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As of 2025, the SBA has closed new PPP applications, but businesses that received funding in previous rounds can still apply for forgiveness under the latest guidelines. The simplified application process for loans under $150,000 remains in place, reducing paperwork for small businesses seeking forgiveness.
What form do I fill out for PPP forgiveness?
Applying for forgiveness using the portal can take as little as 15 minutes. The questions you will be asked in the portal correspond to those asked on SBA Form 3508, SBA Form 3508EZ, or SBA form 3508S. If you would prefer to work with your lender, lenders can still accept PPP forgiveness applications directly.
What is form 3508 for a PPP loan?
SBA Form 3508 is the document PPP loan borrowers must complete to request loan forgiveness.
How do you know if your PPP loan is being investigated?
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.
Is SBA PPP still available?
The PPP ended on May 31, 2021.
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