Pandemic Darlings The pandemic economy, in original documents
Home Court filings SBA PPP

Case docket

U.S. Small Business Administration — Paycheck Protection Program forms and guidance

SBA PPP — 4 court filings in the archive from U.S. Small Business Administration, filed between May 15, 2020 and July 30, 2021.

Case facts

CourtU.S. Small Business Administration
Filings4 public filings
Filed2020-05-15 – 2021-07-30
Original PDFs1 of 4

Case summary

This page collects three documents issued by the U.S. Small Business Administration for the Paycheck Protection Program between May 15, 2020 and July 30, 2021. The first is SBA Form 3508 (05/20), the original Loan Forgiveness Application, with instructions for borrowers, the PPP Loan Forgiveness Calculation Form, PPP Schedule A and its worksheet, and an optional Borrower Demographic Information Form. The second is the Frequently Asked Questions document as of January 29, 2021, which the SBA issues in consultation with the Department of the Treasury. The third is Form 3508S revised July 30, 2021, the short forgiveness form that a borrower may use only if the borrower received a PPP loan of $150,000 or less.

Case at a glance

PartiesIssuing body: the U.S. Small Business Administration; the FAQs are issued in consultation with the U.S. Department of the Treasury. The forms are completed by borrowers and submitted to their lenders
Court and docketAgency documents, no docket. OMB Control Number 3245-0407; SBA Form 3508 (05/20) and SBA Form 3508S revised July 30, 2021
ProgramPaycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act. Form 3508 also asks for any Economic Injury Disaster Loan advance amount and EIDL application number
ClaimsNot applicable. These are program forms and guidance, not pleadings
Disposition or statusSuperseded in part on their face. Form 3508 (05/20) carries an expiration date of October 31, 2020 and the revised Form 3508S an expiration date of January 31, 2022; the FAQ document states that FAQs 1 to 53 were in the process of being revised and did not yet reflect the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act enacted December 27, 2020
Status checked2026-09-23 · against DOJ press releases through 2026-09-22; court docket not yet read

How was forgiveness calculated on the original form?

The calculation form ends with three lines: the modified total, the PPP loan amount, and line 1 divided by 0.75, which the instructions describe as determining whether at least 75 percent of the potential forgiveness amount was used for payroll costs. The forgiveness amount is the smallest of the three, and the SBA deducts any EIDL advance amount.

What does the borrower certify?

Among other things, that the amount requested does not include non-payroll costs in excess of 25 percent, and does not exceed eight weeks' worth of 2019 compensation for any owner-employee or self-employed individual or general partner, capped at $15,385 per individual. The form also states the borrower's understanding that if funds were knowingly used for unauthorised purposes the federal government may pursue recovery of loan amounts or civil or criminal fraud charges.

What weight do the FAQs carry?

The document states that borrowers and lenders may rely on its guidance as the SBA's interpretation of the CARES Act and the PPP Interim Final Rules, and that the U.S. government will not challenge lender PPP actions that conform to that guidance and to the rules in effect at the time.

Summary written from the documents on this page; every sentence is sourced.

Filings

4 public filings from this case, in filing-date order.

  1. Loan Forgiveness Application Form
  2. Interim Final Rule — SBA PPPPDF
  3. Frequently Asked Questions
  4. Loan Forgiveness Application Form (Revised)

Court, dates and docket numbers are as recorded on the filings.

Back to top