CARES Act Paycheck Protection Program


UPDATED 7/22/20

SBA Streamlines PPP Forgiveness Application

On Wednesday,  June 17, 2020, the SBA released a three-page “EZ” Paycheck Protection Program loan forgiveness application (Form 3508EZ), requiring less documentation and fewer calculations, for borrowers who meet certain criteria. Borrowers eligible for Form 3508EZ:

  • Have applied for the PPP loan as self-employed, independent contractor, or sole proprietor with no employees.
  • Did not reduce salary or wages for any employee by more than 25%, and did not reduce the number or hours of their employees (except for those who refused an offer to return).
  • Did not reduce salary or wages for any employee by more than 25% during the covered period and experienced reductions in business activity as a result of health directives related to COVID-19.

Updates to the regular SBA Form 3508 were made to reflect the changes made by Congress in the PPP Flexibility Act.

Download Form 3508EZ

Download Form 3508EZ Instructions

Download Revised Form 3508

Download Form 3508 Instructions