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Supplemental Application Requirements Second Draw Paycheck Protection ProgramRequired minimum supporting information/documentation: For loans over $150,000 document must be submitted at time of Second
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How to fill out ppp-second-draw-borrower-application-form-revised-3
How to fill out ppp-second-draw-borrower-application-form-revised-3
01
Review the updated PPP Second Draw Borrower Application Form.
02
Fill out the borrower information section including business legal name, trade name, address, EIN, phone number, NAICS code, and business type.
03
Verify if you qualify for the second draw PPP loan based on the eligibility criteria provided in the form.
04
Provide information about the average monthly payroll costs for the year 2019, 2020, or the one-year period before the date of the loan on the application form.
05
Complete the certification, borrower disclosures, demographic information, and sign the form where required.
06
Submit the completed application form along with all necessary supporting documentation to your lender for review and approval.
Who needs ppp-second-draw-borrower-application-form-revised-3?
01
Small business owners who have already received a PPP loan and meet the criteria for a second draw PPP loan.
02
Businesses that have experienced a significant revenue loss of at least 25% in any quarter of 2020 compared to the same quarter in 2019.
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What is ppp-second-draw-borrower-application-form-revised-3?
The ppp-second-draw-borrower-application-form-revised-3 is a document used to apply for a second draw PPP loan, with revised instructions and requirements.
Who is required to file ppp-second-draw-borrower-application-form-revised-3?
Businesses that have received a first draw PPP loan are eligible to file the ppp-second-draw-borrower-application-form-revised-3.
How to fill out ppp-second-draw-borrower-application-form-revised-3?
The form must be completed with accurate information regarding the business's financial situation and eligibility for a second draw PPP loan.
What is the purpose of ppp-second-draw-borrower-application-form-revised-3?
The purpose of the form is to apply for a second draw PPP loan to help businesses affected by the COVID-19 pandemic.
What information must be reported on ppp-second-draw-borrower-application-form-revised-3?
The form requires information such as business details, financial information, number of employees, and documentation of revenue reduction.
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