If you are interested in applying for a First PPP loan, please visit the “First PPP Loan” tab on the previous page. Check One: DBA or Tradename (if applicable) Year of Establishment (if applicable) Business Legal Name NAICS Code Business Address (Street, City, State, Zip Code - No P.O. Here are six things companies need to know about second-draw PPP loans. In addition, both the lenders and the SBA are reviewing, rejecting, and putting holds on many applications because of API errors, compliance failures, and First Draw Loan issues. / endstream endobj 768 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream o Indicate your Business Type (Independent Contractors and Sole Proprietors have slightly different document requirements. In order to be eligible, businesses must be able to … �@D���)�Yo�ns�VLg#,v�&`P��RL�o�5H�2�����ˆ �eu�&~�@� ,�l����L8:���A���H�D���R*� k�����=���q�_� { endstream endobj 767 0 obj <>/Subtype/Form/Type/XObject>>stream -D���vi��F����N�_�����r�tz|J��9__�n.)��������؄u? H�4�� Congress designated $137 billion for PPP second draw … PPP – Second Draw The brand new “PPP Second Draw” program is for small businesses, non-profits, sole proprietors, and independent contractors who have exhausted their initial PPP loan. Second Draw PPP Loans made to eligible borrowers qualify for full loan forgiveness if during the 8 to 24 week covered period following loan disbursement: Employee and compensation levels are maintained … W H�4ͱ BT The entity has used (or will use) the full amount of their First Draw. This application is for those that have already received a Paycheck Protection Program (PPP) loan and are interested in applying for a Second Draw loan. 1474 0 obj <>stream 1�~�bJm��&!I+�]#,v�ށ�p��`���i���J��"'(�A���&3�/�P�\�֢n�3C����W|�΄��p��̒��#��h4)�6�YL-Ї���.��o�� Վe endstream endobj 742 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream H�4ͱ Second-draw PPP loans have a different set of eligibility rules, notably you need to show a reduction in revenue. : 3245-0417 Expiration Date: 7/31/2021 Check One: Sole proprietor Partnership C-Corp S-Corp LLC Independent contractor Self-employed individual 501(c)(3) nonprofit 501(c)(6) organization 501(c)(19) veterans organization Housing cooperative Tribal business Other _ _____ DBA or Tradename (if applicable) Year … 1�~�bJm��M�%�hg#,v�ށ���?�;�b�70c��T�JM�M~��R8�-E]�>0Z����/x�� ���z;�Y$�3F$��tjm����1N�o�M�2^8��0 #�. H�2�375�4VH�2P0P04г06Q��326U(J�J�2�3U aK��L�� � B1d endstream endobj 750 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Eligibility generally includes the following: Business was operational as of February 15, 2020 and has not permanently closed. PPP Second Draw allows borrowers who previously received a PPP loan to receive a second potentially-forgivable loan to be used toward payroll expenses, rent, utilities, and mortgage interest. H�2�375�4VH�2P0P04г06Q��326S(J�J�2�3U aK��L�� � BXf endstream endobj 790 0 obj <>/Subtype/Form/Type/XObject>>stream A: If they are eligible for PPP loans, they would apply for a first draw loan first. H�2TH�2P0P04г06Q��326U(J�J�2�3U aK��L�� � With the Second Draw Paycheck Protection Program (PPP), small business borrowers can borrow additional funds for COVID-19 relief if they received a first PPP loan. H�4�� endstream endobj 755 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 792 0 obj <>/Subtype/Form/Type/XObject>>stream Paycheck Protection Program Second Draw Loan Borrower Application Form For second-draw loans, the SBA's system reviews a borrower's prior PPP application, as well as business databases, which may include Dun & Bradstreet and LexisNexis. H�2�375�4VH�2P0P04г06Q��326S(J�J�2�3U aK��L�� � BXf endstream endobj 762 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream EMC H�4̱ •Entities that receive a grant through the Shuttered Venue Operator Grant Program are ineligible for a PPP second draw loan. For CWA clients that qualify, we do recommend applying for these funds. 