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Paycheck Protection Program OMB Control No.: 32450417 Expiration Date: 9/30/2021Second Draw Borrower Application Form for Schedule C Filers Using Gross Income Revised March 18, 2021AN APPLICANT MAY
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How to fill out sba ppp borrower application

01
To fill out the SBA PPP Borrower Application, follow these steps:
02
Download the SBA PPP Borrower Application form from the official SBA website.
03
Fill in your personal information, including your name, Social Security number, and contact details.
04
Provide information about your business, such as its legal name, address, and industry.
05
Fill out the sections related to your payroll costs, including employee salaries, benefits, and taxes.
06
Calculate your average monthly payroll costs and enter the amount in the appropriate field.
07
Provide details about the loan requested, including the amount and intended use of funds.
08
Sign and date the application form.
09
Submit the completed application to your designated lender or through an online portal, as specified by the SBA.

Who needs sba ppp borrower application?

01
Small business owners who have been adversely impacted by the COVID-19 pandemic and require financial assistance may need to fill out the SBA PPP Borrower Application. This includes self-employed individuals, independent contractors, and sole proprietors who operate a business.
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The SBA PPP Borrower Application is a form used by businesses to apply for the Paycheck Protection Program (PPP) loan, designed to provide financial assistance to help cover payroll and other eligible expenses during the COVID-19 pandemic.
Small businesses, non-profits, and self-employed individuals affected by the COVID-19 pandemic are required to file the SBA PPP Borrower Application to access the PPP loans.
To fill out the SBA PPP Borrower Application, applicants need to provide information such as their business details, the number of employees, the average monthly payroll costs, and eligible expenses. Additional documentation such as tax forms and payroll records may also be required.
The purpose of the SBA PPP Borrower Application is to facilitate the process for businesses to apply for financial assistance through the Paycheck Protection Program, helping them to retain employees and cover payroll during economic hardships.
The information that must be reported includes the business name, address, taxpayer identification number, number of employees, average monthly payroll costs, and details regarding any affiliated businesses.
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