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  1. 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.

  2. 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 ...

    • Mat Sorensen
    • Directed IRA & Directed Trust Company
    • CEO & Founder
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  4. 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.

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