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Get Sba Form 2483 Ppp Borrower Application - Omb 3245-0407
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How to fill out the SBA Form 2483 PPP Borrower Application - OMB 3245-0407 online
Filling out the SBA Form 2483 PPP Borrower Application online is a crucial step for businesses seeking financial assistance through the Paycheck Protection Program. This guide provides clear instructions to help you navigate the form effectively.
Follow the steps to complete the application successfully.
- Press the ‘Get Form’ button to access the SBA Form 2483 PPP Borrower Application and open it for editing.
- In the top section, select the appropriate business type by checking the corresponding box from options such as sole proprietor, partnership, C-Corp, S-Corp, LLC, independent contractor, or nonprofit organizations. If applicable, provide the DBA or tradename.
- Enter the business legal name and the NAICS code that reflects your business activity. Include the business address, ensuring it is a physical location and not a P.O. Box.
- Fill in the business TIN, which can be an EIN, SSN, or ITIN, and state the year of establishment if applicable.
- Specify if you meet the size standard criteria by checking the appropriate box regarding employee count and SBA industry size standards.
- Input the business phone number and the primary contact person's details, including their email address.
- Calculate and enter your average monthly payroll amount. This is essential for determining the loan request amount, so ensure the calculation is accurate.
- Select all applicable purposes for the loan under 'Purpose of the loan' and explain if you select 'Other'.
- List the ownership details by providing names, titles, percentages of ownership, and TINs for all owners with 20% or more equity. Attach additional sheets if required.
- Complete the optional demographic information section if you wish to provide veteran, gender, race, and ethnicity data.
- Respond to the eligibility questions by marking 'Yes' or 'No' according to your situation. Ensure to initial where required.
- Sign the form in the designated section, confirming your representations and certifications regarding the information provided.
- Once all fields are completed and verified, save the changes, and choose to download, print, or share the form as needed.
Complete your SBA Form 2483 PPP Borrower Application online today for a smoother loan process.
For Applicants that file IRS Form 1040, Schedule C, and elect to calculate the PPP loan amount using net profit, payroll costs are computed using line 31 net profit amount, limited to $100,000, plus any eligible payroll costs for employees (to calculate loan amount using gross income, see SBA Form 2483-C).
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