A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $50,000 OR LESS. Consider using this form if you are not eligible for Form 3508S, and you meet one of the two eligibility conditions. . OMB Control No. Originally this form was for loans of $50,000 or less but the Economic Aid Act, or “stimulus bill,” raised the limit to $150,000. Fill, download, and print a blank PDF or Word document for your convenience. Do not submit this Checklist with your SBA Form 3508EZ. Please note: you will not need to fill in these forms yourself. On June 16, 2020, the SBA released the new simplified 3508EZ Forgiveness Application. Enter the number of actual employees, not Full-Time Equivalents (FTE). 32450407 Expiration date: 10/31/2020PPP Loan Forgiveness Application Form 3508EZ Business Legal Name (Borrower)DBA or Trade name, if applicableBusiness. Please see the instructions to the applicable PPP loan forgiveness application (3508, 3508EZ, or 3508S) for a list of documents that borrowers must retain, and the amount of time that such documents must be retained. Do not submit this Checklist with your SBA Forms 3508S and 3508EZ are simplified versions of form 3508. Previous Versions of Applications. to any one of PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021 : 01 /31 2022 . Draw 1 Forgiveness Customer Portal (3508EZ) Applying for Forgiveness. Do I have to submit supporting documentation with my loan forgiveness application? Documentation is required to be submitted to support your application in certain PPP Loan Forgiveness Application Form 3508EZ Expiration Date: 10/31/2020 . You can access the application yourself here, though your PPP lender may have a digital copy of this document for you to fill out when it’s time to begin the forgiveness process. _____ The dollar amount for which forgiveness is requested: PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS. 19. Review the PPP Loan Forgiveness Application options. The new guidance allows for a more streamlined application process, and the new and improved Form 3508S caters to borrowers of PPP loans in an amount of $50,000. Do not submit this Checklist with your SBA PPP Loan Forgiveness Application Form 3508EZ OMB Control No. Instructions for PPP Loan Forgiveness Application Form 3508S 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). Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. pdf), Text File (. to any one of SBA Form 3508EZ; SBA Form 3580S; When to Use SBA Form 3580S. 3508EZ Form. You did not reduce annual salary or hourly wages of any SBA Form 3508EZ (06/20) Page 1 . Applications must be submitted in English. APPLICATION DOCUMENTATION GUIDE FOR USE WITH THE 3508EZ APPLICATION The following information has been compiled to help you gather the appropriate documentation in preparation for submitting an application for PPP loan forgiveness. Or you are a corporation, you did not PPP Loan Forgiveness Application Form 3508EZ OMB Control No. B. The 3508S and 3508EZ applications are simplified compared to PPP Loan Forgiveness Application Form 3508EZ . You cannot use one form to 3 Step one: Gather documentation A. ORROWERS . If your loan is $150,000 or less, you should use Form 3508S and follow our PPP Forgiveness Step-by-Step for Form 3508S. • As part of the forgiveness application, you will need to provide documentation verifying the number of full-time equivalent employees on payroll as well as the dollar amounts of payroll costs and nonpayroll costs for which you are seeking forgiveness. Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number : _____ Lender PPP Loan Number: PPP Loan Forgiveness Application Form 3508EZ Revised January Paycheck Protection Program 19, 2021 OMB Control No. It's designed to be more streamlined than the full forgiveness application form 3508. No. the 1. The self-employed can use either simplified version to make applying for PPP loan forgiveness a breeze. 00 or less. The 3508S and 3508EZ applications are simplified compared to PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021 . 3508 vs. Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number : _____ Lender PPP Loan Number: The SBA also released a PPP Loan Forgiveness Application Form 3508EZ (EZ Form) for certain PPP borrowers to use, if eligible. Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number : _____ Lender PPP Loan Number: NAR’s latest video explains how PPP recipients may be eligible for and apply for loan forgiveness if certain criteria are met. INSTRUCTIONS. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. PPP Loan Forgiveness Application Form 3508EZ PPP Loan Forgiveness Application Form 3508EZ OMB Control No. Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number : _____ Lender PPP Loan Number: Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number : _____ Lender PPP Loan Number: We believe almost all of our customers will qualify to use either Form 3508S or Form 3508EZ and are providing tools to assist with the process. Existing borrowers may To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you (the Borrower) must complete this application as directed in these instructions. Date . 6 billion added to New York City’s economy, JPMorganChase is proud to help fuel NYC and sends gratitude to the construction workers who made this possible. 