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Paycheck Protection Program OMB Control No.: 3245-0407
Expiration Date: 01/31/2022
PPP Loan Forgiveness Application Form 3508EZ Revised July 30, 2021
c. Business utility payments: Copy of invoices from February 2020 and those paid during the Covered Period and receipts,
cancelled checks, or account statements verifying those eligible payments.
d. Covered operations expenditures: Copy of invoices, orders, or purchase orders paid during the Covered Period and receipts,
cancelled checks, or account statements verifying those eligible payments.
e. Covered property damage costs: Copy of invoices, orders, or purchase orders paid during the Covered Period and receipts,
cancelled checks, or account statements verifying those eligible payments, and documentation that the costs were related to
property damage and vandalism or looting due to public disturbances that occurred during 2020 and such costs were not
covered by insurance or other compensation.
f. Covered supplier costs: Copy of contracts, orders, or purchase orders in effect at any time before the Covered Period (except
for perishable goods), copy of invoices, orders, or purchase orders paid during the Covered Period and receipts, cancelled
checks, oraccount statements verifying those eligible payments.
g. Covered worker protection expenditures: Copy of invoices, orders, or purchase orders paid during the Covered Period and
receipts, cancelled checks, or account statements verifying those eligible payments, and documentation that the expenditures
were used by the Borrower to comply with applicable COVID-19 guidance during the Covered Period.
Documents that Each Borrower Must Maintain but is Not Required to Submit
Documentation supporting the certification that annual salaries or hourly wages were not reduced by more than 25 percent during the
Covered Period relative to the most recent full quarter before the Covered Period. This documentation must include payroll records
that separately list each employee and show the amounts paid to each employee during the most recent full quarter before the
Covered Period, and the amounts paid to each employee during the Covered Period.
Documentation regarding any employee job offers and refusals, refusals to accept restoration of reductions in hours, firings for cause,
voluntary resignations, written requests by any employee for reductions in work schedule, and any inability to hire similarly qualified
employees for unfilled positions on or before December 31, 2020 (or, for a PPP loan made after December 27, 2020, the last day of
the Covered Period).
Documentation supporting the certification, if applicable, that the Borrower did not reduce the number of employees or the average
paid hours ofemployees between January 1, 2020 and the end of the Covered Period, other than any reductions that arose from an
inability to rehire individuals who were employees on February 15, 2020, if the Borrower was unable to hire similarly qualified
employees for unfilled positions on or before December 31, 2020 (or, for a PPP loan made after December 27, 2020, the last day of
the Covered Period). This documentation must include payroll records that separately list each employee and show the amounts paid
to each employee between January 1, 2020 and the end of the Covered Period.
Documentation supporting the certification, if applicable, that the Borrower was unable to operate between February 15, 2020 and the
end of the Covered Period at the same level of business activity as before February 15, 2020 due to compliance with requirements
established orguidance issued between March 1, 2020 and December 31, 2020 (or, for a PPP loan made after December 27, 2020,
requirements established or guidance issued between March 1, 2020 the last day of the Covered Period) by the Secretary of Health and
Human Services, the Director of the Centers for Disease Control and Prevention, or the Occupational Safety and Health
Administration, related to the maintenance of standards of sanitation, social distancing, or any other work or customer safety
requirement related to COVID-19. This documentation must include copies of the applicable requirements for each borrower location
and relevant borrower financial records.
All records relating to the Borrower’s PPP loan, including documentation submitted with its PPP loan application, documentation
supporting the Borrower’s certifications as to the necessity of the loan request and its eligibility for a PPP loan (including the
Borrower’s gross receipt reduction certification for a Second Draw PPP Loan, if applicable), documentation necessary to support the
Borrower’s loan forgiveness application, and documentation demonstrating the Borrower’s material compliance with PPP
requirements.
Records Retention Requirement: The Borrower must retain all such documentation in its files for six years after the date the loan is
forgiven or repaid infull, and permit authorized representatives of SBA, including representatives of its Office of Inspector General,
to access such files upon request. The Borrower must provide documentation independently to a lender to satisfy relevant Federal,
State, local or other statutory or regulatory requirements or in connection with an SBA loan review or audit.
SBA Form 3508EZ (07/21)
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