Paycheck Protection Program Loan Forgiveness Application Form (2020) (2)

Use a Paycheck Protection Program Loan Forgiveness Application Form 2020 template to make your document workflow more streamlined.

What this forgiveness application does

The Paycheck Protection Program Loan Forgiveness Application Form (2020) (2) is a borrower’s application for forgiveness of an eligible PPP loan. It records the borrower’s identifying information, loan details, covered-period expenses, payroll and nonpayroll calculations, forgiveness amount, certifications, and authorized signature. A borrower completes the applicable sections, attaches supporting records requested by the lender, and submits the signed package through the lender’s process. signNow can prepare the PDF, detect fillable fields, route it to authorized signers, capture an Audit Trail, and store the completed record; lender acceptance remains governed by the applicable PPP and lender requirements.

Businesses that use this application

The form serves PPP borrowers and their authorized representatives who must document eligible expenses and support a lender’s forgiveness review.

A sole proprietor can organize the borrower information, loan number, eligible expense calculations, and authorized certification in one reviewable application package.
A small employer can coordinate payroll reconciliation, owner review, authorized signing, lender delivery, and Audit Trail preservation without exchanging multiple paper copies.
A multi-location enterprise can standardize the 2020 application template, assign finance and legal permissions, and preserve each borrower package in a controlled repository.

Field preparation

Upload the 2020 forgiveness PDF and review automatically detected fields before entering borrower, loan, expense, calculation, and certification information.

Signer routing

Route the prepared application to an authorized borrower representative, lender contact, or internal reviewer without creating duplicate paper copies.

Audit Trail

Capture timestamps, signer actions, and completion history so the final application has supporting execution evidence alongside its financial records.

Reusable template

Use templates for recurring borrower packages while preserving the form’s required 2020 structure and organization-specific review controls.

Encrypted records

Keep payroll-related application records protected with AES-256 at rest and TLS 1.2/1.3 in transit.

Evidence export

Export the signed PDF and Audit Trail together for lender correspondence, internal review, and documented archival.

Complete the application in signNow

Prepare the 2020 PPP forgiveness application in sequence, checking each amount against the borrower’s supporting records before signature.

Upload form:
Upload the 2020 PPP forgiveness PDF to signNow.
Check fields:
Review automatically detected fields and add missing fields.
Complete details:
Enter borrower, loan, expense, and certification information.
Send to signer:
Send the application to the authorized signer.
Sign and archive:
Review, e-sign, and export the Audit Trail.

Setting	Recommendation
Authentication method	Email link with SMS OTP
Signature type	Typed or drawn electronic signature
Audit trail	Export the completed Audit Trail
Document retention	Apply the longest applicable record rule
Encryption	AES-256 at rest and TLS 1.2/1.3 in transit

Use the signNow web app to upload the 2020 forgiveness PDF, review detected fields, and prepare the borrower’s information on a desktop workflow.
Use the signNow mobile app when an authorized borrower representative needs to review or sign the prepared application away from the office.
Use kiosk mode for supervised signing only when the organization controls the device, signer handoff, and privacy of payroll-related information.
Use a shareable signing link for a controlled signer invitation, after confirming recipient identity and avoiding public distribution of the application.

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Authenticate signer:

Records the signer’s authentication event and associated identity details.

Capture timestamps:

Captures signing time, access time, and each recorded action.

Record document history:

Associates the completed document with integrity evidence and document history.

Seal completion:

Preserves a tamper-evident completion record after all required signatures.

Review audit events:

Shows signer actions, field changes, and completion status for review.

Export evidence:

Exports the Audit Trail with the signed application for archival.

Protect the forgiveness application record

Stored data:

Encrypts stored records with AES-256

Data in transit:

Protects connections with TLS 1.2/1.3

SOC 2 Type II:

Provides a SOC 2 Type II report

ISO 27001:

Maintains ISO 27001 certification

HIPAA controls:

Supports HIPAA workflows with BAA

ESIGN and UETA:

Supports ESIGN and UETA compliance

Find and fill out the correct paycheck protection program loan forgiveness application form

airSlate SignNow helps you fill in and sign documents in minutes, error-free. Choose the correct version of the editable PDF form from the list and get started filling it out.

Versions	Form popularity	Fillable & printable
SBA 3508 2021	4.6 Satisfied (79 Votes)
SBA 3508 2020	4.8 Satisfied (1624 Votes)
SBA 3508 2020	4.7 Satisfied (496 Votes)

Connect forgiveness records to business systems

Connect the application workflow with Salesforce, NetSuite, Google Drive, Box, Microsoft 365, or other signNow integrations to route evidence and preserve completed records.

