To 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 …04/05/2021 · The SBA initially gave self-employed workers a run for their money when it came to loan forgiveness, but new changes to the PPP loan program make it easy for sole proprietors to calculate their forgiveness the Loan Forgiveness Application is received, the Lender has 60 days to submit a decision to the SBA, using the SBA’s Payroll Protection Forgiveness Platform. The SBA has 90 days to make a decisionand remit the forgiveness funds to the lender. If the SBA determines that the borrower was ineligible, the loan will not be eligible for loan09/07/2021 · If you're a sole proprietor or self-employed, apply for PPP loan forgiveness directly through the SBA at or by submitting Form 3508S, 3508EZ or 3508 to your ;· This article now contains the latest PPP loan forgiveness updates from the Small Business Administration (SBA) and Treasury Department, released on January 19, 2021. The latest changes apply to loans of $150,000 or less—the maximum loan amount for most sole proprietors, independent contractors, and self-employed loan forgiveness - SBASelf-Employed Guide to the PPP Forgiveness Application Self-Employed Guide to the PPP Forgiveness Application Self-Employed Guide to the PPP Forgiveness Application 11/08/2021 · This new SBA PPP loan forgiveness portal makes the PPP loan forgiveness application for self-employed faster. If you cannot apply for PPP forgiveness as an independent contractor via the new SBA PPP forgiveness portal then you are going to have to apply for PPP loan forgiveness for self-employed via the bank or lender that provided your PPP loan funds.

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