1��~�bJm��MB����FX��A}�N�b��Q��{���TZ��������e���x�h3,\W>�5�L��uc����Ēӥ��wquc��[��� ? Applications are similar to the first time around. WC"�/N�&�-��ӣ��7�����勉�/5}�c�����=={1�������^��/�YN�}�]N��c���f�YN�\o}[�=��}�����`��:8�_�O�g���^-���D�1ݟ�H������rCK^�����������f��})%����J8f�GG�?f�����I�������zu���{�����vu��hP �z��^N�������_�i�����Z�q����rs�AV �ޗ��H2=�,�V�/n.��5=�,����ʚ�,��ݬ��9�p��_�����.�ѓ���E���99~�������v*>=~O8M#vZ�-T:��� E�Q4�0����Y�z>v� 1�~�bJm��&!I+�]#,v�ށ�p��`���i���J��"'(�A���&3�/�P�\�֢n�3C����W|�΄��p��̒��#��h4)�6�YL-Ї���.��o�� Վe endstream endobj 757 0 obj <>/Subtype/Form/Type/XObject>>stream Paycheck Protection Program PPP Loan Forgiveness Application Form 3508S (revised January 19, 2021) SBA Form … The SBA is using a “batch” process to review loans that may result in confirmations taking longer to deliver than was … H�2TH�2P0P04г06Q��326S(J�J�2�3U aK��L�� � ? Applications for second-draw PPP loans will be open until March 31, 2021, or until the money allocated for the program runs out. H�2�375�4VH�2P0P04г06Q��326S(J�J�2�3U aK��L�� � BXf endstream endobj 766 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream EMC H�2TH�2P0P04г06Q��326U(J�J�2�3U aK��L�� � SBA and the Treasury Department also announced that the PPP will re-open … First of all, if you never took a PPP loan, you can still apply for a first-draw PPP loans under the more lenient first-draw eligibility rules. The SBA is opening its Second Draw PPP loan application for business owners who have already received a PPP loan and used their funds — or will use them by Second Draw loan disbursal. This may be calculated by comparing the borrower’s quarterly gross receipts for one calendar quarter in 2020 with the corresponding quarter in 2019. 0 H�2TH�2P0P04г06Q��326S(J�J�2�3U aK��L�� � ? Step 1: Make sure you qualify H�2TH�2P0P04г06Q��326S(J�J�2�3U aK��L�� � ? Start by filling out the boxes for business type, DBA name, year established, legal business name. / endstream endobj 788 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream H�2�375�4VH�2P0P04г06U��326Q(J�J�2�3U aK��L�� � B=d endstream endobj 782 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream ET 1��~�bJm��MB����FX��A}�N�b��Q��{���TZ��������e���x�h3,\W>�5�L��uc����Ēӥ��wquc��[��� ? Q �@��~�bJm�ݽ;r������ X��!�4�c��T�JM�M~��R���C��3��������� }�p��,��#�Xr�t�6�E\�vy�x�8�'� \� endstream endobj 743 0 obj <>/Subtype/Form/Type/XObject>>stream If you meet the eligibility requirements set forth by the SBA to receive a “PPP Second Draw” loan, and you received your initial PPP loan from Synovus, you’ll be able to apply within the same online portal we use for forgiveness applications today, … 1 1 8.32 8.26 re /Tx BMC H�4�� Congress designated $137 billion for PPP second draw … H�2�375�4VH�2P0P04г06Q��326U(J�J�2�3U aK��L�� � B1d endstream endobj 741 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream /Tx BMC First Draw PPP loans are f The IFR addressed many of the PPP changes from the Consolidated Appropriations Act, which was signed into law on December 27, 2020. H�4ͱ Applications for second-draw PPP loans will be open until March 31, 2021, or until the money allocated for the program runs out. SBA Clarifies Second Draw Loan PPP Calculations, Gross Receipts, and Documentation Needed Posted by: Kate Serpe 4 weeks ago The SBA provided clarifying documentation on January 19 th in the form of FAQs regarding calculating the maximum second draw amount, definition of gross receipts for for-profit and not-for-profit organizations and documentation required. H�4�� 9�#�@s0fm�\�g��5?w�(BkA�÷d�wC�嵦9���JH}J�n��$ �=�>�9�j}���zQ}�/�i]�{so���r����Q8�=큠��@���+��6���h:�����G�ױZ9. H�4̱ /Tx BMC Kabbage: Prior to the coronavirus crisis, … /Tx BMC Once your application is submitted, it may take several days for it to be validated and then reviewed by the SBA. h�bbd```b``�"w�H�� RJD����F��f?���"�� ���5 D2��M�6! Second Draw Borrower Application Form OMB Control No. In this video, CohnReznick PPP specialists Stephanie O’Rourk and Jeff Bobrosky break down … SBA has stated … endstream endobj 793 0 obj <>/Subtype/Form/Type/XObject>>stream For most borrowers, the loan can be for up to 2.5 times your monthly payroll expenses, giving you a lifetime total of 5 months worth of payroll expenses through the program. H�4̱ •Businesses with more than one location must have no more than 300 employees per location. Use this form to apply for the Paycheck Protection Program (PPP) with an eligible lender for a First Draw loan Here are six things companies need to know about second-draw PPP loans. �@��~�bJm�ݽ[ri�v6‚`�h���`"����a��JSi%؋���#T���hk�� �Ͱp����g�]��C�:sD+t�Z�!