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 Michigan
Category:
State:
Multi-State
Control #:
US-00193
Format:
Word;
Rich Text
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Paycheck Protection Program. Borrower Application Form. 1. SBA Form 2483 (04/20) ☐
SBA Form 2483 (3/21) Paycheck Protection Program. Borrower Application Form Revised March 18, 2021.
How to fill out SBA form 413 Provide basic business information. Report your assets. Report your liabilities. List your source of income and contingent liabilities to complete section 1. Detail your notes payable to banks and others in section 2. Detail the status of your stocks and bonds for section 3.
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Use this form to apply for the Paycheck Protection Program (PPP) with an eligible lender for a First Draw loan. Existing borrowers may be eligible for PPP loan forgiveness.All borrowers, regardless of loan size, can use SBA's direct forgiveness portal. Applying for forgiveness using the portal can take as little as 15 minutes. This notice outlines the State of Michigan's conformity to the federal income tax treatment of loans issued under the Paycheck Protection Program. This past Friday evening, the SBA released the form that will be used to apply for PPP loan forgiveness. PPP Lender Agreement. Beginning January 1, 2024, the 1201 Borrower Payment Form will no longer be available to process loan payments.