There are three totally different SBA kinds for applying for PPP loan forgiveness: SBA Form 3508, SBA Kind 3508EZ, and SBA Type 3508S. Otherwise, lenders may also have their own non-public kinds. Regardless, the lender who offered the PPP loan will provide the business proprietor with the proper kind upon the enterprise owner’s request.

Do not think bankruptcy fraud goes unpunished. In 2014, actuality-Television stars Joe and Teresa Giudice were sentenced to 3.5 years and 15 months in jail, respectively, for bankruptcy and loan fraud (They pleaded guilty to hiding property from bankruptcy court docket and lying on mortgage and mortgage functions, among other fees) [supply: CNN].

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