The SBA recently launched a direct link to apply for forgiveness for those who qualify to utilize the simplified form 3508S for loans that are under $150,000.
For those members that can NOT use the Direct Forgiveness website, below are the steps to submit forgiveness application:
3 Steps for application submittal:
- Save the Loan Forgiveness application to your computer before filling it out
- Resave after completion
- Upload the Loan Forgiveness application and supporting documents securely using the form below
Standard EZ Application and Instructions:
3508EZ Application- For loans OVER $150,000 with borrowers who are self-employed with no employees OR borrowers who did not reduce employee salaries by more than 25% and did not reduce employee hours.
Upload the Loan Forgiveness application and supporting documents securely using the form below