How To Achieve 100% Forgiveness on the PPP Loan!
So you have received the PPP loan for your business to ensure your business survives during the pandemic. Great! However, you now have another predicament, how are you going to figure out how to obtain 100% forgiveness on the PPP loan? There is a PPP Loan Forgiveness Application Form 3508EZ, that you could fill out to achieve loan forgiveness, but you need to make sure you're eligible to apply for loan forgiveness using this form. There is a lot of information you would have to put down on it that will ask for:
SBA PPP Loan Number & Lender PPP Loan Number
PPP Loan Amount
PPP Loan Disbursement Date
Employees at Time of Loan Application & Employees at Time of Forgiveness application
EIDL Advance Amount
And more!
Don't worry, we know this could get extremely overwhelming so we have a video that will help you out!
If you need help understanding the Form 3508EZ or other application forms, please be sure to watch this video and if you have more questions, please call us at (832) 295-3353. You may also set up an appointment with us at https://xqcpa-bookme.acuityscheduling.com/schedule.php.
