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Borrower Application Form Revised February 17, 2021 Expiration Date: 7/31/2021. 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) Address. PPP Borrower Demographic Information (Optional)
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. You can...
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- The New PPP Loan Application Form For 2021
- The New PPP “Second Draw” Loan Application Form For 2021
- New Application Form For Schedule C Filers Using Gross Income
- Loan Forgiveness Application Forms
The good part about PPP 2021 is that the new form is simpler and easier to understand. It tells you everything you need to apply for a PPP loan, and filling out the .pdf application will give you a good idea about how the application process will go with your selected SBA-approved lender. Here’s what the new PPP application looks like for 2021:
The second draw PPP loan is available for businesses that received PPP loans in 2020 if: 1. Your business has 300 or fewer employees, and 2. Your business experienced a 25% revenue reduction in 2020 relative to 2019 (described further below), and 3. Your business has received a “first draw” PPP loan and has used, or will use, the full amount of the...
On March 3, 2021, the SBA released a new PPP application form for sole proprietors, independent contractors, and self-employed individuals who are applying for a PPP using IRS Form 1040, Schedule C. Recent rule changes mean that those applicants may now apply using Line 7 (gross income) of their Schedule C instead of Line 31 (net income). This is a...
The SBA has also released three separate versions of their PPP Loan Forgiveness Application Form. Which form you use is based on your circumstances:
Jan 12, 2021 · The SBA and Treasury also released borrower loan application forms for the reopened PPP: 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.
Paycheck Protection Program: Borrower Application Form Revised January 8, 2021. Paycheck Protection Program OMB Control No.: 3245-0407 . Borrower Application Form Revised January 8, 2021 Expiration Date: 7/31/2021. Applicant Ownership. List all owners of 20% or more of the equity of the Applicant. Attach a separate sheet if necessary.
Mar 5, 2021 · On March 3, 2021, the SBA released new PPP loan applications. Here, we’ll discuss the first-draw PPP loan application—this is for first-time borrowers of the PPP—if you’ve already received a PPP loan, see the post on second-draw PPP applications . Which PPP application should I use?
