New PPP1 and PPP2 Application Forms and Overviews Released by SBA

As of January 8, 2021, SBA and Treasury have released new applications and guidance:

For PPP1/Original Draw Loans, as updated from previous iterations that started with the original PPP program:

Form 2483 – Paycheck Protection Program Borrower Application Form 

Top-Line Overview of First Draw PPP Loans

For PPP2/Second Draw Loans, which is new form for qualified PPP borrowers to seek a second draw of  a forgivable loan:

Form 2483-SD – PPP Second Draw Borrower Application Form.

Top-Line Overview of Second Draw PPP Loans

Also, two procedural notices recently released:

Procedural Notice – Modifications to SBA Forms 3506, 3507 and 750 CA (PPP only)

Procedural Notice – SBA Procedural Notice on Repeal of EIDL Advance Deduction Requirement