Second Draw Borrower Application Form 2025

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The document is the Second Draw Borrower Application Form for the Paycheck Protection Program (PPP), designed for various business types to apply for financial assistance under the CARES Act. It outlines eligibility criteria, required information such as business details, payroll calculations, and loan purposes, and includes certifications regarding compliance with federal regulations. The form also addresses documentation requirements for demonstrating a reduction in gross receipts due to economic impacts.

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2021	4.8 Satisfied (26 Votes)

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Does Blue Acorn do second draw PPP loans?

PPP borrowers are eligible for up to 2.5x monthly payroll costs for their initial PPP loan, as well as any second draw. If your business falls under NAICS code 72 (Accommodation and Food Services), you may qualify for up to 3.5x monthly payroll costs for a second draw. All second draws are limited to $2M.

Is the SBA form 1920 still required?

SBA Form 1920 has been retired as of August 1, 2023.

What are the changes to the SBA form 1919?

The new SBA Form 1919 removed questions about past criminal history and replaced them with a question on whether the Applicant or any Associate of the Applicant is presently incarcerated, on probation, on parole or presently subject to an indictment for a felony or any crime involving financial misconduct or false

How to calculate second draw PPP loan amount?

The maximum amount of the loan is the lesser of two and half months of your average monthly payroll costs or $2 million. The two and a half months salary calculation is the same as for First Draw loans, but the cap has been reduced to $2 million.

Which are eligibility requirements for a Small Business Administration SBA grant?

Eligibility requirements Be an operating business. Operate for profit. Be located in the U.S. Be small under SBA size requirements. Not be a type of ineligible business. Not be able to obtain the desired credit on reasonable terms from non-federal, non-state, and non-local government sources.

Who needs to fill out the SBA form 1919?

To receive a 7(a) loan, small businesses must fill out Form 1919. A copy of the form must be filled out by each principal stakeholder or owner who controls at least 20% of the business, trustors, and anyone hired to run the business general operations.

Second Draw Borrower Application Form 2025

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How to edit Second Draw Borrower Application Form online

See more Second Draw Borrower Application Form versions

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Got questions?

Does Blue Acorn do second draw PPP loans?

Is the SBA form 1920 still required?

What are the changes to the SBA form 1919?

How to calculate second draw PPP loan amount?

Which are eligibility requirements for a Small Business Administration SBA grant?

People also ask

Who needs to fill out the SBA form 1919?

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Second Draw Borrower Application Form 2025

Here's how it works

How to edit Second Draw Borrower Application Form online

See more Second Draw Borrower Application Form versions

Complete this form in 5 minutes or less

Got questions?

Does Blue Acorn do second draw PPP loans?

Is the SBA form 1920 still required?

What are the changes to the SBA form 1919?

How to calculate second draw PPP loan amount?

Which are eligibility requirements for a Small Business Administration SBA grant?

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People also ask

Who needs to fill out the SBA form 1919?

Related links

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