Appealing Loan Forgiveness Decisions Under The Paycheck Protection Program

If you received a loan under the Paycheck Protection Program ("PPP"), you may be thinking about applying for loan forgiveness. Here is a quick guide on how to apply, and what to do if your application is denied.

1) How do I apply for forgiveness of my PPP loan?

• You'll need to submit the right loan forgiveness application (SBA Form 3508, 3508EZ or lender's equivalent) to your lender. Certain borrowers can use the short-form "EZ" application form. Check out our Fact Sheet on the EZ Application to learn more.

• You will also need to submit documents showing how you used your PPP proceeds.  You must keep these types of records for 6 years after your loan is forgiven or repaid in full.