Are you an entrepreneur who received a PPP loan of $50,000 or less? Great news! The SBA has a form 3508S which is a more simplified version of the forgiveness application that you can submit.
It’s easier because you no longer have to certify that you didn’t reduce the full-time equivalent or that wages were not reduced by greater than 25%. Again, you still have to apply for forgiveness through your bank with a lender that you submitted your application through and receive the funds from, but it will be a simpler version.
If you need any help filing this forgiveness application, feel free to reach out to us at (310) 534-5577 or email [email protected]. That’s [email protected]. We’re here to help you.
