PPP First Draw Forgiveness

The documents required to support different categories of costs you can claim on your PPP loan forgiveness application.  For the most up-to-date requirements, visit the US Treasury website.  

Review your PPP Loan Forgiveness Application Options:

Form 3508S

Loan Forgiveness Form S & Instructions

A simple form requiring fewer calculations, may call for less documentation, and does not require you to reduce your loan forgiveness calculations if you have reduced FTE or salaries. Consider using if …  

  • You received a PPP loan of $50,000 or less     AND
  • Have not, together with your affiliates, received PPP loans totaling $2MM or mor

Form 3508EZ

 Loan Forgiveness Form EZ & Instructions

This form allows certain borrowers to use a streamlined forgiveness application, including reduced documentation requirements. Consider using if …

  • You are a self-employed individual, independent contractor, or sole proprietor who had no employees at the time of your PPP loan application and you did not include any employee salaries in the computation of average monthly payroll     OR
  • You did not reduce annual salary or hourly wages of any employee by more than 25% AND did not reduce full-time equivalency (FTE) employees during covered period     OR
  • You did not reduce annual salary or hourly wages of any employee by more than 25% AND were unable to operate at pre-COVID19 levels of business activity during the covered period due to compliance with government standards of sanitation, social distancing, or any other safety requirement related to COVID-19.

Form 3508

Loan Forgiveness Form & Instructions

If you do not use either Form 3508S or Form 3508EZ, you will use Form 3508 to complete your application.

*Please note:

Make sure any numbers you enter in the application match your supporting documents exactly. It’s also important to upload the exact documents required during the application process. Incorrect documents could result in a delay of your application. Incorrect certifications and improper usage of funds could leave amounts unforgiven.