Search results
files an IRS Form 1040, Schedule C, and elects to calculate the PPP loan amount using gross income cannot use this form, and instead must use SBA Form 2483-C. An Applicant that files an IRS Form 1040, Schedule F, and calculates the PPP loan amount using gross income must also use this form. Instructions for completing this form:
Jul 30, 2021 · 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.
Jan 5, 2024 · The SBA developed a new borrower application form for Schedule C PPP loan borrowers who elected to use gross income to calculate their owner replacement amount. First-time PPP loan borrowers used SBA Form 2483-C and second-draw PPP loan borrowers used SBA Form 2483-SD-C. Borrowers were required to disclose their total gross income on the form.
Jan 9, 2021 · Existing borrowers seeking a Second Draw PPP Loan will need to submit the Second Draw Borrower Application Form, SBA Form 2483-SD, which you can read about here. Release of the applications came hours after the SBA announced that the portal to accept PPP loan applications will re-open for new borrowers and certain existing PPP borrowers the ...
Second Draw Borrower Application Form for Schedule C Filers Using Gross Income March 3, 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 Independent contractor
To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you (the Borrower) may use the Form 3508EZ application or complete this application as directed in these instructions, and submit it to your Lender (or the Lender that is servicing your loan). Borrowers may also complete their application electronically through their Lender.
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 ...