�n�#6u�|�8�'� w�� endstream endobj 779 0 obj <>/Subtype/Form/Type/XObject>>stream 1�~�bJm��&!I+�]#,v�ށ�p��`���i���J��"'(�A���&3�/�P�\�֢n�3C����W|�΄��p��̒��#��h4)�6�YL-Ї���.��o�� Վe endstream endobj 753 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 801 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream @���\�,�L��H^{0�L�!ģ"�l}�"ݲ�"�`���?�&FV!��!F�g���@� !P� 0 0 10.32 10.26 re “This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other … H�4�� A�>_�R�q6����hg#v�ށ���_�'6. n /Tx BMC What … endstream endobj 797 0 obj <>/Subtype/Form/Type/XObject>>stream You need your SBA Loan Number from your First Draw PPP. 1442 0 obj <>/Filter/FlateDecode/ID[<028EDB1CD8A2684CBC8049A9C7CDC4DB><1F661DABCB9AD041A5CA56E753BA5D9F>]/Index[1411 64]/Info 1410 0 R/Length 137/Prev 514530/Root 1412 0 R/Size 1475/Type/XRef/W[1 3 1]>>stream EMC Qualifications for receiving first-draw or second-draw PPP loan applications have been determined by the SBA. The new maximum PPP loan amount is … H�2TH�2P0P04г06Q��326S(J�J�2�3U aK��L�� � ? Revenue reduction can also be the full calendar year of 2020 vs 2019. H�2TH�2P0P04г06Q��326S(J�J�2�3U aK��L�� � ? �PD���)�Y�k�����FX�M�"��?xH1�9� b�j����υUR��}aD岺�~?|X�m����L8:���A���D�%FS&1�JB[��3veOcp\�` %�J endstream endobj 773 0 obj <>/Subtype/Form/Type/XObject>>stream Businesses that have previously received a PPP loan may now apply for a Second Draw PPP loan. EMC endstream endobj 798 0 obj <>/Subtype/Form/Type/XObject>>stream The Second Draw PPP loan is available for businesses, independent contractor, self-employed individual, sole proprietor, nonprofit organization eligible for a First Draw PPP Loan, veteran's organization, Tribal business, housing cooperative, small agricultural cooperative, eligible 501(c)(6) organization or destination marketing organization or an eligible nonprofit news … - endstream endobj 752 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream SBA is currently accepting Second Draw PPP loan applications from participating lenders. H�4̱ This page is appropriate if you have already received a PPP Loan in 2020 and are applying for a SECOND PPP LOAN in 2021. H�4�� H�4̱ PPP Second Draw allows borrowers who previously received a PPP loan to receive a second potentially-forgivable loan to be used toward payroll expenses, rent, utilities, and mortgage interest. This convenient PPP loan amount calculator can be used to perform the math for you. PPP Second Draw Application Tutorial – Businesses with Payroll 1) Calculate Payroll. Second-draw PPP loans are available to businesses that can demonstrate a 25% loss in revenue compared to the previous year. o��� �7�Ix+C We�0 6㳣 �@��~�bJm�ݽ;r������ X��!�4�c��T�JM�M~��R���C��3��������� }�p��,��#�Xr�t�6�E\�vy�x�8�'� \� endstream endobj 747 0 obj <>/Subtype/Form/Type/XObject>>stream Here is a step-by-step application tutorial on how to apply for a PPP with our banking partner, Biz2Credit, for Second Draw PPP for businesses with payroll.“Second Draw” means that you already received the first round of PPP and are now applying for the second round. Q: If a customer did not participate in the first draw of PPP, does this make them ineligible for the second draw? 1411 0 obj <> endobj is a First Draw PPP Loan forgiveness application), or (b) Second Draw PPP Loans with an original principal amount of $2 million or more (if this is a Second Draw PPP Loan forgiveness application). H�4̱ Corporate Headquarters 1108 Fifth Avenue San Rafael, CA 94901 (800) 848-1088 Routing Number 121140218 H�2�375�4VH�2P0P04г06Q��326U(J�J�2�3U aK��L�� � B1d endstream endobj 746 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream o List the names of all owners (over 20%). 