11/03/2021 · The self-employed can use either simplified version to make applying for PPP loan forgiveness a breeze. Please note: you will not need to fill in these forms yourself. Instead, you apply for PPP forgiveness through your PPP lender, likely through an online application portal. Your lender uses these forms to create your apply for loan forgiveness: 1. Contact your PPP lender and complete the correct form: Your lender can provide you with either the SBA Form 3508, SBA Form 3508EZ, SBA Form 3508S, or a lender equivalent. The 3508EZ and the 3508S are shortened versions of the application …13/04/2021 · Applying for forgiveness Self-employed individuals can use a simplified forgiveness application called Form 3508S. This form applies to you if your loan amount is $150,000 or less. If your loan was for more than $150,000, you can use Form 3508EZ so long as you did not reduce your FTE headcount or salaries and wages by more than 25%.11/08/2021 · Step by step instruction on how to apply for your PPP loan forgiveness via the new SBA PPP Direct Forgiveness Portal if you got your PPP loan as a self-employed, independent contractor, sole proprietor, or single-member LLC. This new SBA PPP loan forgiveness portal makes the PPP loan forgiveness application for self-employed ;· The Economic Aid Act (the “stimulus bill”) that passed December 27, 2020 required the SBA to create a simplified one-page PPP loan forgiveness application form. The SBA met that requirement by updating and releasing a new version of the forgiveness application 3508S. There are currently three forgiveness forms: Form 3508Self-Employed Guide to the PPP Forgiveness Application Self-Employed Guide to the PPP Forgiveness Application PPP Loan Forgiveness Application Form: How to Complete It PPP loan forgiveness - SBA
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