Laws, Rules, Forms, and FAQs
For additional information, including resources for borrower and lenders, please visit the U.S. Department of Treasury Assistance for Small Businesses website, which is continually updated as additional guidance is released.
Coronavirus Aid, Relief and Economic Security (CARES) Act
Paycheck Protection Program Flexibility Act of 2020 (“Flexibility Act”)
Paycheck Protection Program (PPP)
- Top-line Overview of First Draw PPP (1/8/2021)
- Top-line Overview of Second Draw PPP (1/8/2021)
For Borrowers
- Borrower Application Form (revised 1/8/2021)
- Second Draw Borrower Application Form (1/8/2021)
- How to Calculate Maximum Loan Amounts for First Draw PPP Loans and What Documentation to Provide – By Business Type (1/17/2021)
- Second Draw PPP Loans – How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide (1/19/2021)
- PPP Borrower Application Form 508
- Forgiveness Applications
- For borrowers with a loan of more than $50,000 who are not using the EZ application:
- For borrowers who are not required to take a reduction in forgiveness amount based on a reduction of salary or full time employee count:
- PPP – Loan Forgiveness Application and Instructions – Form 3508EZ (Revised 1/19/2021)
- For borrowers with loans $50,000 or less (a borrower that, together with its affiliates, received PPP loans totaling $2m or greater cannot use this form):
- PPP – Loan Forgiveness Application and Instructions – Form 3508S (Revised 1/19/2021)
Economic Injury Disaster Loan (EIDL)
FAQs and Interim Final Rules
- To view a listing of HSE LEGALcurrents addressing these topics, including FAQs, interim final rules, and other updates, please click here.
