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Click ‘Get Form’ to open the SBA 2483 in the editor.
Begin by entering your business information in Section 1. This includes your legal business name, DBA (if applicable), and your EIN or SSN. Ensure accuracy as this information is crucial for processing.
Move to Section 2, where you will provide details about your business structure. Select the appropriate option from the dropdown menu and fill in any additional required fields.
In Section 3, calculate your average monthly payroll costs. Use the provided fields to input figures for employees and their respective salaries, ensuring you follow the guidelines for eligible expenses.
Finally, review all sections for completeness and accuracy before signing. Utilize our platform’s signature feature to electronically sign the document, making it ready for submission.
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Each owner must be accounted for in the PPP application form. Along with each owners TIN, EIN, or SSN, lenders will also require a government-issued ID such as a Passport or a state- issued Drivers License.
Is the PPP back in 2025?
As of 2025, the SBA has closed new PPP applications, but businesses that received funding in previous rounds can still apply for forgiveness under the latest guidelines. The simplified application process for loans under $150,000 remains in place, reducing paperwork for small businesses seeking forgiveness.
Who qualifies for SBA loan forgiveness?
Only businesses that actually default on their SBA loan can apply for loan forgiveness. Be aware that you may default on a loan without being behind on payments. This happens when you violate the terms of the loan like: Taking on additional debt.
What is the SBA form 2483?
Late last week the Small Business Administration (SBA) issued forms for the second Paycheck Protection Program (PPP) loan that is set to open to smaller lending institutions on Monday, January 11, 2021; Form 2483 Paycheck Protection Program Borrower Application for first-time PPP borrowers and Form 2483-SD PPP
What is a 2483 form?
The forms are Form 2483 First Draw Paycheck Protection Program Borrower Application Form and Form 2483-SD PPP Second Draw Borrower Application Form. Form 2483 is an updated version from the original PPP program. Form 2483-SD is a new form for qualified PPP borrowers to apply for a second loan.
Related Searches
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People also ask
Are PPP loans under $50,000 automatically forgiven?
For businesses that received a Paycheck Protection Program (PPP) loan, they have ten months after the end of the covered period to apply to have the loan forgiven. The covered period starts when the loan is provided and ends either 8 or 24 weeks later.
Related links
Paycheck Protection Program Lender Application Form
By signing SBA Form 2483, Borrower Information Form in connection with this application for an SBA-guaranteed loan, the Applicant certifies that it has read the
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