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How to use or fill out Paycheck Protection Program Loan Forgiveness Application Form 3508EZ with DocHub

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Click ‘Get Form’ to open the Paycheck Protection Program Loan Forgiveness Application Form 3508EZ in our platform.
Begin by entering your Business Legal Name, DBA or Tradename, and Business Address in the designated fields. Ensure that this information matches your Borrower Application Form.
Fill in your Business TIN (EIN, SSN), Primary Contact details, and both SBA and Lender PPP Loan Numbers. This is crucial for accurate processing.
Indicate the PPP Loan Amount and Disbursement Date. Next, provide the number of Employees at the time of both the Loan Application and Forgiveness Application.
Select your Payroll Schedule from the options provided. Then, specify your Covered Period dates accurately to ensure compliance.
Complete the Forgiveness Amount Calculation section by entering amounts for Payroll Costs, Business Mortgage Interest Payments, Rent or Lease Payments, and Utility Payments as applicable.
Review all entries for accuracy before signing. Use our editor's features to easily navigate through sections and make adjustments as needed.

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What is Paycheck Protection Program forgiveness?

For Borrowers. Paycheck Protection Program (PPP) borrowers may be eligible for loan forgiveness if the funds were used for eligible payroll costs, payments on business mortgage interest payments, rent, or utilities during either the 8- or 24-week period after disbursement.

Can you still go to jail if your PPP loan was forgiven?

The DOJ can pursue civil charges in cases involving unintentional PPP loan application or forgiveness certification fraud, while intentional PPP loan fraud can lead to criminal prosecution.

Is PPP still accepting applications?

The Small Business Administration (SBA) is no longer accepting Paycheck Protection Program (PPP) loan applications. For the latest information on PPP please visit the SBA website. These FAQs are provided for your convenience. Please be sure to understand and comply with the guidance issued by the SBA.

Can I still apply for PPP loan forgiveness?

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.

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