Borrowers which have good PPP Loan greater than $150,000 are required so you can submit possibly Function 3508EZ otherwise Mode 3508 based on certain standards. Delight get in touch with we on otherwise of the calling 773-328-7500 ext. 824 getting advice.

Toward , the economical Help to help you Tough-Strike Small enterprises, Nonprofits, and Venues Work (the economical Help Work) is actually signed towards law. Brand new guidelines comes with terms you to definitely subsequent simplify the new PPP mortgage forgiveness app procedure to possess finance from $150,000 or reduced, in which a borrower signs and you will submits a basic qualification toward lender. The new laws necessitates the SBA to help make a simplified forgiveness application not more than you to definitely web page in total contained in this 24 days out-of enactment on the legislation.

Today we are really not taking SBA PPP Forgiveness apps once we are awaiting more guidance on the SBA.