PPP Forgiveness Automation

This website is updated with the two new (6/16/2020) PPP Loan Forgiveness Applications (Full Application (instructions) and EZ Application (EZ instructions)).
The SBA continues to update guidelines and although we strive to update this site and formulas as frequently as possible, we do not guarantee the accuracy of any calculations.
Hide

Free PPP Loan Forgiveness Application Calculator & Creator

This application creator was designed specifically for PPP borrowers and advisors.
Intro 1
Intro 2
ApplyForPPP
Our web-based application uses automatic calculations and built-in help wizards to create a downloadable PDF of the completed loan forgiveness application. You are emailed the completed PDF, which you can send, along with supporting documents, directly to your lender.

Simplify The Application

In small print on the bottom of the last page of the Full Application, the Paperwork Reduction Act states “the estimated time for completing this application, including gathering data needed, is 180 minutes”. That’s a conservative estimate.
We’ve simplified this process by creating a smart, user friendly web-version of the application, so you can get back to running your business quickly.
PDF

Example of completed application

Our website emails you a completed loan forgiveness application (Full or EZ), which you can forward to your lender.
Over
4,000
applications created on our system
Over
65,000
jobs retained through our system

Start your application now

Email a secure data file to yourself if you want to finish it later.
Privacy

We Respect Your Data Privacy

To ensure confidentiality and the protection of your personal information, we never save full applications on our database (nor do we request uploads of documentation). But we realize it’s tough to complete this application in one sitting.

Therefore, we allow you to email yourself (or your accountant) partially and fully completed applications with a secure attachment, which can be reopened whenever you revisit this site.

Please view our Privacy Policy for more information on what information we store - just know, we will never share or sell your information.

Info Message

We Created it Because You’re Part of Our Mission

ApplyforPPP.com was created by Reliant Business Valuation, a tech-enabled business valuation and equipment appraisal firm founded in 2010 that serves over 150 SBA lenders around the nation.
We know small business and we know SBA. In late March 2020, due to COVID, we pivoted our technology and created a digital platform to automate PPP applications for our SBA bank clients in the pursuit of our core mission: to build a premier company to guide entrepreneurs who drive our economy.

We Stand Side by Side with Small Business

The automated loan forgiveness application is the first part of our larger digital solution designed to automate the entire PPP application and forgiveness process for lenders.

We’re offering the automated application to borrowers for free in an effort to reduce the financial burden on the small business community as a whole during the COVID pandemic, as well as to spread awareness of Reliant Business Valuation’s tech enabled valuation solutions.

Community Banks processed thousands of PPP applications through ApplyforPPP.com
First Bank of the Lake
FVC Bank
John Marshall Bank

Industry experts and bank associations describe the complexity of the current forgiveness process

Fifty-one state bankers associations today [May 28, 2020] raised concerns that the forgiveness application for PPP loans may be overly burdensome for the nation’s small businesses.
- Letter to Treasury Secretary and Small Business Administration Administrator
"considerable gaps in policy, particularly regarding the forgiveness aspect of PPP, ... has proven to be unnecessarily burdensome for many of the businesses it sought to help."
-Letter to members of Congress from Consumer Bankers Association and the Bank Policy Institute
"In fact, I find the form and its instructions so daunting for most small businesses that I believe that many of them will have to engage and pay a business professional to complete the form for them."
- NAGGL’s President & CEO, Tony Wilkinson, written testimony to the Pandemic Response Accountability Committee
“On the forgiveness application, there’s a lot of math there, it’s intricate. It’s up there with some of the most complicated schedules on tax filings”
- Gregory Fryer, partner at law firm that interprets the PPP guidelines

Testimonials

/
Blaq
When the program first came out, applying for a PPP loan seemed like a daunting task. The paper application left many questions unanswered. The applyforppp.com application helped make the process smooth and helped us get it right in the first submission.
Amit Shah
The Blaq Group LLC
Bowstring
During very stressful times and a period of uncertainty, it was a blessing to work with a lender that was using the applyforppp.com platform. The process was simple, intuitive, and I received my PPP loan within 48 hours. These guys know how to make complex forms easy for main street business to understand. Their smart forms and calculators helped me to apply for a PPP loan in less than 15 minutes.
Enrique Mendoza
Bowstring Studios

