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Second Draw Borrower Application Form for Schedule C Filers Using Gross Income Revised March 18, 2021 OMB Control No.: 3245-0417 Expiration Date: 9/30/2021 AN APPLICANT MAY USE THIS FORM ONLY IF THE APPLICANT FILES AN IRS FORM 1040, SCHEDULE C, AND USES GROSS INCOME TO CALCULATE PPP LOAN AMOUNT Check One: Sole proprietor
Jan 9, 2021 · The forms are Form 2483 – Paycheck Protection Program Borrower Application Form and Form 2483-SD – PPP Second Draw Borrower Application Form. Form 2483 is updated from previous iterations that started with the original PPP program. Form 2483-SD is a new form for qualified PPP borrowers to seek a second draw of a forgivable loan as they try ...
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.
Jul 30, 2021 · 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.
that files an IRS Form 1040, Schedule C, and elects to calculate the PPP loan amount using net profit must use SBA Form 2483-SD. An Applicant that files an IRS Form 1040, Schedule F, and calculates the PPP loan amount using gross income must use SBA Form 2483-SD. Instructions for completing this form:
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.
Jan 12, 2021 · Form 2483 – Paycheck Protection Program Borrower Application Form – Updated from previous versions used with the first PPP program. Form 2483-SD – PPP Second Draw Borrower Application Form – A new form for qualified borrowers seeking a PPP Second Draw loan. The forms include instructions. Applications will be accepted through March 31 ...
