Get the free Paycheck Protection Program Second Draw Borrower Application Form
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Resources Pty Ltd t/a Catskills WA ACN 107 581 706 ABN 38 107 581 706Suite 1 25 Walters Drive Osborne Park WA 6017 Telephone: +61 8 9242 7212 Facsimile: +61 8 9446 2088Application for EmploymentAPPLICATION
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How to fill out paycheck protection program second
How to fill out paycheck protection program second
01
To fill out the Paycheck Protection Program Second Draw Borrower Application Form:
02
Start by entering your business information, including the legal name, trade name (if applicable), address, and contact information.
03
Provide your Employer Identification Number (EIN) or Social Security Number (SSN), along with the date your business was established.
04
Indicate the number of employees at the time of application and your average monthly payroll costs.
05
Calculate your loan amount by multiplying your average monthly payroll costs by 2.5, up to a maximum of $2 million.
06
Specify if you have received an Economic Injury Disaster Loan (EIDL) between January 31, 2020, and April 3, 2020.
07
Gather your supporting payroll documentation, such as payroll tax filings, payroll reports, or Form 1099-MISC if you are a sole proprietor.
08
Provide your business's NAICS Code and NAICS Code description.
09
Answer the eligibility questions on the form to determine if your business qualifies for the Paycheck Protection Program Second Draw.
10
Sign and date the application, certifying the accuracy of the information provided.
11
Submit your completed application to an eligible lender participating in the Paycheck Protection Program.
Who needs paycheck protection program second?
01
Small businesses, nonprofits, self-employed individuals, sole proprietors, independent contractors, and certain other eligible organizations may need the Paycheck Protection Program Second Draw.
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What is paycheck protection program second?
The Paycheck Protection Program (PPP) Second refers to the second round of funding provided by the PPP, aimed at helping small businesses in the U.S. maintain their workforce and manage operational costs during the COVID-19 pandemic.
Who is required to file paycheck protection program second?
Small businesses, non-profits, sole proprietors, independent contractors, and self-employed individuals who wish to apply for a second draw of PPP funding must file the Paycheck Protection Program Second application.
How to fill out paycheck protection program second?
To fill out the Paycheck Protection Program Second application, applicants need to complete the SBA Form 2483-SD, providing information about their business, the requested loan amount, and documentation that supports the need for funding.
What is the purpose of paycheck protection program second?
The purpose of the Paycheck Protection Program Second is to provide financial assistance to small businesses affected by the COVID-19 pandemic, enabling them to cover payroll expenses and other eligible costs.
What information must be reported on paycheck protection program second?
Applicants must report information such as the number of employees, average monthly payroll costs, total loan amount requested, and documents verifying that the business was operational and incurred eligible expenses during the covered period.
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