Paycheck Protection Program Loan Forgiveness Application Form ... 2025

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  1. Click ‘Get Form’ to open the Paycheck Protection Program Loan Forgiveness Application Form 3508EZ in the editor.
  2. Begin by entering your Business Legal Name, DBA or Tradename, and Business Address in the designated fields. Ensure that your Business TIN (EIN or SSN) is accurately filled out.
  3. Fill in the Primary Contact details, including phone number and email address, along with your SBA PPP Loan Number and Lender PPP Loan Number.
  4. Indicate the PPP Loan Amount and Disbursement Date. Record the number of employees at both the time of loan application and forgiveness application.
  5. Select your Payroll Schedule from the options provided. Specify the Covered Period and Alternative Payroll Covered Period if applicable.
  6. Complete the Forgiveness Amount Calculation section by entering amounts for Payroll Costs, Business Mortgage Interest Payments, Rent or Lease Payments, and Utility Payments.
  7. Review all certifications at the end of the form carefully. Initial next to each certification statement to confirm accuracy before signing.

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The last PPP draw was in May 2021, and all funds of the PPP program have been depleted. Existing borrowers may be eligible for full loan forgiveness through a loan forgiveness application, including both principal and interest payments. Improperly forgiven paycheck protection loans are considered taxable income.
Contact your PPP Lender and complete the correct form. Your Lender can provide you with either the SBA Form 3508, SBA Form 3508EZ, SBA Form 3508S, or a Lender equivalent. Compile your documentation. Submit the forgiveness form and documentation to your. Continue to communicate with your Lender throughout the.
PPP Simple Forgiveness Journey using Form 3508S. If your PPP loan amount is $150,000 or less, you qualify to file for forgiveness using Form 3508S which is a one-page simplified version of Form 3508.
The Small Business Administration (SBA) is no longer accepting Paycheck Protection Program (PPP) loan applications.
Unfortunately no. Because eligibility for the program ended in May of 2021, no new applications can be submitted for a PPP loan in 2023.

People also ask

In 2022, the U.S. Small Business Administration (SBA) made it clear that new applications for the Paycheck Protection Program (PPP) were no longer being accepted. However, businesses that had received PPP loans in 2020 and 2021 were still eligible for loan forgiveness.
The PPP ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness.

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