how to get ppp loan forgiveness?

[{"selector":"#anim-a45ef04c-ffac-47cd-98ad-4f1ca045f10c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.499999772451451%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Updated July 28, 2021 to include new SBA PPP Direct Forgiveness Portrait The main attraction of the Paycheck Protection (PPP) loan.

In fact, forgiveness turns a loan into a loan.

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To qualify for pardon you need to use your PPP loan appropriately for a period of time

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then apply for a loan with your lender of more than $ 150,000 and directly with your lender.

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or through the SBA PPP Direct Forgiveness website online for a loan of $ 150,000 or less.

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The rules and requests for a pardon have changed over time.

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The latest and simplest form is 3508S and can be used for a loan of $ 150,000 or less.

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However, you still have to calculate your loan debt and keep those records in case your application is reviewed.

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[{"selector":"#anim-3ba49f28-8182-4e1a-a2b2-fe770e527a3d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.499999772451451%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] For that reason, you may want to complete Form 3508EZ or Form 3508 to calculate the waiver, and keep those documents and records with you.