PPP Loan Forgiveness FAQs
Where do I find the SBA PPP loan number?
What supporting documents are required when submitting a PPP loan forgiveness request?
How do I know if I qualify to use the forgiveness application form 3508S?
Are borrowers who use the form 3508S exempt from any reductions in the loan forgiveness amount based on reductions in FTE count and/or reductions in salaries or wages?
How do I know if I qualify to use the forgiveness application form 3508EZ?
If I reduced employee count during the covered period but restored a full FTE count by the end of my covered period, do I qualify to use the 3508EZ?
What covered period do I use? 8 weeks or 24 weeks?
Why would I choose the 24 week covered period option vs. the 8 week covered period?
I am self-employed and pay myself via the net income of my business. I do not file 941’s, only a Schedule C with my tax return each year. What supporting documentation am I required to provide for my payroll?
What is the average turnaround time for the SBA to remit my forgiveness payment once you have submitted my forgiveness request to the SBA?