0 0 Td H�2�375�4VH�2P0P04г06Q��326S(J�J�2�3U aK��L�� � BXf endstream endobj 770 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream The entity employs 300 or fewer employees. Borrower Eligibility for PPP "Second Draw" Loans Certain businesses who previously obtained a PPP loan may be eligible to apply for additional PPP funding. / endstream endobj 784 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Summary of First and Second Draw PPP Loans Applications for first and second draw PPP loans will follow a multi-step review and approval process involving both People’s United and the SBA. q H�2�375�4VH�2P0P04г06Q��326U(J�J�2�3U aK��L�� � B1d endstream endobj 754 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream It will even provide you with the specific figures to include in your loan application. The deadline to apply is March 31, 2021. (4) Tj endstream endobj 794 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 791 0 obj <>/Subtype/Form/Type/XObject>>stream [�h��g͞3w��3'M�2ubo_��ή�ֶ��Ʀ�ں��ʪ�Ҳ�¢�ܼ��̬���Ԕ�Ą��ؘ�Ȉа����@_?O/o7wgWG'{;[k+Ks3SC#c]=}M-mU5u E%eY9yI)iQ1q A!a^>~N.nV6vF&f�_LXOHi6Ox�2��r���� � �@ /Tx BMC - endstream endobj 748 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream �PD���)�Y�k�����FX�M�"��?xH1�9� b�j����υUR��}aD岺�~?|X�m����L8:���A���D�%FS&1�JB[��3veOcp\�` %�J endstream endobj 761 0 obj <>/Subtype/Form/Type/XObject>>stream - endstream endobj 776 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Summary of “PPP Second Draw” Program This document is subject to change as additional guidance is provided by the SBA. You have used up your first PPP loan ; Your business was operational before February 15, 2020; Your business is still open and operational; You have no more than 300 employees; If your business has multiple locations, you have no more than 300 … Step by step instructions on how employers can apply for PPP 2 Second Draw Loan via Kabbage. Applications for first and second draw PPP loans will follow a multi-step review and approval process involving both People’s United and the SBA. I don’t think that is correct on the one ppp loan per round There is round one and round two Then there is draw one and draw two During round one ( which I believe was actually 2 rounds ) you were only allowed one application or one draw. First, calculate your payroll using our ‘ PPP Guide for Businesses with Payroll’ for... 2) Find Your First Draw PPP Information. /Tx BMC %%EOF Second Draw PPP loans – The Economic Aid Act authorizes a second round of PPP loans (called “Second Draw loans”) to borrowers who have already received a PPP loan. Some highlights of the PPP loan program include: First time borrowers are eligible to apply. Q: If a customer did not participate in the first draw of PPP, does this make them ineligible for the second draw? "n� SBA Issues Application Forms for New and "Second-Draw" PPP Loans. H�4ͱ /ZaDb 6.462 Tf You have to spend at least 60% of the loan on eligible costs to qualify for full forgiveness on the Second Draw loan — just like a PPP loan. �@��~�bJm�ݽ;r������ X��!�4�c��T�JM�M~��R���C��3��������� }�p��,��#�Xr�t�6�E\�vy�x�8�'� \� endstream endobj 775 0 obj <>/Subtype/Form/Type/XObject>>stream : 3245-0417 Expiration Date: 7/31/2021 . Then, fill in your NAICS code. SBA began accepting applications for Second Draw PPP Loans on January 13, 2021. EMC You will need your 10-digit SBA/E-Tran number from your first loan to complete the PPP Second Draw loan application. 1�~�bJm��M�%�hg#,v�ށ���?�;�b�70c��T�JM�M~��R8�-E]�>0Z����/x�� ���z;�Y$�3F$��tjm����1N�o�M�2^8��0 #�. If you are interested in applying for a First PPP loan, please visit the “First PPP Loan” tab on the previous page. endstream endobj 740 0 obj <>/Subtype/Form/Type/XObject>>stream Completed PPP Application Form – 2483-SD o Include your contact name and email address. Maximum Loan Amount •The lesser of: � endstream endobj 745 0 obj <>/Subtype/Form/Type/XObject>>stream �@D���)�Yo�ns�VLg#,v�&`P��RL�o�5H�2�����ˆ �eu�&~�@� ,�l����L8:���A���H�D���R*� k�����=���q�_� { endstream endobj 783 0 obj <>/Subtype/Form/Type/XObject>>stream Average Monthly Payroll calculation detail 3. Second Draw PPP Loans. endstream endobj 799 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 795 0 obj <>/Subtype/Form/Type/XObject>>stream Once your application is submitted, it may take several days for it to be validated and then reviewed by the SBA. H�2�375�4VH�2P0P04г06Q��326U(J�J�2�3U aK��L�� � B1d endstream endobj 778 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream %PDF-1.6 %���� �PD���)�Y�k�����FX�M�"��?xH1�9� b�j����υUR��}aD岺�~?