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Do I need to submit documentation with form 3508S?

The Borrower is not required to submit the Form 3508 or any related documentation with this forgiveness application. However, SBA may request information and documents to review those calculations as part of its loan review and audit processes.

What is the deadline for PPP loan forgiveness 2022?

When Are Loan Forgiveness Applications Due? Submitted PPP ApplicationPPP Loan DisbursementLoan Forgiveness Application Due9/14/20209/28/20201/12/2022 Sep 7, 2021

Can I use 3508S?

Who can use Form 3508S? If your PPP loan amount was less than $150,000, you can use the forgiveness Form 3508S. However, you are ineligible to use Form 3508S if your business has a contract or agreement of affiliation with other businesses and the PPP loan total across all affiliates is greater than $2 million.

What documents are needed to prove PPP forgiveness?

Account statements, payment receipts or cancelled checks documenting the amount of any employer contributions to employee health insurance and retirement plans included in the forgiveness amount, unless details are included in the third-party payroll service report (if applicable).

Do I need to submit documentation for a 3508S?

The Borrower is not required to submit the Form 3508 or any related documentation with this forgiveness application. However, SBA may request information and documents to review those calculations as part of its loan review and audit processes.

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What do I need to submit with form 3508S?

As with the original Form 3508S, the revised Form 3508S requires that borrowers provide: legal name and dba name, if any; address; business TIN (EIC, SSN); contact information; SBA and lender PPP loan numbers; PPP loan amount; PPP loan funding date;

Do I need to submit documents with 3508S?

The Borrower is not required to submit the Form 3508 or any related documentation with this forgiveness application. However, SBA may request information and documents to review those calculations as part of its loan review and audit processes.

What supporting documents are needed for PPP forgiveness 3508S?

If you use Form 3508S, you do not need to submit any documentation in support of PPP loan forgiveness.

How do I know which form to use for PPP forgiveness?

Borrowers must use Forms 3508 to not just request loan forgiveness, but also to determine the amount of forgiveness. To get your PPP loan forgiven, you must: Use it for eligible expenses (60% of the loan for payroll costs and 40% for mortgage interest, rent, and utility costs)

What documents are needed for 2nd PPP loan forgiveness?

Requirements include: Copies of canceled checks. Bank statements with ACH information. Utility bills. Mortgage statements. Lease agreements. List of all employees on your payroll during the covered period. Evidence that your employees were kept on payroll or rehired upon receiving the loan.

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What do I need to submit with form 3508S?

Do I need to submit documents with 3508S?

What supporting documents are needed for PPP forgiveness 3508S?

How do I know which form to use for PPP forgiveness?

What documents are needed for 2nd PPP loan forgiveness?

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Get the up-to-date form 3508s pdf 2024 now

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Got questions?

Do I need to submit documentation with form 3508S?

What is the deadline for PPP loan forgiveness 2022?

Can I use 3508S?

What documents are needed to prove PPP forgiveness?

Do I need to submit documentation for a 3508S?

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What do I need to submit with form 3508S?

Do I need to submit documents with 3508S?

What supporting documents are needed for PPP forgiveness 3508S?

How do I know which form to use for PPP forgiveness?

What documents are needed for 2nd PPP loan forgiveness?

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