The following is an excerpt from an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on January 9, 2021.
Eligible first-time PPP borrowers may apply as early as Monday, January 11th, and eligible second-time borrowers may apply as early as Wednesday, January 13th. The first week of application is targeted to first-time and historically underserved businesses, with all applicants accepted by mid-January. The PPP application deadline is March 31st.
Review the application forms on our Resources page.
Read the full article here.
The US Small Business Administration and Treasury released borrower loan application forms Friday night for the rebooted Paycheck Protection Program (PPP), which will launch Monday, initially for select lenders and borrowers before a broader opening takes place a few days later.
The forms are Form 2483 – Paycheck Protection Program Borrower Application Form and Form 2483-SD – PPP Second Draw Borrower Application Form. Form 2483 is updated from previous iterations that started with the original PPP program. Form 2483-SD is a new form for qualified PPP borrowers to seek a second draw of a forgivable loan as they try to navigate economic seas churning in the throes of the COVID-19 pandemic.
