Get the free 2nd Draw Application Form - decorahbank.com
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Paycheck Protection Program OMB Control No.: 32450407 Expiration Date: 7/31/2021Borrower Application Form Revised January 8, 2021, Check One:Sole Proprietor Partnership Corp Score LLC Independent
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How to fill out 2nd draw application form
How to fill out 2nd draw application form
01
To fill out the 2nd draw application form, follow these steps:
02
Start by entering your personal information such as name, address, and contact details in the designated fields.
03
Provide your business information, including the legal name, address, and tax identification number.
04
Indicate the type of business entity you have, whether it's a sole proprietorship, partnership, corporation, or LLC.
05
Provide details about your business revenues, expenses, and net profit or loss for the specified periods.
06
Fill in the loan amount you are applying for and specify how the funds will be used.
07
Sign and date the application form to certify the accuracy of the provided information.
08
Review the completed form to ensure all required fields are filled correctly.
09
Submit the application form along with any supporting documents as required by the relevant authority.
10
Wait for the processing and evaluation of your application. You may be contacted for additional information if needed.
11
Once a decision is made on your application, you will be notified accordingly.
12
Remember to double-check the accuracy of the information provided before submitting the form.
Who needs 2nd draw application form?
01
The 2nd draw application form is needed by businesses that have previously received a Paycheck Protection Program (PPP) loan and are requesting a second loan under the program.
02
These businesses need to meet certain eligibility criteria and demonstrate a reduction in revenue of at least 25% due to the ongoing COVID-19 pandemic.
03
Additionally, they must have used or will use the full amount of their initial PPP loan before receiving the second loan.
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What is 2nd draw application form?
The 2nd draw application form is a form used to apply for a second round of funding under a specific program or grant.
Who is required to file 2nd draw application form?
Individuals or entities who have already received funding from a program or grant and are eligible for a second round of funding.
How to fill out 2nd draw application form?
The 2nd draw application form can typically be filled out online or submitted in person, following the specific instructions provided by the program or grant provider.
What is the purpose of 2nd draw application form?
The purpose of the 2nd draw application form is to apply for additional funding to support a specific project or initiative.
What information must be reported on 2nd draw application form?
The 2nd draw application form may require information such as financial statements, project plans, and other supporting documentation.
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