As a result, the Second Draw PPP IFR generally addresses only those terms where a Second Draw PPP loan is different from a first draw PPP loan. I want to walk you through how to apply for the ppp program if you're a first-time applicant.Assembly called to order at a. M.. Mr. Speaker presiding. " This section requires creditors, assignees, or servicers to send the borrower a periodic statement for each billing cycle. Thank you for allowing us to be Your Trusted. Taxable income of taxpayers' resident in the jurisdiction is generally total income less income producing expenses and other deductions.