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What is the form 3508?

SBA Form 3508 is the document PPP loan borrowers must complete to request loan forgiveness.

How to fill out form 3508?

Here are the steps you need to take to fill out the forgiveness calculation form. Step 1: Provide basic business and loan information. Step 2: Confirm your payroll schedule. Step 3: Determine your covered period. Step 4: Confirm whether your loan amount was above $2 million. Step 5: Perform forgiveness amount calculations.

What is form 2483?

SBA Form 2483 (3/21) Paycheck Protection Program. Borrower Application Form Revised March 18, 2021. Purpose of this form: This form is to be completed by the authorized representative of the Applicant and submitted to your SBA Participating Lender.

How to apply for a PPP forgiveness loan?

Direct forgiveness borrowers must use the SBA forgiveness portal. The questions you will be asked in the portal correspond to those asked on SBA form 3508S. For borrowers whose lender is not participating, you must apply through your lender.