How can I document my draws as a self-employed person for PPP Loan Forgiveness?
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What would I subsequently use as documentation to request and receive loan forgiveness?
So far, you’ve done everything right, as far as I can see. Assuming you’ve estimated the amount you would normally have received against the amount you borrowed for the loan (you say you’ll fulfill 100% of the use to payroll), when it comes time to request the loan be converted to a grant you’ll want to have ready documents that support what you normally would have been paid by each client (bank statements that show past, regular deposits from each) over a period of time before shutdowns.
The government has created a new form with instructions on how to request the conversion, with more detailed information, but assuming you’re going 100% payroll, you should be able to easily make the application.
Find the form here:
https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf
Your local SBA office can help with any questions on the form and they would be where you’d submit it.
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