Platform requirements for the application

Prepare the Paycheck Protection Program Loan Forgiveness Application Form (2020) (2) in Chrome, Firefox, Safari, or Edge on Windows or macOS. signNow also provides iOS and Android mobile apps for reviewing and signing the prepared document. Use a current browser and a secure connection when handling payroll and loan records.

Browsers Chrome, Firefox, Safari, and Edge
Desktop systems Windows and macOS desktop workflows
Mobile apps iOS and Android signNow apps

Organizations handling multiple borrower packages should manage devices, user permissions, and storage destinations centrally. Confirm that finance and legal users can access the template without exposing completed applications broadly. Where integrations or automated routing are required, review the available signNow plan and configure access before inviting authorized signers.

Protect the completed forgiveness record

A complete evidence package connects the signed application with calculations, approvals, and a defensible retention decision.

Keep supporting records with the signed application

Keep the completed application, payroll records, bank statements, and supporting calculations together. Because no PPP-specific retention period is supplied here, apply the longest applicable federal, state, lender, or tax-record requirement and document the rationale.

Export the Audit Trail after completion

Export the signNow Audit Trail after every completed application and preserve it with the final PDF. The export should show signer identity, timestamps, actions, and completion evidence so the business can explain how the application was executed without relying solely on platform access.

Limit access to payroll and lender records

Restrict access to authorized finance, legal, and executive personnel, especially where payroll or taxpayer information appears. Use role-based permissions, avoid public links for sensitive files, and review sharing permissions before sending the application to a lender.

Archive the complete evidence package securely

Store the application and audit evidence in an encrypted, access-controlled repository with a documented retention date. Preserve the original signed file, downloaded audit record, source calculations, and any lender correspondence in a readable format.

Retention periods for supporting records

The forgiveness form itself has no retention period supplied here, so retain each supporting record under the rule that actually governs its contents.

At least 3 years for tax records

Apply the federal tax-record rule in IRC §6501(a) when the application supports a tax position; six years applies when 25% or more income is understated.

At least 3 years for payroll

Retain payroll records for at least three years under 29 CFR §516.5 when they support the forgiveness calculation or related wage documentation.

6 years for HIPAA records

Keep employee health information for six years from creation or last effective date under HIPAA 45 CFR §164.530(j), if included.

7 years for SOX records

Retain audit records for seven years under 15 U.S.C. §7245 only when Sarbanes-Oxley applies to the organization or record set.

30 years for exposure records

Keep OSHA exposure records for 30 years under 29 CFR §1910.1020 only when the application package contains covered exposure documentation.

Avoid application errors and disclosure gaps

Entering payroll or covered-period amounts without reconciling them to payroll reports can produce unsupported forgiveness calculations and lender follow-up questions.
Leaving borrower, loan, or certification fields incomplete can delay review because the lender may return the application for correction.
Using a signer without authority to certify the borrower’s information can weaken the application’s attribution and create an internal approval issue.
Sending an unprotected PDF containing payroll or taxpayer information can expose sensitive data to unintended recipients or unauthorized shared-storage users.

Risks from an incomplete application

Lender review delay

Unsupported calculations

Correction request

Missing certification

Attribution dispute

Unauthorized signer

Forgiveness uncertainty

Incomplete evidence

Legal standing of the signed application

A completed PPP forgiveness application can provide an attributable business record when the signer shows intent, consents to electronic records, and the record remains accurate, accessible, and reproducible. ESIGN and applicable UETA rules generally recognize qualifying electronic signatures, while exclusions such as wills and certain court filings remain outside this workflow.

Why teams look for DocuSign alternatives

Troubleshoot the 2020 forgiveness application

Resolve field, signer, plan, submission, and archival issues before sending the completed PPP forgiveness package to its lender.

Upload the original PDF again and confirm that the document is readable before relying on automatic field detection. The signNow editor can identify fillable areas, but borrower calculations and certifications still require human review against source records.

Use signNow’s recipient roles and routing controls to send the application only to the authorized borrower representative. The Business plan includes templates and Audit Trails; authentication strength should match the organization’s approval and risk requirements.

The Business plan is listed at $8 per user per month with annual billing. Business Premium is $15 per user per month annually and adds bulk send. Confirm the selected plan’s capabilities before creating a recurring borrower workflow.

Signers can use signNow’s mobile apps to review and sign the prepared PDF. Confirm that the signer can see every calculation and certification, and retain the completed application and Audit Trail after signing.

signNow supports ESIGN and UETA compliance, but the platform does not decide whether a specific lender accepts electronic delivery. Preserve consent, intent, signer attribution, and a reproducible record, then follow the lender’s submission instructions.

Export the completed Audit Trail and signed PDF together. signNow records signing timestamps and document history, while the borrower should retain payroll, expense, and calculation support under the applicable IRS, lender, and state requirements.

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