To apply for loan forgiveness: 1. Contact your PPP lender and complete the correct form: Your lender can provide you with either the SBA Form 3508, SBA Form 3508EZ, SBA Form 3508S, or a lender equivalent. The 3508EZ and the 3508S are shortened versions of the application …Borrower’sloan forgiveness application. The Borrower’seligibility for loan forgiveness will be evaluated in accordance with the PPP regulations and guidance issued by SBA through the date of this application. SBAmay direct a lender to disapprove the Borrower’sloan forgiveness application if SBA11/03/2021 · The Paycheck Protection Program was introduced in April 2020 and offered fully forgivable loans to the self-employed. Since then, changes have been made to make PPP loan forgiveness for the self-employed easier to obtain. Forms 3508S and 3508EZ are simplified versions of form 3508. The self-employed can use either simplified version to make applying for PPP loan forgiveness a ;· This new SBA PPP loan forgiveness portal makes the PPP loan forgiveness application for self-employed faster. If you cannot apply for PPP forgiveness as an independent contractor via the new SBA PPP forgiveness portal then you are going to have to apply for PPP loan forgiveness for self-employed via the bank or lender that provided your PPP loan ;· To get your loan forgiven as a solopreneur, you can visit SBA's Direct Forgiveness Portal to submit your application (as long as your lender has opted in). After filling out some basic information, most of your loan information will self-populate on the form, and you'll sign it using Loans for Independent Contractors and Self Employed PPP loan forgiveness - SBASelf-Employed Guide to the PPP Forgiveness Application PPP Loan Forgiveness Application Form: How to Complete It 04/05/2021 · PPP Loan Terms for Self-Employed Workers. The PPP loan program’s original rules made it difficult for self-employed workers to qualify for any meaningful size loan, and the payroll ratio requirements made it impossible to receive complete forgiveness on the loans. However, new changes to the program impact how self-employed worker loans are calculated and forgiveness criteria. Maximum PPP Loan …19/05/2020 · The Economic Aid Act (the “stimulus bill”) that passed December 27, 2020 required the SBA to create a simplified one-page PPP loan forgiveness application form. The SBA met that requirement by updating and releasing a new version of the forgiveness application 3508S. There are currently three forgiveness forms: Form 3508

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