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 Maryland
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Multi-State
Control #:
US-00193
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Word;
Rich Text
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SBA Form 2483: PPP First Draw Borrower Application Form. SBA Form 2483-C: First Draw Borrower Application Form for Schedule C Filers Using Gross Income.
Make sure to classify, name or group this account as non-taxable since the funds are not taxable as income. Do not include the funding in revenue or operating income. Mark each transaction as PPP Funds so that all activity can be separately tracked.
SBA's mission is to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns." It also is charged with ensuring that small businesses earn a "fair proportion" of government contracts and sales of surplus property.
Purchasing power parity (PPP) is a popular macroeconomic analysis metric used to compare economic productivity and standards of living between countries. PPP involves an economic theory that compares different countries' currencies through a "basket of goods" approach.
SBA Form 2483 (3/21) Paycheck Protection Program. Borrower Application Form Revised March 18, 2021.