WebThe key changes to Form 3508S are as follows: Borrowers with PPP loans of $150,000 (up from $50,000) or less can now use the form. The borrower’s NAICS code is now required. There is a new “check box” to indicate whether the application is for the forgiveness of a First Draw or Second Draw PPP loan. WebThe borrower must complete the Loan Forgiveness Application (SBA Form 3508, 3508EZ, 3508S).Borrowers can submit this documentation directly to the lender (Webster Bank) by visiting our PPP page.The lender will review the application and make a decision regarding loan forgiveness.
Paycheck Protection Program: PPP Loan Forgiveness Application …
WebPPP phải sử dụng một mẫu đơn xin xóa nợ khoản vay riêng. Quý vị không thể sử dụng một mẫu đơn để xin xóa nợ cả Khoản vay PPP Đợt Một và Đợt Hai. Mẫu 3508S của SBA đòi … WebEligible borrowers that received a loan of $150,000 or less should use the SBA PPP Direct Forgiveness Portal which includes the PPP Loan Forgiveness Application Form 3508S. Forms 3508EZ and 3508S require fewer calculations and less documentation for eligible borrowers than the Standard Form 3508. little bird place
How to Fill Out Yours PPP Forgiveness Application Form
WebAug 23, 2024 · Paycheck Protection Program (PPP) Loan Forgiveness. We’re accepting 3508S, 3508EZ and 3508 loan forgiveness applications for First and Second Draw Paycheck Protection Program (PPP) loans until their maturation dates. Check the PPP Dashboard of your online application portal to access your loan forgiveness application. WebDec 9, 2024 · 4) Then, complete your PPP loan forgiveness form 3508S from step 1 with the info from steps 2 and 3. 5) Finally, send the application to QuickBooks Capita, Attn: PPP Loan Forgiveness Processing, 2700 Coast Avenue, Mountain View, CA 94043. Note: Cross River Bank is the lender, but Quickbooks Capital is the lender servicing your loan which is … WebFeb 21, 2024 · SBA Form 3508S. Form 3508S is the most straightforward PPP loan forgiveness application to complete. It is only eligible for borrowers with loans of $150,000 or less. This two-page application requires no documentation and few calculations. When you use Form 3508S, no documentation is needed if it is your first PPP loan. little bird play gym