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What is Form 3508? The PPP provided forgivable loans to businesses impacted by COVID-19. After receiving a PPP loan, borrowers must apply for forgiveness through their lender by filling out the Small Business Administration (SBA) form and providing supporting documents.
Unfortunately, PPP loans in 2022 aren't happening \u2013\u2013 eligibility for the program ended in May 2021 and there are no signs of it coming back. There are other options for securing small business funding besides PPP loans. Read on to learn about your options for how to get the funding you need.
How do you apply for a PPP loan? Business owners need to fill out a PPP loan application \u2014 SBA Form 2483 for first-draw loans and SBA Form 2483-SD for second-draw loans \u2014 and gather all supporting documents. A few fintech companies and online lenders, such as Bluevine, are approved to accept PPP loan applications.
The Paycheck Protection Program (PPP) is no longer accepting applications. Womply is not involved with PPP forgiveness. Please contact your PPP lender for information on their forgiveness process. If your lender has opted-in you can apply via the SBA's direct forgiveness portal.
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