DC SBA form 2483-SD 2021-2026 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

How to fill out DC SBA form 2483-SD

How to fill out DC SBA form 2483-SD

1. Download the DC SBA form 2483-SD from the official website.
2. Begin by filling in your business name at the top of the form.
3. Provide your business address including street, city, state, and zip code.
4. Enter your taxpayer identification number (TIN) or social security number (SSN).
5. Indicate your business structure (e.g., sole proprietorship, partnership, corporation).
6. Fill in the number of employees as of a specific date.
7. Enter your average monthly payroll amount.
8. Include details about any other funds received from other federal assistance programs if applicable.
9. Review the terms and conditions of the application and sign and date the form.
10. Submit the completed form according to the instructions provided.

Who needs DC SBA form 2483-SD?

1. Businesses seeking financial assistance through the Paycheck Protection Program (PPP).
2. Small businesses, sole proprietors, and independent contractors in need of COVID-19 relief funds.

People Also Ask about

What is the difference between form 3508 EZ and 3508S?

The difference between the forms lies in the calculations you need to do. Form 3508 requires the most calculations, Form 3508EZ requires less calculations, and Form 3508S is nearly calculation-free (cue the celebration). The form you use depends on certain factors such as: How much you borrowed.

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.

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.

How do you calculate maximum loan for second draw?

The sum of the total monthly payroll costs paid or incurred as of the date on which you apply for the second draw PPP loan, divided by. The number of months in which those payroll costs were paid or incurred, multiplied by 2.5 (borrowers with an NAICS beginning with 72 will multiply by 3.5)

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.

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.

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.

Does Womply automatically apply for second draw?

You cannot receive a Second Draw loan unless your First Draw loan is fully disbursed. To comply with this rule, we will ensure your Second Draw loan is submitted to the SBA only after their database registers your First Draw loan in the correct status.

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What is DC SBA form 2483-SD?

DC SBA form 2483-SD is a form used for the Paycheck Protection Program (PPP) which provides small businesses financial assistance to help retain their workforce during adverse economic conditions.

Who is required to file DC SBA form 2483-SD?

Small businesses and certain nonprofit organizations that are seeking a Paycheck Protection Program loan to cover payroll costs and other eligible expenses are required to file DC SBA form 2483-SD.

How to fill out DC SBA form 2483-SD?

To fill out DC SBA form 2483-SD, applicants must provide information such as their business details, number of employees, average monthly payroll costs, and the amount of the loan they are applying for.

What is the purpose of DC SBA form 2483-SD?

The purpose of DC SBA form 2483-SD is to facilitate the application process for small businesses applying for a loan under the Paycheck Protection Program to help manage their payroll and other expenses during economic downturns.

What information must be reported on DC SBA form 2483-SD?

Information that must be reported on DC SBA form 2483-SD includes the applicant's business name, business address, taxpayer identification number, number of employees, payroll costs, and requested loan amount.