3245-0407. Marketplace. Expiration Date: 1. Request this number from the Lender if necessary. How-To Apply Guide: PPP Forgiveness 3508 EZ Application 2 We’re here to help! This How-To Apply Guide will take you through all the steps you need to take to apply for PPP Loan Forgiveness. F. : 3245-0407 Expiration Date: 7/31/2021 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address ☐ application has been reviewed, you will receive confirmation of the forgiveness amount. portion of the process, you will be asked two qualification questions to determine if you are eligible to use the . SBA PPP Loan Number: Co-author: S. Application Type . Dashboard. : 3245-0407 Expiration Date: 7/31/2021 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address ☐ For 3508 or 3508EZ applications, a dedicated associate or relationship manager will review your application and work with you to ensure everything is complete and processed efficiently. The questions you will be asked in the portal correspond to those asked on SBA Form 3508, SBA Form 3508EZ, or SBA form 3508S. _____ The dollar amount for which forgiveness is requested: Print your application use Form 3508EZ and follow our PPP Forgiveness Step-by-Step for Form 3508EZ: a. Easily complete and download the SBA Form 3508EZ PPP EZ The SBA released the official PPP forgiveness application on its website. Business Legal Name (“Borrower”) DBA or Tradename , if applicable Business Address NAICS Code Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address ☐ Fill Online, Printable, Fillable, Blank PPP Forgiveness Application 3508EZ (Department of the Treasury - OCIO) Form. The 3-sentence summary is: The form collects information about the Draw 2 Forgiveness Customer Portal (3508EZ) Selecting Application. 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 . Do not submit this Checklist with your SBA How to create an electronic signature for a PDF online. General documentation you will need to begin your application A copy of your signed PPP loan note with your SBA PPP loan number Borrower Taxpayer ID – either your Employer Identification Number (EIN) or the last 4 digits of the owner’s Social Security Number (SSN) If you have applied for an SBA Economic Injury Disaster Loan PPP Loan Forgiveness Application Form 3508EZ Revised January Paycheck Protection Program 19, 2021 OMB Control No. option to begin your application for loan forgiveness • SBA Form 3508S Loan Forgiveness Application (Simple) • SBA Form 3508EZ Loan Forgiveness Application (EZ) • SBA Form 3508 Loan Forgiveness Application (Full) Please note that you DO NOT need to fill out these PDF forms and submit to Pursuit. 3508S. : 3245-0407 Expiration Date: 7/31/2021 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address ☐ PPP Loan Forgiveness Application Form 3508EZ SBA Form 3508EZ (06/20) Page 4 . or . initialing . A Borrower that, together with its affiliates, received PPP loans totaling $2 million or greater cannot use this form. Each PPP Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Draw Paycheck Protection Program (PPP) loan, you (the Borrower) may use the Form 3508EZ or the Form 3508S application or complete this application as directed in these instructions, and submit it to your Lender (or the Lender that is servicing your loan). Do not Download a fillable version of SBA Form 3508EZ by clicking the link below or browse more documents and templates provided by the U. option to begin your application for loan forgiveness This 3508EZ PPP Forgiveness Application form may be used by businesses with PPP loans of more than $150,000 who qualify based on SBA requirements we'll discuss in a moment. If your loan is greater than $150,000 and both (a) & (b) below are true, you should use Form 3508EZ and follow our PPP Forgiveness Step-by-Step for Form 3508EZ. Find easy to understand instructions for completing the PPP Loan Forgiveness Application 2 Which form should I use? 1. 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 below. Payroll: Documentation verifying the eligible cash compensation and non-cash benefit payments from the Covered Period or the Now that banks are accepting applications for PPP forgiveness, you may want to know: What form do I need to use for forgiveness??? There's the 3508, 3508EZ, More Detail on who can use the PPP Loan Forgiveness Application 3508EZ. Do not submit this Checklist with your SBA PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021 . st. Do not submit this Checklist with your SBA PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS. 3508EZ Form: Borrowers can apply for forgiveness of your First or Second Draw Paycheck Protection Program (PPP) Loan using SBA Form 3508EZ if your PPP loan amount is more than $150,000 and you can meet at least one of the two criteria below. a. : 3245-0407 Expiration Date: 7/31/2021 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address ☐ Consider checking your QuickBooks ® or your payroll service provider (if applicable) as most have created special forgiveness payroll and FTE reports that include the relevant calculations. Instead, you apply for PPP forgiveness through your PPP lender, likely through an online application portal. Paycheck Protection Program OMB Control No. Apply. For many time periods, you may need to pull PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021 . 