Get the free PPP First Draw Borrower Application Form

Buckeye Boat Club 6510 Walnut Valley Drive Galena, Ohio 430219613 (614) 8911422PLEASE PRINT:APPLICATION FOR Memberships name: First name: MI: Spouses/Significant Other: Last Name: First: MI: Address:

How to fill out ppp first draw borrower

How to fill out ppp first draw borrower

1. To fill out the PPP First Draw Borrower application, follow these steps:
2. Download the application form from the official website of the Small Business Administration (SBA).
3. Provide the necessary business information such as legal name, DBA name, address, TIN, etc.
4. Fill in the details regarding the business ownership structure, including percentage of ownership, managing members, etc.
5. Provide information about the average monthly payroll costs, including wages, tips, employee benefits, etc.
6. Enter the loan amount requested and select the purpose of the loan.
7. Answer the eligibility questions and certifications accurately.
8. Sign and date the application form.
9. Gather all required supporting documents such as payroll records, tax forms, financial statements, etc.
10. Submit the completed application and supporting documents to an approved PPP lender.

Who needs ppp first draw borrower?

1. PPP First Draw Borrower is designed for small businesses, non-profit organizations, sole proprietors, self-employed individuals, independent contractors, and other eligible entities that have been adversely affected by the COVID-19 pandemic and require financial assistance.

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What is ppp first draw borrower?

PPP first draw borrower refers to the individuals or businesses that apply for the first round of the Paycheck Protection Program (PPP) loan designed to help small businesses retain their workforce during the COVID-19 pandemic.

Who is required to file ppp first draw borrower?

Any small business, nonprofit organization, veterans organization, or sole proprietorship that is looking to obtain a first draw PPP loan must file as a PPP first draw borrower.

How to fill out ppp first draw borrower?

To fill out the PPP first draw borrower application, you need to provide information such as your business details, the number of employees, average monthly payroll costs, and how you plan to use the loan proceeds.

What is the purpose of ppp first draw borrower?

The purpose of the PPP first draw borrower program is to provide forgivable loans to small businesses to cover payroll costs and other eligible expenses to help them survive the economic impact of the COVID-19 pandemic.

What information must be reported on ppp first draw borrower?

Information reported must include the business name, address, phone number, number of employees, average monthly payroll, and intended use of the loan funds.