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Paycheck Protection Program OMB Control Number 3245- …

Paycheck Protection Program OMB Control Number 3245- 0407 Loan Forgiveness Application Expiration Date: 10/31/2020 SBA Form 3508 (05/20) Page 1 LOAN FORGIVENESS APPLICATION INSTRUCTIONS FOR BORROWERS To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you (the Borrower) must complete this application as directed in these instructions, and submit it to your Lender (or the Lender that is servicing your loan). Borrowers may also complete this application electronically through their Lender. This application has the following components: (1) the PPP Loan Forgiveness Calculation Form; (2) PPP Schedule A; (3) the PPP Schedule A Worksheet; and (4) the (optional) PPP Borrower Demographic information Form.

forgiveness amount was used for payroll costs. For more information, see Interim Final Rule on Paycheck Protection Program posted on April 2, 2020 (85 FR 20811). Line 11: Enter the smallest of lines 8, 9, or 10. Note: If applicable, SBA will deduct EIDL Advance Amounts from the

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To be completed by the following

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