1. The information provided in this application and the information provided in all supporting documents and forms is true and correct in all material respects. Apply for loan forgiveness hassle-free. To qualify for the EZ application the employer must attest: The Borrower did not reduce annual salaries, PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021 : 01 /31 2022 . Are you a self-employed individual, independent contractor or sole proprietor who had no employees and did not include any employee salaries in calculating average monthly payroll when you applied for your PPP loan? If YES, use Form 3508EZ. As Form 3508EZ requires less documentation, it also reduces the burden, and potential liability, on lenders in reviewing such PPP forgiveness applications. 2/31/2023 SBA Form 3508EZ (06/20) Page 1 . When to Use SBA Form 3580EZ. You did not reduce annual salary or Draw 1 Forgiveness Customer Portal (3508EZ) Picking an Application Type. Business Legal Name (“Borrower”) DBA or Tradename , if applicable Business Address NAICS Code Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address ☐ The new EZ PPP Loan Forgiveness Application (Form 3508EZ) can be used by borrowers who meet any of the three criteria detailed on page 1 of the EZ Application. Borrowers may also complete this application electronically through their Lender. ORM . Covered Period. If you would To do: To access your forgiveness application, you will need to enter your SBA PPP loan number, and either the business Tax ID or the last 4 digits of the social security number 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. This will make completing your application easier. next to each one. PPP Loan Forgiveness Application Form 3508EZ Revised January Paycheck Protection Program 19, 2021 OMB Control No. to any one of DAFORMS. txt) or read online for free. PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS. 7. pdfFiller is not affiliated with any government PPP Loan Forgiveness Application Form 3508EZ Revised January 19, 2021 SBA Form 3508EZ (01/21) Page 1 . Scott Wick The Treasury released new guidance on October 8 th, 2020, along with Form 3508S, the third version of the PPP Loan Forgiveness Application. ORROWERS. Notes: • If you answer . PPP Loan Forgiveness Application Form 3508EZ . This simple form requires you to provide less information and the processing time may also be shorter than other forms. Our online portal will guide you through the preparation of the form. Do not You (the Borrower) can apply for forgiveness of your First or Second Draw Paycheck Protection Program (PPP) Loan using this SBA Form 3508EZ if your PPP loan Applying for forgiveness using the portal can take as little as 15 minutes. SBA PPP Loan Number: PPP -- Forgiveness Applications and Instructions -- 3508EZ (1. CRBT cannot accept applications without the required supporting documentation. On the . On the Application Type portion of the process, you will be asked two qualification questions to determine if you are eligible to use the 3508EZ Form. Use the Navigation Bar on the left side of the screen. If you only have one PPP loan, select Fi rst Draw PPP Loan. Answer both questions by 3508EZ I. Documents that Each Borrower Must Submit with ts iPPP Loan Forgiveness Application Form 3508EZ PPP Loan Forgiveness Calculation Form 3508EZ . the 2. It looks like I need to pay back some of my 3508EZ Forgiveness Application. OAN . PPP – Loan Forgiveness Application and Instructions for Borrowers who Received a PPP Loan of $150,000 or Less – Form 3508S (5/24/2021) PPP – Loan Forgiveness Application and Instructions – Form 3508EZ (5/24/2021) PPP – Loan Forgiveness Application and Instructions – Form 3508 (5/24/2021) WHO CAN USE FORGIVENESS APPLICATION FORM 3508EZ? NSB BORROWER HELP 1. Pursuant to the Form 3508EZ, PPP Loan Forgiveness Application instructions, borrowers who meet one of the following conditions can use Form 3508EZ for its business forgiveness application: Check out this explanation on how PPP recipients may be eligible for and apply for loan forgiveness if certain criteria are met. The purpose of the PPP Loan Forgiveness Application Form 3508EZ is to allow borrowers to apply for forgiveness of their Paycheck Protection Program loans. SBA Form 3508EZ (01/21) Review the PPP Loan Forgiveness Application options. Checklist for Using SBA Form 3508EZ . If NO, continue to Question 2. Expiration Date: 7/ 31/2021. Accordingly, we would expect most PPP PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ INSTRUCTIONS FOR BORROWERS. This article will discuss the circumstances that call for using PPP 3508EZ vs. A borrower may use this form only if the borrower received a PPP loan of $150,000 or less. PPP L OAN F ORGIVENESS A PPLICATION F ORM 3508EZ I NSTRUCTIONS FOR B ORROWERS. Lender PPP PPP Loan Forgiveness Application Form 3508EZ OMB Control No. PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN, ITIN) Business Phone ( ) - Primary Contact E-mail Address ☐rst Draw PPP Loan Fi ☐ Second Draw PPP Loan (check one) SBA PPP Loan Number: PPP Loan Forgiveness Application Form 3508EZ Revised January Paycheck Protection Program 19, 2021 OMB Control No. Each PPP loan must use a separate loan forgiveness application form. SBA Form 3508EZ (06/20) Page 1 . 3508EZ I. In this article, we show you how to produce the data you are 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. bvmgl lwatxunel aalx jzhprcj opfglwk qvqx pefm pvypl xyhiikg tjblikvk