SBA PPP Loan Forgiveness

Follow the below steps to apply for PPP Loan forgiveness.

1. Fill out either form 3508S, 3508EZ or 3508. Check to see which form you should fill out below.

The 3508EZ and the 3508S are shortened versions of the application for borrowers who meet specific requirements.

A BORROWER MAY USE FORM 3508S IF THE BORROWER RECEIVED A PPP LOAN OF $150,000 OR LESS

> Paycheck Protection Program PPP Loan Forgiveness Application Form 3508S

Revised January 19, 2021

Borrowers may use SBA Form 3508EZ if the PPP loan amount is more than $150,000 AND borrower did not reduce employee levels, wages or hours.

> Paycheck Protection Program PPP Loan Forgiveness Application Form 3508EZ

Check page 5 of the above form for a complete checklist of qualifications to use Form 3508EZ. Revised January 19, 2021

Borrowers may use Form 3508 if they do not qualify for Form 3508EZ or 3508S.

> Paycheck Protection Program Loan Forgiveness Application Form 3508

Revised January 19, 2021

2. Give your designated representative a call, you should have received an email with their contact information.

If you don't have your representatives contact information just give us a call at 315-568-5855 and we will direct your call to the appropriate person.

3. Email the forgiveness application to paycheck.protection@mygenbank.com

**Please keep in mind:

All required fields on the application must be entered.
The application plus all the required documents specified in the instructions need to be submitted at the same time.

Call your Generations Representative if you have questions while filling out the application.

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