The rules around forgiveness of PPP loans are changing. Click here to download the official U.S. Small Business Administration Form 3508 PPP Forgiveness Application. Pages 1-2: These two pages include a summary of the application, breaking it into 4 components: The PPP Loan Forgiveness Calculation Form; PPP Schedule A; The PPP Schedule A Worksheet The (optional) PPP Borrower Demographic Information Form If you’re ready to start: Download a blank version of SBA.com®’s Loan Forgiveness Calculator here. The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. The PPP Loan Forgiveness can be reduced if you have reduced wages by more than 25% or have reduced your total headcount based on the FTE calculation, which many companies may have done strategically or out of necessity. The SBA recently released the PPP loan forgiveness application.. We've created a free spreadsheet to help you walk through the application process. Editor’s note: Regulations and guidance from the SBA and the U.S. Department of Treasury on the PPP are evolving rapidly.Please refer to the latest guidance from SBA and Treasury to confirm current program rules and how they apply to your particular situation.. In this guide, we explain each section and walk you through exactly how to fill out this form to get your loan forgiven. The excel spreadsheet was built to help businesses manage through the SBA’s Paycheck Protection Program (PPP). For example, the SBA wrote, a borrower with a covered period that ends Oct. 30, 2020, has until Aug. 30, 2021, to apply for forgiveness before loan repayment begins. The Safe Harbor calculation provides a secondary path to increasing your PPP Loan forgiveness potential. To download SBA.com®’s Loan Forgiveness Calculator, you will need Microsoft Excel or similar spreadsheet program that is able to open .XLSX files. The SBA placed the expiration date in the upper-right corner of the PPP loan forgiveness application forms to comply with the Paperwork Reduction Act. But it’s not the simplest form to fill out. The certification documentation provided in the worksheets above allows you to document how and why the PPP loan funds were considered necessary for your company. Paycheck Protection Program (PPP) EZ Loan Forgiveness Application Form The workbook is broken out into multiple tabs that you will have to click through to complete. Calculating your Forgiveness Amount Form 3508S for PPP Loans Under $50,000 - Excel spreadsheet About the Author(s) Bill Cunningham is a SCORE Rhode Island mentor and workshop instructor, focusing on business models, business planning, and QuickBooks Online. On May 18, the SBA released the official form you’ll need to fill out in order to apply for forgiveness on your PPP loan, also known as SBA Form 3508. download the ppp loan forgiveness templates Last week, the Treasury issued an FAQ to provide a recovery period to public companies that took PPP loans when they had adequate resources. The calculator is based on existing PPP guidance from the Department of Treasury and Small Business Administration (SBA), as well as additional recommendations added by the AICPA. The American Institute of CPAs (AICPA) has created a loan forgiveness calculator (excel spreadsheet download) for the Paycheck Protection Program (PPP) to help resolve outstanding issues with the process.. This document is to be shared with anyone who needs a simple tool, and walk-through instructions, for calculating loan forgiveness. Fill out the form to get our free loan forgiveness calculator spreadsheet, including: DWH staff is available for further support. 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