This form is an assumption agreement for a Small Business Administration (SBA) loan. Party assuming the loan agrees to continue payments thereon. SBA agrees to the assumption of the loan and release of original debtor. Adapt to fit your circumstances.
Sba Ppp Loan Agreement Form In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00193
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
SBA Form 2483 (3/21) Paycheck Protection Program. Borrower Application Form Revised March 18, 2021.
Paycheck Protection Program. Borrower Application Form. 1. SBA Form 2483 (04/20) ☐
While PPP loans were designed as a temporary and short-term relief from the economic decline due to the pandemic, SBA loans were created as a long-term financing solution. They have a more extended repayment or maturity term that can be up to 25 years, depending on the borrower's business sector.
PPP Specific Industries, Activities, and Other Factors: The following activities and industries make a business ineligible: illegal activity under federal, state, or local law; household employer (individuals who employ household employees such as nannies or housekeepers);