SBA Form 2483-SD 2021 free printable template

Paycheck Protection Program OMB Control No.: 32450417 Expiration Date: 7/31/2021Second Draw Borrower Application Form Sole Proprietor Partnership Corp Score LLC Independent Contractor Reemployed Individual 501(c)(3)

How to fill out SBA Form 2483-SD

How to fill out SBA Form 2483-SD

1. Obtain SBA Form 2483-SD from the SBA website or your lender.
2. Fill in your business's legal name as it appears on official documents.
3. Enter your business's EIN or Social Security number.
4. Specify the business address, including city, state, and zip code.
5. Indicate the primary business activity by selecting the appropriate category.
6. Fill in the number of employees you have at the time of application.
7. Calculate and enter the average monthly payroll costs for your business.
8. Provide the requested loan amount based on payroll calculations.
9. Review and sign the certification at the bottom of the form.
10. Submit the completed form to your lender.

Who needs SBA Form 2483-SD?

1. Businesses that have been impacted by COVID-19 and are seeking a second draw of Paycheck Protection Program (PPP) funds.
2. Small businesses, self-employed workers, and certain nonprofit organizations.
3. Entities that previously received a first PPP loan and require additional funding.

People Also Ask about

Is SBA accepting PPP second draw applications?

You're an Eligible Entity To be eligible for a Second Draw from your PPP loan, you must first meet the SBA's criteria of an eligible entity, meaning you qualify as a(n): Small business. Independent contractor. Eligible self-employed individual.

Is Blueacorn doing second draw?

Learn more. PPP borrowers are eligible for up to 2.5x monthly payroll costs for their initial PPP loan, as well as any second draw. If your business falls under NAICS code 72 (Accommodation and Food Services), you may qualify for up to 3.5x monthly payroll costs for a second draw. All second draws are limited to $2M.

How do I request a second draw in Womply?

You can apply for a Second Draw PPP loan from any PPP lender. For all Second Draw loan applications you will need to provide your PPP First Draw SBA loan number. This is a unique 10 digit loan number assigned to your First Draw PPP loan by the lender who facilitated your First Draw loan.

What are the requirements for the second draw PPP?

Previously received a First Draw PPP loan and will or has used the full amount only for authorized uses, Has no more than 300 employees, and. Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

What is the deadline for 2nd PPP loan?

Borrowers can apply for a Second Draw PPP Loan until March 31, 2021, through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, eligible non-bank lender, or Farm Credit System institution that is participating in PPP.

How do you get the second draw in Womply?

You can apply for a Second Draw PPP loan from any PPP lender. For all Second Draw loan applications you will need to provide your PPP First Draw SBA loan number. This is a unique 10 digit loan number assigned to your First Draw PPP loan by the lender who facilitated your First Draw loan.

What is a 2483 SD form?

The forms are Form 2483 – Paycheck Protection Program Borrower Application Form and Form 2483-SD – PPP Second Draw Borrower Application Form.

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What is SBA Form 2483-SD?

SBA Form 2483-SD is the application form used by borrowers to request a second draw paycheck protection program (PPP) loan under the COVID-19 relief legislation.

Who is required to file SBA Form 2483-SD?

Any small business or eligible entity that has previously received a PPP loan and is seeking a second draw loan must file SBA Form 2483-SD.

How to fill out SBA Form 2483-SD?

To fill out SBA Form 2483-SD, applicants need to provide information about their business, including payroll costs, number of employees, and previous PPP loan details, and then submit the completed form to an approved lender.

What is the purpose of SBA Form 2483-SD?

The purpose of SBA Form 2483-SD is to enable eligible businesses to apply for a second PPP loan, providing them with additional funding to cover payroll and other eligible expenses during the COVID-19 pandemic.

What information must be reported on SBA Form 2483-SD?

Applicants must report details such as the business's legal name, address, Tax Identification Number (TIN), number of employees, average monthly payroll costs, and the amount of the first PPP loan received.