If you received your PPP loan through Building Trades Credit Union, you will need to apply through us as well for your loan forgiven based on SBA requirements. Check out the applications and directions which detail those requirements on this page.
If you would like to file for forgiveness, you will be able to do so using the applications linked on this page. Make sure that you select the correct application for your circumstances. You MUST fill out the application in its entirety and include all necessary documentation in order for Building Trades Credit Union to accept it. We will fill in the SBA Loan Number, Lender PPP Loan Number and the Disbursement Date for you after you send us your application.
For more detailed explanations of the requirements for forgiveness, read our Frequently Asked Questions document in the Resources and Instruction.
Resources and Instruction
- Gather the recommended supporting documents.
- Go to FAQs for more details.
- PPP Loan Forgiveness Application Form 3508EZ Instructions
- PPP-Loan-Forgiveness-Application Form 3508 Instructions
- Guidance issued by the U.S. Small Business Administration (SBA) on June 26, 2020.
PPP Loan Forgiveness Preparedness
Building Trades Credit Union is finalizing the process for accepting and submitting forgiveness applications to the SBA. We suggest you check our website often for updates regarding the application process.
- You can download the application forms on this page, you will either use the regular Form 3508, or Form 3508EZ. The form you use will depend on your circumstances.
- You should use Form 3508EZ if you meet the conditions, otherwise you should use the regular Form 3508. You have time — there is no immediate need to apply for PPP loan forgiveness, you have until the maturity date of your loan to submit an application.
- You will want to wait to submit your PPP loan forgiveness application until you have collected all of your required documents.
Please do not submit either Application at this time.
In the event of any discrepancies between the information on this site and the SBA’s site, please follow official SBA guidance.