On January 8th the Small Business Administration (SBA) released various applications related to Round 2 of the Payroll Protection Program (PPP2) loans that commenced with community lenders starting on January 11th. The various PPP applications:
PPP Application Forms:
PPP Round 2 (aka Second Draw) Borrower Application Form – For borrowers who received PPP loans via CARES Act in 2020. Second Draw PPP loans (aka PPP2) were created via the Economic Aid Act signed into law in December 2020.
PPP Round 1 (aka First Draw) Borrower Application Form – For borrowers who did not receive a PPP loan in 2020.