PPP Loan Forgiveness

 

How to Apply for Loan Forgiveness:

NEW: if your loan amount is $150,000 or less then you can use the Simplified Forgiveness Application 3508S.

Click Here to download the Simplified Forgiveness Application 3508S.  No supporting documentation required to submit, unless requested by the SBA upon their review for approval.

OR, if you meet the following criteria, use the EZ Forgiveness Application:

  • Are self-employed and have no employees; OR
  • Did not reduce the salaries or wages of employees by more than 25%, and did not reduce the number of hours of employees; OR
  • Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of employees by more than 25%.

Click Here for the EZ Forgiveness Application 3580EZ.  

If your loan amount is over $150,000 then use the 3508EZ application, as long as you meet all the requirements as stated in the instructions.

Click Here for the Long-Form 3508 Loan Forgiveness Application

If your loan amount is over $150,000 and you do not meet the requirements to use the EZ application, then use the Long-Form 3508.

Click Here for the Disclosure of Certain Controlling Interests Form 3508D

Documentation to Submit with Forgiveness Applications 3508 and 3508EZ

Payroll Documentation Examples

Nonpayroll Documentation Examples

Visit www.sba.gov or www.treasury.gov for more information and details, including comprehensive program rules. 

 

SUBMIT YOUR LOAN FORGIVENESS APPLICATION AND DOCUMENTATION BY CLICKING THIS LINK

Email to:  ppp@fnbpasco.com

OR YOU CAN UPLOAD SECURELY HERE

 

 

Please refer back to this page often as we will continue to update it as new guidance becomes available from the SBA and the Department of Treasury.

Last Update 02/19/2021