Treasury, SBA Release New EZ, Revised Full PPP Forgiveness Applications

18 Jun Treasury, SBA Release New EZ, Revised Full PPP Forgiveness Applications

The Small Business Administration (SBA), in consultation with Treasury, has released both a new EZ and revised, full Paycheck Protection Program (PPP) loan forgiveness application.

Both applications give borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or the PPPFA’s extended 24-week covered period, according to Treasury’s June 17 press release. However, the EZ application requires fewer calculations and less documentation for eligible borrowers.

The new “EZ” forgiveness application can be viewed here:  https://home.treasury.gov/system/files/136/PPP-Forgiveness-Application-3508EZ.pdf

The new revised full forgiveness application can be viewed here: https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf