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Loan. If you are not eligible to use this form, you must apply for forgiveness of your PPP loan using SBA Form 3508 or 3508EZ (or lender’s equivalent form). Each PPP loan must use a separate loan forgiveness application form. You cannot use one form to apply for forgiveness of both a First and Second Draw PPP loan. SBA Form 3508S requires ...
How to apply for forgiveness. Each forgiveness form has unique instructions for documentation that must be submitted with your loan forgiveness application. For detailed instructions, refer to your chosen forgiveness form for clear guidance. For loans of $150,000 and below: SBA form 3508S PPP Loan Forgiveness Application + Instructions.
I will comply, whenever applicable, with the civil rights and other limitations in this form. All loan proceeds will be used only for business-related purposes as specified in the loan application and consistent with the Paycheck Protection Program Rules including the prohibition on using loan proceeds for lobbying activities and expenditures.
Mar 18, 2021 · Paycheck Protection Program Second Draw Loan Borrower Application Form. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. Download .pdf.
May 31, 2021 · For most borrowers, the maximum loan amount of a Second Draw PPP loan is 2.5x the average monthly 2019 or 2020 payroll costs up to $2 million. For borrowers in the Accommodation and Food Services sector (use NAICS 72 to confirm), the maximum loan amount for a Second Draw PPP loan is 3.5x the average monthly 2019 or 2020 payroll costs up to $2 ...
Second Draw Borrower Application Form Revised March 18, 2021. organization, nonprofit news organization, 501(c)(6) organization, and destination marketing organization, gross receipts has the meaning in section 6033 of the Internal Revenue Code of 1986. For purposes of reporting Number of Employees, sole proprietors, self-employed individuals ...
Paycheck Protection Program OMB Control No.: 3245-0407 OMB Control No.: 3245-0407. Borrower Application Form Revised March 18, 2021 Expiration Date: 9/30/2021 Expiration Date: 9/30/2021. Check One: Sole proprietor Partnership C-Corp S-Corp LLC Independent contractor ( Self-employed individual.
