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A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $50,000 OR LESS. A Borrower that, together with its affiliates, received PPP loans totaling $2 million or greater cannot use this form.
The difference between the forms lies in the calculations you need to do. Form 3508 requires the most calculations, Form 3508EZ requires less calculations, and Form 3508S is nearly calculation-free (cue the celebration).
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. The SBA and Treasury also published top-line summaries of the first-draw and second-draw PPP loans and a pair of procedural notices.
SBA Form 2483 (3/21) Paycheck Protection Program. Borrower Application Form Revised March 18, 2021. Purpose of this form: This form is to be completed by the authorized representative of the Applicant and submitted to your SBA Participating Lender.
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