Coleman’s PPP Forgiveness Lender’s Guide
One Time Annual Fee: $489

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This 95 page guide reflects all Congressional, U.S. Treasury, and SBA guidelines on PPP loan forgiveness. It Includes infographics on the PPP forgiveness process, a timeline of PPP forgiveness related events, an overview of the three different PPP forgiveness applications, summaries of each IFR on PPP forgiveness, and copies of the forgiveness forms.

You will learn:

  • PPP Forgiveness Legislative Changes
  • Loan Necessity Questionnaires for $2 Million PPP Loans
  • Tax Issue – IRS: “No Deduction is Allowed”
  • SBA Processing Times – Pending Validation over 90 Days
  • PPP Data
  • Lender Responsibilities who are approving applications
  • PPP Forgiveness Process 3 avenues of forgiveness
  • How to account for EIDL Advances
  • How to Document Payroll Expenses
  • Special Rules for loans over $2,000,000
  • How to calculate forgiveness
  • How to submit the forgiveness application
  • Forgiveness Platform Submission Process
  • SBA Loan Review Overview
  • SBA Forgiveness Payment to Lender

Updated Forgiveness Documents

INTRODUCTION TO FORGIVENSS
The PPP Forgiveness Process
PPP Forgiveness Related Events
Summary of SBA Form 3508
Summary of SBA Form 3508EZ
Summary of SBA Form 3508S
SUMMARY OF PPP FORGIVENESS RELATED GUIDANCE
The CARES Act
IFR #1
IFR #3
Treasury Guidance: How to calculate Maximum Loan Amounts by Business Type
IFR #7
SBA Procedural Notice 5000-20024
IFR #8
IFR #12
IFR #14
IFR #15
IFR #17
IFR #19
IFR #20
IFR #21
IFR #22
SBA Procedural Notice 5000-20038
IFR #23
IFR #24
IFR #25
FAQ on Forgiveness
NECESSITY QUESTIONNAIRES
Introduction
The Loan Review Process
Trade Group Push-Back Against the Loan Necessity Questionnaires

FORGIVENESS FORMS
3508 (UPDATED November, 3, 2020)
3508EZ (UPDATED November, 3, 2020)
3508S (UPDATED November, 3, 2020)
3509 and 3510 Borrower Questionnaire (for loans over $2 million


Coleman’s PPP Forgiveness Lender’s Guide