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Borrower Application Form for Schedule C Filers Using Gross Income Expiration Date: 9/30/2021. Revised March 18, 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. If you do not have any employees (other than owners), complete this table: A.
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March 3, 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. If you do not have any employees (other than owners), complete this table: Your gross income amount from 2019 or 2020 IRS Form 1040, Schedule C, line 7. enter $8,333.33): more than $8,333.33,
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Mar 18, 2021 · Existing borrowers may be eligible for PPP loan forgiveness. 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. Download .pdf. File size: 482KB.
Mar 8, 2021 · average monthly payroll costs are calculated for Schedule C filers. For 1st Draw PPP loans approved on or after March 5, 2021, you will calculate your loan amount as follows: • Calculate eligible Annual Payroll Costs (you may use 2019 documents if basing your loan on 2019, or 2020 documents if basing it on 2020):
PPP GUIDANCE FOR SCHEDULE C FILERS WITH NO EMPLOYEES (as of January 25, 2021) NOTE: This guidance is meant for sole proprietors, independent contractors, self-employed individuals, LLCs and other businesses that file their federal business income tax returns on IRS Form 1040 Schedule C and have no employees (other than the owner).
PPP GUIDANCE FOR SCHEDULE C FILERS WITH EMPLOYEES (as of January 25, 2021) NOTE: This guidance is meant for sole proprietors, independent contractors, self-employed individuals, LLCs and other businesses that file their federal business income tax returns on IRS Form 1040 Schedule C and have employees (other than the owner).
Borrower Application Form for Schedule C Filers Using Gross Income Revised March 18, 2021. Purpose of this form: This form is to be completed by the authorized representative of the Applicant and submitted to your SBA Participating Lender.