Your Questions Answered

The following information will be required for all employees during the Covered Period or Alternative Payroll Covered Period:
  • Salaries paid during your covered period
  • Salaries and/or Hourly wages paid from January 1, 2020 to March 31, 2020
  • Hours worked by employees during the covered period or Alternative Payroll Covered Period
  • Employees who received compensation from the Borrower at an annualized rate of more than $100,000 for any pay period in 2019

The owner compensation that can be claimed for forgiveness for an owner is calculated based on the eight-week equivalent of 2019 compensation. The calculation of owner compensation is based on the following, and is forgivable up to $15,385:

  • Owner-employees are capped by the eight-week equivalent of their 2019 employee cash compensation and employer retirement and health care contributions made on their behalf.
  • Schedule C filers are capped by the eight-week equivalent of their owner compensation replacement, calculated based on net profit.
  • General partners are capped by the eight-week equivalent of their 2019 net earnings from self-employment (reduced by claimed Section 179 expense deduction, unreimbursed partnership expenses, and depletion from oil and gas properties) multiplied by 0.9235.

As per SBA Form 3508, Non Payroll costs eligible for forgiveness consist of:

  • Covered mortgage obligations: payments of interest (not including any prepayment or payment of principal) on any business mortgage obligation on real or personal property incurred before February 15, 2020 (“business mortgage interest payments”);
  • Covered rent obligations: business rent or lease payments pursuant to lease agreements for real or personal property in force before February15, 2020 (“business rent or lease payments”)
  • Covered utility payments: business payments for a service for the distribution of electricity, gas, water, transportation, telephone, or internet access for which service began before February 15, 2020 (“business utility payments”).
  • Bank account statements or third-party payroll service provider reports documenting the amount of cash compensation paid to employees.
  • Tax forms (or equivalent third-party payroll service provider reports) for the periods that overlap with the Covered Period or the Alternative Payroll Covered Period:
    • Payroll tax filings reported, or that will be reported, to the IRS (typically, Form 941).
    • State quarterly business and individual employee wage reporting and unemployment insurance tax filings reported, or that will be reported, to the relevant state.
  • Health Insurance / Retirement Benefits
    • Payment receipts, cancelled checks, or account statements documenting the amount of any employer contributions to employee health insurance and retirement plans that the Borrower included in the forgiveness amount
  • Documentation regarding any employee job offers and refusals, firings for cause, voluntary resignations, and written requests by any employee for reductions in work schedule.
  • Documentation showing (at the election of the Borrower):
    • the average number of FTE employees on payroll per month employed by the Borrower between February 15, 2019 and June 30, 2019;
    • the average number of FTE employees on payroll per month employed by the Borrower between January 1, 2020 and February 29, 2020; or
    • in the case of a seasonal employer, the average number of FTE employees on payroll per week employed by the Borrower between February 15, 2019 and June 30, 2019; between January 1, 2020 and February 29, 2020; or any consecutive twelve-week period between May 1, 2019 and September 15, 2019.

The selected time period must be the same time period selected for purposes of completing PPP Schedule A, line 11. Documents may include payroll tax filings reported, or that will be reported, to the IRS (typically, Form 941) and state quarterly business and individual employee wage reporting and unemployment insurance tax filings reported, or that will be reported, to the relevant state. Documents submitted may cover periods longer than the specific time period.

  • Business mortgage interest payments:
    • Copy of lender amortization schedule and receipts or cancelled checks verifying eligible payments from the Covered Period; or lender account statements from February 2020 and the months of the Covered Period through one month after the end of the Covered Period verifying interest amounts and eligible payments.
  • Business rent or lease payments:
    • Copy of current lease agreement and receipts or cancelled checks verifying eligible payments from the Covered Period; or lessor account statements from February 2020 and from the Covered Period through one month after the end of the Covered Period verifying eligible payments.
  • 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.

As we have made a promise to not store any sensitive information, we will not be facilitating the upload of your documents to the lender. Instead, based on your input in the application, we will create a list of documents you will need to submit to your lender along with the filled out application.

Yes. You will have to sign the filled out application before sending it to your lender. We will be adding the ability to e-sign the document soon for your convenience.
Yes. We realize it’s tough to complete this application in one sitting. Therefore, we allow you to email yourself (or your accountant) partially and fully completed applications with a secure attachment, which can be reopened whenever you revisit this site.
Load more questions
ApplyForPPP
Free PPP Loan Forgiveness Application
Calculator & Creator