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  1. If your loan amount is $150,000 or less, please use SBA Form 3508S. Do not submit this Checklist with your SBA Form 3508EZ. Each PPP loan must use a separate loan forgiveness application form. You cannot use one form to apply for forgiveness of both a First Draw PPP Loan and a Second Draw PPP loan.

  2. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. An applicant may use this form only if the applicant files an IRS Form 1040, Schedule C, and uses gross income to calculate PPP loan amount.

  3. Second Draw Borrower Application Form for Schedule C Filers Using Gross Income (posted 3/3/2021) Economic Injury Disaster Loans In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.

  4. SBA Form 2483 -SD (3/21) 2 Paycheck Protection Program Second Draw Borrower Application Form Revised March 3, 2021 . If questions (1), (2), (4), or (5) are answered “Yes,” the loan will not be approved. Question Yes No 1. Is the Applicant or any owner of the Applicant presently suspended, debarred, proposed for debarment, declared ineligible,

  5. Loan Forgiveness Application Form 3508 Revised July 30, 2021. If this application is being submitted for a Second Draw PPP Loan, the Borrower used all First Draw PPP Loan amounts on eligible expenses prior to disbursement of the Second Draw PPP Loan. The information provided in this application and the information provided in all supporting ...

  6. Second Draw Borrower Application Form for Schedule C Filers Using Gross Income March 3, 2021 OMB Control No.: 3245-0417 Expiration Date: 9/30/2021 AN APPLICANT MAY USE THIS FORM ONLY IF THE APPLICANT FILES AN IRS FORM 1040, SCHEDULE C, AND USES GROSS INCOME TO CALCULATE PPP LOAN AMOUNT Check One: Sole proprietor Independent contractor

  7. For a Second Draw PPP Loan amount greater than $150,000, the applicant must provide documentation substantiating the reduction in gross receipts with its Second Draw Borrower Application Form (SBA Form 2483-SD or lender’s equivalent form). The documentation must support the amounts provided in the application. 7. Question:

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