Paycheck Protection Program 

 PPP Loan Forgiveness Application Form 3508S 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OMB Control No. 3245-0407 

Expiration date: 12/31/2023

A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $50,000 OR LESS. 

A Borrower that, together with its affiliates, received PPP loans totaling $2 million or greater cannot use this form. 

Business Legal Name (“Borrower”) DBA or Tradename, if applicable 

Business Address Business TIN (EIN, SSN) Business Phone 

( ) -

Primary Contact E-mail Address

SBA PPP Loan Number: ________________________ 

PPP Loan Amount: _____________________________ 

Employees at Time of Loan Application: ___________ 

EIDL Advance Amount: ________________________ 

Forgiveness Amount: ___________________________ 

Lender PPP Loan Number: __________________________ 

PPP Loan Disbursement Date: ________________________ 

Employees at Time of Forgiveness Application: __________ 

EIDL Application Number: __________________________ 

By Signing Below, You Make the Following Representations and Certifications on Behalf of the Borrower: 

The Authorized Representative of the Borrower certifies to all of the below by initialing next to each one. 

_____ The dollar amount for which forgiveness is requested does not exceed the principal amount of the PPP loan and: 

 was used to pay costs that are eligible for forgiveness (payroll costs to retain employees; business mortgage interest

payments; business rent or lease payments; or business utility payments);

 includes payroll costs equal to at least 60% of the forgiveness amount;

 if a 24-week Covered Period applies, does not exceed 2.5 months’ worth of 2019 compensation for any owneremployee or self-employed individual/general partner, capped at $20,833 per individual; and

 if the Borrower has elected an 8-week Covered Period, does not exceed 8 weeks’ worth of 2019 compensation for

any owner-employee or self-employed individual/general partner, capped at $15,385 per individual.

_____ I understand that if the funds were knowingly used for unauthorized purposes, the federal government may pursue recovery of 

loan amounts and/or civil or criminal fraud charges. 

_____ The Borrower has accurately verified the payments for the eligible payroll and nonpayroll costs for which the Borrower is 

requesting forgiveness, and has accurately calculated the forgiveness amount requested. 

_____ I have submitted to the Lender the required documentation verifying payroll costs, the existence of obligations and service (as 

applicable) prior to February 15, 2020, and eligible business mortgage interest payments, business rent or lease payments, and 

business utility payments. 

_____ The information provided in this application and the information provided in all supporting documents and forms is true 

and correct in all material respects. I understand that knowingly making a false statement to obtain forgiveness of an SBAguaranteed loan is punishable under the law, including 18 USC 1001 and 3571 by imprisonment of not more than five years 

and/or a fine of up to $250,000; under 15 USC 645 by imprisonment of not more than two years and/or a fine of not more than 

$5,000; and, if submitted to a Federally insured institution, under 18 USC 1014 by imprisonment of not more than thirty years 

and/or a fine of not more than $1,000,000. 

_____ The tax documents I have submitted to the Lender are consistent with those the Borrower has submitted/will submit to 

the IRS and/or state tax or workforce agency. I also understand, acknowledge, and agree that the Lender can share the 

tax information with SBA’s authorized representatives, including authorized representatives of the SBA Office of 

Inspector General, for the purpose of ensuring compliance with PPP requirements and all SBA reviews. 

_____ I understand, acknowledge, and agree that SBA may request additional information for the purposes of evaluating the 

Borrower’s eligibility for the PPP loan and for loan forgiveness, and that the Borrower’s failure to provide information

requested by SBA may result in a determination that the Borrower was ineligible for the PPP loan or a denial of the 

Borrower’s loan forgiveness application. 

The Borrower’s eligibility for loan forgiveness will be evaluated in accordance with the PPP regulations and guidance issued by SBA 

through the date of this application. SBA may direct a lender to disapprove the Borrower’s loan forgiveness application if SBA

determines that the Borrower was ineligible for the PPP loan. 

_____________________________________________________ ____________________________ 

Signature of Authorized Representative of Borrower Date 

____________________________________________________ ____________________________ 

Print Name Title 

SBA Form 3508S (10/20) 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Paycheck Protection Program 

PPP Loan Forgiveness Application Form 3508S 

PPP Borrower Demographic Information Form (Optional) 

Instructions 

1. Purpose. Veteran/gender/race/ethnicity data is collected for program reporting purposes only.

2. Description. This form requests information about each of the Borrower’s Principals. Add additional sheets if necessary.

3. Definition of Principal. The term “Principal” means:

 For a self-employed individual, independent contractor, or a sole proprietor, the self-employed individual, independent

contractor, or sole proprietor.

 For a partnership, all general partners and all limited partners owning 20% or more of the equity of the Borrower, or any

partner that is involved in the management of the Borrower’s business.

 For a corporation, all owners of 20% or more of the Borrower, and each officer and director.

 For a limited liability company, all members owning 20% or more of the Borrower, and each officer and director.

 Any individual hired by the Borrower to manage the day-to-day operations of the Borrower (“key employee”).

 Any trustor (if the Borrower is owned by a trust).

 For a nonprofit organization, the officers and directors of the Borrower.

4. Principal Name. Insert the full name of the Principal.

5. Position. Identify the Principal’s position; for example, self-employed individual; independent contractor; sole proprietor;

general partner; owner; officer; director; member; or key employee.

Principal Name Position 

Veteran 1=Non-Veteran; 2=Veteran; 3=Service-Disabled Veteran; 4=Spouse of Veteran; X=Not 

Disclosed 

Gender M=Male; F=Female; X=Not Disclosed 

Race (more than 1 

may be selected) 

1=American Indian or Alaska Native; 2=Asian; 3=Black or African-American; 4=Native 

Hawaiian or Pacific Islander; 5=White; X=Not Disclosed 

Ethnicity H=Hispanic or Latino; N=Not Hispanic or Latino; X=Not Disclosed 

Disclosure is voluntary and will have no bearing on the loan forgiveness decision 

Paperwork Reduction Act – You are not required to respond to this collection of information unless it displays a currently valid OMB Control 

Number. The estimated time for completing this application, including gathering data needed, is 15 minutes. Comments about this time or the 

information requested should be sent to Small Business Administration, Director, Records Management Division, 409 3rd St., SW, Washington DC 

20416, and/or SBA Desk Officer, Office of Management and Budget, New Executive Office Building, Washington DC 20503. PLEASE DO NOT 

SEND FORMS TO THESE ADDRESSES. 

SBA Form 3508S (10/20) 

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