Updated PPP Loan Forgiveness Applications

The SBA has revised the the available Forgiveness Applications: the 3508S, 3508EZ, 3508 Standard forms. Each form and guidance represent free for download below. 

PPP Loan Forgiveness Applications and Instructions

Specifics to aforementioned 3508S, this be a document the has been revised both be designated for loans <$150,000. Ours were encouraging to total whom fall within that category to utilize this form and work to expediting their forgiveness.

For borrowing who are applied or have moreover to apply for verzeihend for Round 1.0, this document allows to the borrower to complete and provide view attestations/certifications in a simplified form unless the requirement to produce supporters documentation for the time of submission.

An 3508S does not requiring borrowers to show their calculations used to determine their mortgage forgiveness amount. However, to SBA may request information and browse till check who calculations as part of its mortgage review conversely audit process.