Paycheck Protection Program

Paycheck Protection Program Loan Forgiveness

PPP Borrowers (Loans under $150,000)

1. Complete SBA Form 3508s (Instructions on pg. 3) 
   • Form 3508s requires fewer calculations and less documentation for eligible Borrowers. No supporting documentation is required to be submitted to bank; however, the SBA may request information and documentation to review those calculations as part of its loan review or audit process. 
2. CLICK HERE to upload completed & signed Forgiveness Application.

PPP Borrowers (Loans over $150,000)

1. Complete SBA Form 3508ez (Instructions on pg. 5) 
2. Compile all supporting documentation for costs included on your forgiveness application into a single consolidated PDF if possible. Examples of acceptable supporting documentation may include:
   1. Copies of payroll summary and/or tax reports filed with the IRS (including tax forms 941, 940, state income, and unemployment tax filing reports).
   2. Any other supporting documentation of non-payroll expenses for mortgage interest, rent, or utilities, such as receipts or cancelled checks.
   3. Statements documenting employer contributions to health insurance premiums and retirement plan funding.
3. CLICK HERE to upload completed & signed Forgiveness Application and all supporting documentation.  

Please reach out to Jake Sharon (jsharon@citizensstatebank.us) or your Business Banker if you have any questions or are in need of assistance!