Paycheck Protection Program (PPP) – Loan Forgiveness

CCDFI’s New PPP Loan Applications are CLOSED

As of 5/12/21, the National Development Council (NDC) is still processing new PPP loan applications. Visit them at: https://ndconline.org/ppp.
Note, this information is subject to change. Clearinghouse CDFI is not affiliated, associated, authorized, endorsed by, or in any way officially connected with NDC.

Loan Forgiveness: Amounts LESS than $150,000

1. Fill out and sign the SBA Form 3508s. Linked here: https://www.sba.gov/document/sba-form-3508s-ppp-3508s-loan-forgiveness-application-instructions.*Please refer to the emails that were sent to you during the processing of your loan to obtain your lender loan number and SBA loan number.

2. If your loan was a 2^nd draw, provide evidence of reduction in gross receipt. Please fill out the PPP Gross Receipts Summary and provide documentation supporting the numbers on the form. You can provide Bank Statements, Tax forms (Schedule C) or a financial statement.

3. Submit the items mentioned above to pppforgiveness@ccdfi.com.

Alternately, if you wish to submit these documents via our customer portal, please email melissaj@ccdfi.com for instructions and to gain access.

Loan Forgiveness: Amounts greater than $150,000

1. Fill out and sign either the SBA Form 3508 EZ or 3508.

• 3508EZ: https://www.sba.gov/document/sba-form-3508ez-ppp-ez-loan-forgiveness-application-instructions
• 3508: https://www.sba.gov/document/sba-form-3508-ppp-loan-forgiveness-application-instructionsEach form has very detailed instructions attached, so you will need to read the instructions and use the form that best suits your situation.  If you are unsure about which form to use, please email pppforgiveness@ccdfi.com and we can help walk you through it.

2. Provide all supporting payroll documentation required as listed on the forms linked above.
3. If your loan was a 2^nd draw, provide evidence of reduction in gross receipt. Please fill out the attached Gross Receipts Summary and provide documentation supporting the numbers on the form. You can provide Bank Statements, Tax forms or a financial statement.
4. Submit the items mentioned above to pppforgiveness@ccdfi.com.

Alternately, if you wish to submit these documents via our customer portal, please email melissaj@ccdfi.com for instructions and to gain access.