Paycheck Protection Program

PPP Forgiveness Information and Resources

Compeer is accepting PPP loan forgiveness applications. Clients will receive an email with a unique link to the SBA Digital Forgiveness Application.

Steps to Complete Digital Forgiveness Applications
Training Videos and SBA Resources

The Treasury and SBA have created resources for borrowers. The following information should be of help to you as you plan what expenses to pay with the PPP loan proceeds and any other actions you need to take to maximize your loan forgiveness. Please carefully read the following documents and guidance:

Please note that the 3508S Form and Instructions will not be available via the online application portal until mid-November 2020. If your PPP loan amount is $50,000 or less, the 3508S form requires fewer calculations and less documentation. 
 
SBA Application for Forgiveness (SBA 3508S)
SBA Application for Forgiveness SBA 3508S Instructions
SBA Application for Forgiveness (SBA 3508)
SBA Application for Forgiveness Instructions
SBA Application for Forgiveness EZ (SBA 3508 EZ)
SBA Application for Forgiveness EZ Instructions  

• If your loan was less than or equal to $50,000 you may use the 3508S version of the SBA Forgiveness Application.
• We suggest you review the “SBA Application for Forgiveness EZ Instructions” to determine if you meet the qualifiers to use the “EZ” Application.
• Review the bottom of page 2 of the “SBA Application for Forgiveness Instructions” document for a Summary of Costs Eligible for Forgiveness.
• Depending on the complexity of your business, the SBA Application for Forgiveness (SBA 3508) may require very detailed records to process your application, specifically pages 4 and 5 of the “SBA Application for Forgiveness Instructions” document.
• It is especially important you carefully review pages 6 and 7 of the “SBA Application for Forgiveness Instructions” document, as it describes the required documentation to forgive the loan.

Questions about the PPP loan program? Please contact [email protected]