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- An applicant must submit the Paycheck Protection Program Second Draw Borrower Application Form (SBA Form 2483-SD), or the lender’s equivalent form, along with relevant payroll documentation. To begin the application process, applicants should call their Small Business Lender, or visit sba.gov to find a Small Business Lender in their area.
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How do I apply for a PPP loan?
How do I apply for a PPP loan forgiveness?
Do I need a loan forgiveness application for a second draw PPP loan?
How will SBA streamline the PPP forgiveness application process?
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. For a Second Draw PPP Loan in excess of $150,000, you must submit a loan forgiveness application for your First Draw PPP Loan before or simultaneously with the loan ...
This form is to be completed by the authorized representative of the Applicant and submitted to your SBA Participating Lender. Submission of Submission of the requested information is required to make a determination regarding eligibility for financial assistance.
SBA Form 2484: PPP Lender Application Form First Draw Loan Guaranty; SBA Form 2484-SD: PPP Lender Application Form Second Draw Loan Guaranty; SBA Form 3506: Lender Agreement (Federally Insured Depository Institutions, Federally Insured Credit Unions, Farm Credit System Institutions)
- How to Apply For PPP Loan Forgiveness
- Can I Apply For A 2nd Round PPP Loan If I Received A Previous PPP Loan?
- Where Can I Apply For A PPP Loan?
- How to Apply For A Paycheck Protection Program (PPP) Loan
- Additional Resources
You must apply for PPP loan forgiveness through your PPP lender as forgiveness is not automatic. When your covered period has ended and/or you’ve finished using your loan proceeds, contact your lender to begin the forgiveness process. While each lender may have different forgiveness processes, these are based on the SBA’s guidance and should includ...
There are many, many, questions from small business owners across America about how the latest relief bill will impact their need for funding. Forgiveness was the big concern of 2021 but a new question has arisen: Can I get a second PPP loan if requirements are met? The answer is YES, with a few caveats. New loans are capped at $2 million, compared...
Let SmartBiz help you apply for a PPP loan. SmartBiz works with small business owners like you every day to help you apply for the funding you need. Since 2013, we’ve specialized in SBA (Small Business Administration) loans. The new round of the Paycheck Protection Program provides continued financial support to help eligible small businesses keep ...
Our streamlined PPP Loan application can help you fill out your application, upload required documents, and submit them to the bank quickly, whether this is your first or second PPP loan. Details include: 1. Loans available up to $2,000,000 2. 1.00% interest rate and no payments for the first 10 months 3. No collateral or guarantee required
The SmartBiz Small Business Blog was created to share important information that impacts small businesses across America. In addition to extensive content on small business funding, SmartBiz blog posts cover marketing, credit scores, sales strategies, hiring, insurance, employee management, and more. Here are recent articles with additional informa...
To apply for forgiveness of your First or Second Draw Paycheck Protection Program (PPP) loan, you (the Borrower) may use the Form 3508EZ or the Form 3508S application or complete this application as directed in these instructions, and submit it to your Lender (or the Lender that is servicing your loan).
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May 27, 2021 · Business owners need to fill out a PPP loan application — SBA Form 2483 for first-draw loans and SBA Form 2483-SD for second-draw loans — and gather all supporting documents. You can...
PPP Loan Forgiveness Application Form 3508S. Paycheck Protection Program OMB Control No. 3245-0407. PPP Loan Forgiveness Application Form 3508S Expiration date: 12/31/2023. BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $50,000 OR LESS.
