How to apply for a PPP Loan

Feb 17

Written By Will Guzzardi

Nancy McClelland, CPA joined Rep. Guzzardi to walk through the PPP loan application process. Small businesses seeking assistance to file their PPP loan can reach out to their local SBDC. You can learn more about PPP loans by watching Nancy’s presentation with Rep. Guzzardi below and downloading her slides at https://www.thedancingaccountant.com/?p=2413

PPP Application Resources:

American Institute of CPAs FREE PPP Loan Resources

Gusto How To Apply for A PPP Loan: Step-By-Step

https://gusto.com/blog/business-finance/second-draw-ppp-application-process

SCORE: How To Qualify & Apply For PPP

https://www.score.org/resource/new-paycheck-protection-program-ppp-loans-how-qualify-and-apply

Clara CFO Group YouTube Series

https://www.youtube.com/c/ClaraCFOGroup/videos

Official Resources and Forms

SBA PPP Website
Treasury PPP Website
Top-Line Overview of First Draw PPP Loans
Top-Line Overview of Second Draw PPP Loans
SBA Form 2483 – First Draw PPP Loan Borrower Application
SBA Form 2483-SD – Second Draw PPP Loan Borrower Application
SBA Form 3508D – Borrower’s Disclosure of Certain Controlling Interests
IFR 1 – PPP as amended by Economic Aid Act
IFR 2 – PPP Second Draw Loans
IFR 3 – Loan Forgiveness Requirements and Loan Review Procedures as Amended by Economic Aid Act
SBA Guidance – How To Calculate Maximum Loan Amounts For First Draw PPP Loans
SBA Guidance – Second Draw Paycheck Protection Program (PPP) Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide
SBA Procedural Notice 5000-20075 – Repeal of EIDL Advance Deduction Requirement for SBA Loan Forgiveness Remittances to PPP Lenders
SBA Procedural Notice 5000-20076 – First Draw Paycheck Protection Program Loan Increases After Enactment of the Economic Aid Act
SBA Procedural Notice 5000-20077 – Paycheck Protection Program Borrower Resubmissions of Loan Forgiveness Applications Using Form 3508S, Lender Notice Responsibilities to PPP Borrowers, and Offset to Remittances to Lender for Lender Debts
SBA Procedural Notice 5000-20078 – Paycheck Protection Program Excess Loan Amount Errors

IRSRev. Rul. 2021-02

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Will Guzzardi

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