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The Paycheck Protection Program established by the CARES Act, is implemented by the Small Business Administration with support from the Department of the Treasury. This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits.
Paycheck Protection Program: Borrower Application Form Revised March 18, 2021. Applicant Ownership. List all owners of 20% or more of the equity of the Applicant. Attach a separate sheet if necessary. Owner Name Title Ownership % TIN (EIN, SSN, ITIN) Address. PPP Applicant Demographic Information (Optional)
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Paycheck Protection Program Borrower Application Form 3 SBA Form 2483 (04/20) Purpose of this form: This form is to be completed by the authorized representative of the Applicant and submitted to your SBA Participating Lender. Submission of the requested information is required to make a determination regarding eligibility for financial assistance.
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Mar 13, 2024 · PPP loan forgiveness. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Content. Where to apply for loan forgiveness. Review the list of lenders participating in direct forgiveness to determine whether you can use SBA's direct forgiveness portal or must apply through your lender.
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The Small Business Administration (SBA), in consultation with the U.S. Department of the Treasury, has been issuing FAQs1 regarding implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act).
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).
Aug 8, 2023 · March 9, 2021, businesses with fewer than 20 employees were permitted to apply for PPP funding. The formula used to calculate PPP loans was revised to provide more funding for sole proprietors,...