FAQ: PPP Loan Forgiveness Documentation

Forgiveness documentation

If you’ve received a PPP loan, you likely have questions about loan forgiveness documentation. This FAQ provides valuable information on commonly asked questions about PPP loan forgiveness documentation.

What documents will I need for forgiveness?

As you pay payroll, rent, utility and mortgage interest costs throughout the 24-week period following your PPP loan, please keep these documents in a secure location in case you need to provide them with your forgiveness application.

Here is additional information on the types of documents you should keep:

  • Payroll costs: Reports from third-party payroll providers, cancelled checks or paystubs
  • Rent: cancelled checks, receipts, or similar documentation showing that rent has been paid
  • Utilities: copies of utility statements and proof of payment
  • Mortgage interest: copies of your mortgage statement and proof of payment

Has Pursuit created a substitute for SBA Form 3508 (loan forgiveness application) yet? When will this happen?

We will be sending targeted invitations to apply for forgiveness based on the size of your loan and funding date. Please wait to hear from us before you apply for forgiveness. You do not need to complete SBA form 3508. Please be patient as the rules continue to evolve.

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