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How to use or fill out PPP Loan Forgiveness Application Released by SBA The ... with DocHub
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Click ‘Get Form’ to open the PPP Loan Forgiveness Application in our editor.
Begin by entering your Business Legal Name, DBA or Tradename, and Business TIN (EIN, SSN) as listed on your Borrower Application Form.
Fill in your Business Address, Phone Number, Primary Contact, and Email Address. Ensure this information matches your previous application unless there have been changes.
Input the SBA PPP Loan Number and Lender PPP Loan Number. If you do not have these numbers, contact your lender for assistance.
Enter the total amount of your PPP loan received and the number of employees at both the time of application and forgiveness request.
Specify the Covered Period for which you are applying for forgiveness. This should align with your loan disbursement date.
Complete the Forgiveness Amount Calculation section by entering eligible payroll costs and nonpayroll costs as instructed in the form.
Start using our platform today to simplify your PPP Loan Forgiveness Application process!
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SBA Has Issued Rules for First Draw, Second Draw, and
Jan 10, 2021 The law reopens the PPP program (through March 31, 2021) to allow First Draw (first-time) loans to businesses that did not receive them in 2020.Read more
PPP loan forgiveness | U.S. Small Business Administration
Oct 3, 2024 All borrowers, regardless of loan size, can use SBAs direct forgiveness portal. Applying for forgiveness using the portal can take as little as 15 minutes.Read more
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