May 18, 2020

SBA Loan Forgiveness Applications Available | Business Owner Update

Well, we have all been hearing a lot about the Small Business Administration (SBA) loans and the Paycheck Protection Program.

With the end of the quarantine coming in sight, it is time to start thinking about paying the loans back or getting the loans forgiven.


Loan Forgiveness:

The SBA just released the PPP Loan Forgiveness Application with instructions, including a list of documents each borrower must submit with its Forgiveness Calculation, as well as a list of documents that each borrower must maintain but is not required to submit.

The application has:

  • A PPP Loan Forgiveness Calculation Form 
  • A  PPP Schedule A
  • The PPP Schedule A Worksheet
  • An optional PPP Borrower Demographic Information Form

WARNING: All borrowers must submit the PPP Loan Forgiveness Calculation Form, PPP Schedule A and the required documents to their lender.

Here is a link to the Application: https://www.sba.gov/sites/default/files/2020-05/3245-0407%20SBA%20Form%203508%20PPP%20Forgiveness%20Application.pdf

If you have any questions or need any assistance, feel free to give us a call at 212-213-8511

Connect with us

Visit our FacebookVisit our InstagramVisit our TwitterVisit our LinkedInVisit our YouTube channel
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. 
The viewing of this website does not constitute an attorney-client relationship. Attorney Advertising: Prior results DO NOT guarantee similar results.

Copyright © 2024 Pardalis & Nohavicka LLP. All Rights Reserved. Website Designed & Developed by Ruxbo
magnifier linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram