Paycheck Protection Program: Borrower Application Form Revised January 8, 2021: Fill out & sign online

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SBA 2483 2021	4.8 Satisfied (176 Votes)
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What PPP forgiveness form should I use?

Borrowers may also complete this application electronically through their Lender. If you are unable to check one of the boxes above, you cannot use SBA Form 3508EZ and instead you must apply for forgiveness of your PPP loan using SBA Form 3508.

What is the forgiveness period for the second PPP loan?

Obtaining loan forgiveness Like the first round, second-draw PPP loans are entirely forgivable if the funds are used for approved expenses between the 8-and-24-week \u201ccovered period\u201d and fund disbursement is properly documented.

How many PPP loan forgiveness forms are there?

As of December 26, 2020, there were three forms and three sets of instructions: (a) PPP Loan Forgiveness Application Form 3508EZ (\u201cForm 3508EZ\u201d), and PPP Loan Forgiveness Application Form 3508EZ Instructions for Borrowers/Checklist for Using SBA Form 3508EZ (\u201cForm 3508EZ Instructions\u201d); (b) PPP Loan Forgiveness ...

What if I missed the PPP forgiveness deadline?

Missing the deadline will initiate monthly payments with interest. After the deadline, borrowers may still seek forgiveness up until their loan matures, which could be either two or five years.

Is PPP accepting applications again?

U.S. Bank. U.S. Bank is accepting applications for first and second PPP loans. Existing customers nationwide can apply, as can non-customers located in states with U.S. Bank branches.

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