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Borrowing Name (Corporation, LLC, or Personal Name for Sole Proprietorship)
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Contact Phone
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Tax ID Number
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Contact First Name
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Contact Last Name
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Contact Email Address:
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NAICS Code
If you do not know your entity NAICS Code, you can look it up here
(
https://www.naics.com/search/
).
The complete NAICS Code is a required field and your application cannot be processed without this information.
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Which PPP loan are you seeking forgiveness on?
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My first PPP loan
My second draw PPP loan
Step 1:Upload Completed PPP Forgiveness Application
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Step 2: This step can be skipped for you first PPP loan, proceed to Step 3
Step 2:
(Required)
Provide documentation that validates a 25% or greater gross revenue decline. This was an eligibility requirement of PPP2 loans.
Your Forgiveness Application cannot be processed without this information. Please respond accordingly:
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I am uploading appropriate documentation for the 25% or greater revenue decline, OR
My loan is greater than $150,000 and I provided proof of a 25% or greater revenue decline at the time of application.
The following are the primary sets of documentation Applicants can provide to substantiate their certification of a 25 percent gross receipts reduction (only one set is required):
• Quarterly financial statements for the entity. If the financial statements are not audited, the Applicant must sign and date the first page of the financial statement and initial all other pages, attesting to their accuracy. If the financial statements do not specifically identify the line item(s) that constitute gross receipts, the Applicant must annotate which line item(s) constitute gross receipts.
• Quarterly or monthly bank statements for the entity showing deposits from the relevant quarters. The Applicant must annotate, if it is not clear, which deposits listed on the bank statement constitute gross receipts (e.g., payments for purchases of goods and services) and which do not (e.g., capital infusions).
• Annual IRS income tax filings of the entity (required if using an annual reference period). If the entity has not yet filed a tax return for 2020, the Applicant must fill out the return forms, compute the relevant gross receipts value (see Question 5), and sign and date the return, attesting that the values that enter into the gross receipts computation are the same values that will be filed on the entity’s tax return Additional information can be found here:
https://home.treasury.gov/system/files/136/Second-Draw-PPP-Loans--How-Calculate-Revenue-Reduction-Maximum-Loan-Amounts-Including-Documentation-Provide1192021.pdf
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Step 3: Was your PPP loan $150,000 or less?
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Yes, my PPP loan was $150,000 or less
No, my PPP loan was greater than $150,000
Completed Form 3508S (PPP Loan Forgiveness Application) is the only documentation that you are required to submit to the bank; however, you should comply with the Records Retention Requirement on Page 4 of the application.
Upload your Payroll Documentation
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Step 4: Supporting documents for business mortgage interest payments. (May not be applicable to your forgiveness application.)
Step 5: Supporting Documentation for business rent or lease payments. This may or may not be applicable for your forgiveness application.
Step 6: Supporting documentation for business utility payments. This may or may not be applicable for your forgiveness application.
Step 7: Any Other supporting documentation can be uploaded here
Other files are suggested. Each file should named differently.
IMPORTANT
: You must
pass the Captcha (your not a robot)
, and then
Click SUBMIT Button
. If you do not
click Submit
then form will not be sent.