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  • Sba Form 2483-sd 2021

Get Sba Form 2483-sd 2021-2025

Paycheck Protection Program OMB Control No.: 3245-0417 Expiration Date: 7/31/2021 Second Draw Borrower Application Form Sole Proprietor Partnership C-Corp S-Corp LLC Independent Contractor Self-Employed.

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How to fill out the SBA Form 2483-SD online

Filling out the SBA Form 2483-SD online can seem challenging, but this guide is designed to help you navigate each section with ease. Follow these steps to ensure your application is completed accurately and efficiently.

Follow the steps to fill out the SBA Form 2483-SD online.

  1. Click the ‘Get Form’ button to access the SBA Form 2483-SD. This action will allow you to view and fill out the form in an online editor.
  2. Begin by entering the business legal name in the designated field. Ensure that this reflects the official name of your entity as registered.
  3. Provide the business address. Remember that P.O. Box addresses are not acceptable; you must use a physical street address.
  4. Indicate your average monthly payroll by calculating the total payroll costs for the applicable period and dividing by the number of months.
  5. Select the purpose of the loan by checking all relevant boxes. This typically includes options like payroll costs, rent, mortgage interest, and utilities.
  6. Determine the loan request amount, which can be calculated by multiplying the average monthly payroll by either 2.5 or 3.5, depending on your business type.
  7. Enter the DBA or tradename if applicable, followed by the year of establishment, NAICS code, business TIN, and business phone.
  8. Fill in the primary contact information, including the email address and number of employees. Remember to include yourself if applicable.
  9. Answer questions regarding eligibility by checking 'Yes' or 'No' where applicable. If necessary, provide additional information on separate sheets.
  10. Complete the certification and signature section, where the authorized representative must acknowledge the accuracy of the information provided.
  11. Once you have completed all sections, you can save your changes, then download the form to print or share as needed.

Complete your documents online today to ensure a smooth application process!

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For each individual employee, the total amount of cash compensation eligible for forgiveness may not exceed an annual salary of $100,000, as prorated for the Covered Period. For an 8-week Covered Period, that total is $15,385. For a 24-week Covered Period, that total is $46,154 for purposes of this 3508EZ.

Any individual hired by the Borrower to manage the day-to-day operations of the Borrower (“key employee”). Any trustor (if the Borrower is owned by a trust). For a nonprofit organization, the officers and directors of the Borrower.

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.

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.

Forgiveness of PPP loan proceeds should be recorded as income from continuing operations, as a separate line item.

Additionally, agricultural producers, farmers, and ranchers can qualify for PPP loans as a small business concern if their business meets SBA's “alternative size standard.” The “alternative size standard” is currently: (1) maximum net worth of the business is not more than $15 million, and (2) the average net income ...

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). The form you use depends on certain factors such as: How much you borrowed.

An Applicant that files an IRS Form 1040, Schedule C, and elects to calculate the PPP loan amount using net profit must use SBA Form 2483-SD. An Applicant that files an IRS Form 1040, Schedule F, and calculates the PPP loan amount using gross income must use SBA Form 2483-SD.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232