Your Recordkeeping Requirement
You must keep a copy of your loan and forgiveness applications, including all supporting documentation as specified on page 4 in the Instructions to Form 3508EZ and pages 6-7 in the Instructions to Form 3508. The records must be retained for six (6) years after your loan is forgiven or fully repaid.
None of the information should be construed as legal advice or an assurance that the SBA will agree with the Bank’s standards. If you have any questions regarding your application, please refer to the SBA resources provided on page 2 of this notice and speak with your legal advisor or accountant.