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Form 3508s PDF
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People also ask
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What documentation is required with form 3508S?
Covered supplier costs: a copy of contracts, orders, or purchase orders in effect at any time before the covered period (except for perishable goods), copy of invoices, orders, or purchase orders paid during the covered period with corresponding receipts or account statements. -
When can I use form 3508S?
A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $50,000 OR LESS. A Borrower that, together with its affiliates, received PPP loans totaling $2 million or greater cannot use this form. -
Is there a short form for PPP forgiveness?
The SBA also released a PPP Loan Forgiveness Application Form 3508EZ (EZ Form) for certain PPP borrowers to use, if eligible. The EZ Form still requires the borrower to do calculations, provide documentation, but not as much as compared to the full form, and certification. -
How do I fill out a loan forgiveness application 3508S?
In order to successfully fill out Form 3508, you'll need the following information: Your business's legal name, DBA or trade name, and your business EIN or personal Social Security Number. Your business address, phone number, primary contact, and email address. Your SBA PPP Loan Number. The lender's PPP Loan Number. -
Which form to use for PPP forgiveness?
Checklist for Using SBA Form 3508EZ You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using this SBA Form 3508EZ if you can check at least one of the three boxes below. Do not submit this Checklist with your SBA Form 3508EZ. -
How do I fill out PPP loan forgiveness application 3508S?
In order to successfully fill out Form 3508, you'll need the following information: Your business's legal name, DBA or trade name, and your business EIN or personal Social Security Number. Your business address, phone number, primary contact, and email address. Your SBA PPP Loan Number. The lender's PPP Loan Number. -
What documentation is required with Form 3508S?
Covered supplier costs: a copy of contracts, orders, or purchase orders in effect at any time before the covered period (except for perishable goods), copy of invoices, orders, or purchase orders paid during the covered period with corresponding receipts or account statements. -
What documents do I need to submit for PPP loan forgiveness 3508S?
All records relating to the Borrower's PPP loan, including documentation submitted with its PPP loan application, documentation supporting the Borrower's certifications as to its eligibility for a PPP loan, documentation necessary to support the Borrower's loan forgiveness application, and documentation demonstrating ... -
What documents are needed for 2nd PPP loan forgiveness?
To apply for loan forgiveness: Bank account statements or third-party payroll service provider reports documenting the amount of cash compensation paid to employees. Tax forms (or equivalent third-party payroll service provider reports) for the periods that overlap with the Covered Period: -
What is the difference between form 3508 EZ and 3508S?
The difference between the forms lies in the calculations you need to do. Form 3508 requires the most calculations, Form 3508EZ requires less calculations, and Form 3508S is nearly calculation-free (cue the celebration). The form you use depends on certain factors such as: How much you borrowed. -
What is the 3508S form?
You can apply for forgiveness of your First or Second Draw Paycheck Protection Program (PPP) Loan using this SBA Form 3508S only if the loan amount you received from your Lender was $150,000 or less for an individual First or Second Draw PPP Loan.
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