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Small Business AdministrationPaycheck Protection Program SECOND DRAW APPLICATION PACKET This application packet is to be used by York Traditions Bank Business Clients to apply for the Small Business
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How to fill out second draw application packet
How to fill out second draw application packet
01
Retrieve the application form for the second draw from the designated website or office.
02
Fill out the personal information section including name, address, contact information, and social security number.
03
Provide detailed information about your business including the legal structure, ownership details, and revenue numbers.
04
Indicate the loan amount you are requesting and the intended use of the funds.
05
Sign and date the application form before submitting it along with any required documentation.
Who needs second draw application packet?
01
Small business owners who have previously received a loan under the Paycheck Protection Program and meet the eligibility criteria for a second draw.
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What is second draw application packet?
The second draw application packet is a set of forms and documents required for businesses to apply for a second round of funding from a Paycheck Protection Program loan.
Who is required to file second draw application packet?
Small businesses, non-profit organizations, sole proprietors, independent contractors, and self-employed individuals who have previously received a PPP loan and meet certain eligibility criteria are required to file a second draw application packet.
How to fill out second draw application packet?
The second draw application packet can be filled out online through the Small Business Administration's website or through participating lenders. Applicants must provide information about their business, payroll expenses, and economic impact due to COVID-19.
What is the purpose of second draw application packet?
The purpose of the second draw application packet is to help eligible businesses access additional funds to cover payroll and other expenses during the ongoing COVID-19 pandemic.
What information must be reported on second draw application packet?
The second draw application packet requires information such as business tax identification number, payroll documentation, proof of revenue reduction, and certification of eligibility.
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