What documentation are borrowers who are individuals with self-employment income who file an IRS Form 1040, Schedule C or F required to submit to their lender with their request for loan forgiveness?.Are there caps on the amount of loan forgiveness available for owner-employees and self-employed individuals’ own payroll compensation?.Is Octothe deadline for borrowers to apply for forgiveness? The PPP loan forgiveness application forms (3508, 3508EZ, and 3508S) display an expiration date of in the upper-right corner.If a borrower submits a timely loan forgiveness application, does the borrower have to make any payments on its loan prior to SBA remitting the forgiveness amount, if any?.If a borrower that was eligible for a First Draw PPP Loan files for bankruptcy protection after disbursement of the First Draw PPP Loan, is that borrower eligible to apply for a Second Draw PPP Loan?.If a borrower that was eligible for a First Draw PPP Loan files for bankruptcy protection after disbursement of the First Draw PPP Loan, is that borrower eligible for loan forgiveness of its First Draw PPP Loan?.Can PPP lenders use scanned copies of documents, E-signatures, or Econsents for loan forgiveness applications and loan forgiveness documentation?.Will a borrower’s PPP loan forgiveness amount (pursuant to section 1106 of the CARES Act and SBA’s implementing rules and guidance) be reduced if the borrower laid off an employee, offered to rehire the same employee, but the employee declined the offer?.The amount of forgiveness of a PPP loan depends on the borrower’s payroll costs over an eight-week or 24-week period when does that eight-week or 24-week period begin?.Can my PPP loan be forgiven in whole or in part?.How and when to apply for loan forgiveness.Is Octothe PPP loan forgiveness application deadline? My PPP loan forgiveness application form (3508, 3508EZ, and 3508S) has an expiration date of in the upper-right corner.If I submit my PPP loan forgiveness application within the deadline, do I have to make payments on the loan until the SBA approves my loan forgiveness?.Can I use scanned copies of documents, E-signatures, or Econsents when applying for loan forgiveness?.Which loan forgiveness application should sole proprietors, independent contractors, or self-employed individuals with no employees complete?.How do I apply for PPP loan forgiveness?.When can I apply for PPP loan forgiveness?.How do I verify to my lender and the SBA that I spent my PPP loan on approved expenses? What documentation do I need?.
What if I don’t use 60% of my PPP loan on payroll expenses? Can I still qualify for loan forgiveness?.What counts as payroll costs for PPP loan forgiveness?.
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What are the approved expenses to achieve full PPP loan forgiveness?.I got my First Draw PPP Loan after December 27, 2020, do I still need to restore payroll or headcount to previous levels in order to receive forgiveness?.What if I couldn’t keep my employees, they quit, or refused to be rehired? Can I still qualify for loan forgiveness?.What are the conditions that I need to maintain to receive PPP loan forgiveness?.Do I need my SBA loan number to apply for PPP forgiveness?.
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