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SBA Form 2483 (2/21) 2 Paycheck Protection Program Borrower Application Form Revised February 1 7, 2021 . If questions (1), (2), (5), or (6) 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,
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 ...
Jan 18, 2021 · Then enter your EIN or Social Security number. (Enter the same number you entered earlier on this form.) Enter your mailing address. Check the appropriate boxes for the rest of the first page of the form. Enter “No” for the first three questions, and “No” for questions 5 and 6 (unless this applies to you).
Apr 6, 2020 · The loan amount is determined by taking your company's average monthly payroll over the prior 12-month period and multiplying that by 2.5. In the end, the amount you will obtain will be 2.5 times ...
SBA is working to streamline the PPP forgiveness application process. Beginning in March 2024, all borrowers applying for forgiveness can use SBA's Direct Forgiveness Portal (DFP). This will ensure a more accessible process for borrowers, no matter loan size. All lenders will be required to decision forgiveness applications received through the ...
Paycheck Protection Program Expiration Date: 9/30/2021. PPP Loan Forgiveness Application Form 3508EZ Revised January 19, 2021. By Signing Below, You Make the Following Representations and Certifications on Behalf of the Borrower: The Authorized Representative of the Borrower certifies to all of the below by.
Mar 25, 2021 · All PPP borrowers, individually or together with their affiliates, that received PPP loans with an original principal amount of $2 million or greater will need to complete an SBA Form 3509 or 3510 Loan Necessity Questionnaire once the SBA notifies us that your loan is under review.
