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OMB Control Number: 32450407 Expiration Date: 10/31/2020PAYCHECK PROTECTION PROGRAM LOAN NECESSITY QUESTIONNAIRE (NONPROFIT BORROWERS) The purpose of this form is to facilitate the collection of supplemental
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How to fill out sba-form-3509-paycheck-protection-program-loan

01
Download SBA Form 3509 from the official SBA website.
02
Fill out the top section with your business name, address, and contact information.
03
Provide your Employer Identification Number (EIN) or Social Security Number if applicable.
04
Indicate the loan amount you received under the Paycheck Protection Program (PPP).
05
Complete the sections regarding the number of employees, payroll costs, and other relevant expenses.
06
Answer the questions regarding loan necessity and economic uncertainty.
07
Review the certification statement and ensure all information is accurate.
08
Sign and date the form.
09
Save a copy for your records.
10
Submit the completed form to your lender as required.

Who needs sba-form-3509-paycheck-protection-program-loan?

01
Small businesses that received a Paycheck Protection Program (PPP) loan and are seeking loan forgiveness.
02
Non-profit organizations that qualify for the PPP loan.
03
Self-employed individuals and independent contractors who have applied for PPP loans.
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SBA Form 3509 is a loan necessity questionnaire that borrowers must complete when applying for loan forgiveness under the Paycheck Protection Program (PPP).
Borrowers who received a Paycheck Protection Program loan and are seeking forgiveness must file SBA Form 3509.
To fill out SBA Form 3509, borrowers must provide information regarding their business operations, financial status, and any changes in employee count or wages since the loan was secured, following the form's structured format.
The purpose of SBA Form 3509 is to assess the eligibility of businesses for loan forgiveness under the Paycheck Protection Program by evaluating their financial needs and the impact of the pandemic.
The form requires information about the borrower's current business operations, whether the business was operational in February 2020, current employee numbers, and any financial hardship related to the COVID-19 pandemic.
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