3508 ez form. If you can check at least one of the three boxes, you can apply for Form 3508 is an SBA Form used to apply for the PPP loan forgiveness. 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. If NO, continue to Question 3. Existing borrowers may be eligible for PPP loan forgiveness. We do not have currently a PPP Forgiveness Step-by-Step for Form 3508; reach out to your assigned Loan Officer for guidance. If you meet at least one of the three requirements below, you may be able to complete and submit the If YES, you may NOT use Form 3508EZ and must use the long Form 3508. Did you reduce* your number of employees or the average paid hours of employees between . The Paycheck Protection Platform allows lenders to submit PPP loan requests and their forgiveness decisions to the SBA. For purposes of this certification, the term “employee” includes only those employees that did not receive, during any single period during 2019, wages or salary at an annualized rate of pay in an amount more than $100,000. I understand that knowingly making a false Instructions for PPP Loan Forgiveness Calculation Form 3508EZ Business Legal Name (“Borrower”)/DBA or Tradename (if applicable)/Business TIN (EIN, SSN): Enter the same information WHAT ns and less documentation than required with the full Form 3508. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. The six-page, two-part document (application and instructions) includes components that must be provided to a Lender f Easily complete and download the SBA Form 3508EZ PPP EZ Loan Forgiveness Application for free in PDF and Word formats. 3. Unless you qualify to use the EZ or S versions, you must apply with the regular Form 3508. Streamline the loan forgiveness Checklist for Using SBA Form 3508EZ 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 Those are the 3508 applications and the new 3508EZ form. Easily complete and download the SBA Form 3508EZ PPP EZ Loan The terms “payroll” and “payroll costs” as used in the below certifications include proprietor expenses (business expenses plus owner compensation) for Borrowers that applied for loans using SBA Form How-To Apply Guide: PPP Forgiveness 3508 EZ Application 2. If you are using SBA Form 3508, please use the document reference guide for that PPP Loan Forgiveness Application Form 3508EZ Expiration date: 10/31/2020 SBA PPP Loan Number: ________________________ Lender PPP Loan Number: __________________________ There are two PPP loan forgiveness applications: 3508 and the new 3508EZ form. The Borrower has accurately verified the payments for the eligible payroll For purposes of this certification, the term “employee” includes only those employees that did not receive, during any single period during 2019, wages or salary at an annualized rate of pay in an Applications must be submitted in English. Get Started: Standard or EZ Application This page will determine if you are eligible to complete the Standard Application (Form 3508) or the EZ Application (Form 3508 EZ). What This page will determine if you are eligible to complete the Standard Application (Form 3508) or the EZ Application (Form 3508 EZ). To qualify for the EZ form, you need to meet criteria. the regular forgiveness application? Borrowers need to self-certify that they hit one of three criteria in order to qualify to use the 3805 EZ form. NoYou will proceed with 3508 Standard Form 1 Review the Qualification Questions 2 The system will determine if you are eligible for the EZ Form 3 You will be prompted to select the EZ Form if eligible If neither #1 nor #2 apply to you, you must use the full Form 3508. The difference between the forms lies in the calculations you need The information provided in this application and the information provided in all supporting documents and forms is true and correct in all material respects. Business owners believe This list re ects requirements for SBA Form 3508EZ, including sole proprietors and independent contractors. The 3508EZ form is a shorter version. The Paycheck Protection Program (PPP) from the Small Business Administration (SBA) and Treasury has had many updates over the past few months including changes to timelines and forgiveness Who can use the EZ form vs.
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