Since then, changes have been made to make PPP loan forgiveness for the self-employed easier to obtain. Forms 3508S and 3508EZ are simplified versions of form 3508. The self-employed can use either simplified version to make applying for PPP loan forgiveness a for forgiveness. Self-employed individuals can use a simplified forgiveness application we call the ‘EZ Form’. This form applies to you as long as you don’t have employees on payroll. If you do have payroll expenses, then you can use the standard forgiveness We expect the big lenders will set up their own online application process, so you may not need to fill out Loan Forgiveness Application Revised June 16, 2020 OMB Control Number 3245-0407 Expiration Date: 1. 2 /3. 1 employee or self-employed individual/general partner, capped at $20,833 per individual; and Borrower’s eligibility for the PPP loan and for loan forgiveness, and that the Borrow er’s failure to …Draw PPP Loan forgiveness application), or (b) Second Draw PPP Loans with an original principal amount of $2 million or of a self-employed individual, general partners, or owner-employees of an S-corporation, because such payments are already included in their ;· Earlier this week, a new EZ application for PPP loan forgiveness (Form 3508EZ) was introduced. It’s only one page and much simpler than the previous application. You can apply for forgiveness with the EZ application if: You are a self-employed individual, independent contractor, or …Guide to PPP Loans for Self-Employed and Contractors | GustoPPP loan forgiveness updates: Eligible costs, owner Self-Employed Guide to the PPP Forgiveness Application How PPP Loan Forgiveness Works for the Self-Employed 6/16/2020 · Paycheck Protection Program (PPP) EZ Loan Forgiveness Application Form1/13/2021 · Update on the PPP loan forgiveness application The SBA and US Treasury released a new, simpler forgiveness application Form 3508S for PPP borrowers who have loans of up to $50,000 - either employer or self-employed. Update on the PPP loan forgiveness applicationThe SBA and US Treasury released a new, simpler application Form 3508S for PPP borrowers who have loans of up to $50,000 - …8/26/2020 · Eligibility for the EZ application form: SBA confirmed that “sole proprietors, independent contractors, and self-employed individuals who had no employees at the time of the PPP loan application and did not include any employee salaries in the computation of average monthly payroll in the Borrower Application Form” automatically qualify to 1/19/2021 · To qualify for a PPP loan, your business needs to meet the following criteria: Your business was in operation as of February 15, 2020. You have 500 or fewer employees. You’re an independent contractor, sole proprietor, self-employed individual, or business partner (though only one PPP application can be submitted per partnership).

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