The SBA has issued forms and instructions for PPP loan forgiveness.

To apply for PPP loan forgiveness, please click here for guidance provided by the SBA to assist you with gathering your paperwork for the loan forgiveness process. They have three different form options so please review the instructions before choosing one.

SBA PPP Loan Forgiveness Application

For PPP loans for $50,000 or less, click the button below to download the SBA PPP Loan Forgiveness application with instructions.

SBA Form 3508 S

For your convenience, click on the buttons below to download the two SBA PPP Loan Forgiveness applications with instructions.

SBA Form 3508

Investar is committed to helping small businesses navigate the COVID-19 loan relief options.

As part of the  Coronavirus Aid Relief and Economic Security (CARES) Act recently signed into law, Investar offered the SBA's Paycheck Protection Plan (PPP) loan program. This Program was open to small businesses with less than 500 employees across the United States that have been impacted by the COVID-19 outbreak. The PPP was mainly to keep employees on the payroll and cover other operating expenses such as rent, mortgages and utilities.

About the SBA's PPP

Key points Include, but are not limited to:

  • Eligible applicants include small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), 501(c)(3) non-profit organizations, 501(c)(19) veterans organizations or Tribal businesses
  • Loan forgiveness parameters apply
  • Borrower must certify that funds are not available to make payroll and that this financing is necessary to retain employees
  • Loan interest rate will not exceed 1%
  • Loan amount is 2.5 times monthly payroll from the last year with a limit of $10MM

What you need to know

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing loans toward job retention and certain other expenses. 

Learn the latest by reviewing the U.S. Department of the Treasury website, click here.

Call 866.604.2006 to connect with your Banker.