|X�m����L8:���A���D�%FS&1�JB[��3veOcp\�` %�J endstream endobj 765 0 obj <>/Subtype/Form/Type/XObject>>stream / endstream endobj 760 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream : 3245-0417 Expiration Date: 7/31/2021 Check One: Sole proprietor Partnership C-Corp S-Corp LLC Independent contractor Self-employed individual 501(c)(3) nonprofit 501(c)(6) organization 501(c)(19) veterans organization Housing cooperative Tribal business Other _ _____ DBA or … h��;KQ�g&hVE|TZY>Z�B,����,������X�?�M:���A���B�=Wسqb��|gN�̽�YS�A1���(���G}K���Q�L]ҍ��+�n���I���|���o�rZ��7s��:k SzJD H�2TH�2P0P04г06U��326Q(J�J�2�3U aK��L�� � $ To be eligible for a second-draw loan, the borrower must have used, or will use, the full amount of the … The PPP loan program is evolving fast with new rules on Second Draw applications, including a 2-week pause on companies with 20 or more employees and new calculations for sole proprietors. [s��E���F�˼h�kF�7:ՙj���&�Ծ��s',��|�RX��җM�����jobm�fY��SmY�(�R=�=��4���9k]�R.�eȦ>�}�u-�-�S555u5 5���*x_���\W��Z/�������|��uQ�:~~?���._]-.�'���a��O����Fp�Ⱥ� Am#m�J[�$#8�Z��e��#�Տ��ytVT�i:"2xɨ�%����"[ٽ���E-˛Rk>���\,�X^L���X�/O�? The most significant development in the legislation for small businesses is a second round of PPP loans. The SBA’s PPP portal does not allow a lender to upload a borrower’s application for a second-draw PPP loan if the borrower has submitted a first-draw PPP loan forgiveness application that is still pending with the SBA. The program is now open to all participating lenders for first and second Draw loan applications. : 3245-0407 Expiration Date: 7/31/2021. Section 11 of H.R. Filling out the PPP second-draw loan application Download the second-draw PPP loan application. This application is for those that have already received a Paycheck Protection Program (PPP) loan and are interested in applying for a Second Draw loan. That validation process may return a hold code or error code that requires input from the Lender before the second draw loan will receive a loan number from the SBA. On January 8, 2021, the Small Business Administration (SBA) issued revised Paycheck Protection Program (PPP) Borrower Application forms for new “first-draw” loans and “second-draw” loans for prior PPP borrowers. The application for "second-draw" loans opened to all eligible borrowers on Jan. 19. Second draw PPP loans are intentionally narrower and smaller in terms of eligibility and amount. Please review the SBA PPP Checklist and the Second Draw Borrower Information Sheet for the documents that may be needed to process your Forgiveness Application. IMPORTANT NOTE: Borrowers who previously returned some or all of their First Draw PPP Loan funds or did not accept the full amount will also need to submit a Borrower Application Form, SBA Form 2483 to apply … �@D���)�Yo�ns�VLg#,v�&`P��RL�o�5H�2�����ˆ �eu�&~�@� ,�l����L8:���A���H�D���R*� k�����=���q�_� { endstream endobj 787 0 obj <>/Subtype/Form/Type/XObject>>stream Jan.11.2021. %PDF-1.6 %���� List of required PPP application documents – Second Draw 1. OMB Control No. EMC ��S��&�`D$$ʐ��`|�I��*D58dS��L�����0�o �&�G�!|��@���7Ϟ�|��"�_8w�ڍ�ׯ^^�b��K�. You can read our guide to apply for a Second Draw loan for step-by-step instructions. - endstream endobj 780 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream If you are applying for a “First Draw” PPP Loan (this is your first PPP application), there are different documents that you’ll need. To apply for the PPP money, contact your local bank or apply online using one of a number of online companies: PayPal, OnDeck, Kabbage, Biz2Credit, Intuit. H�2TH�2P0P04г06Q��326S(J�J�2�3U aK��L�� � ? H�4�� Simply insert the quarterly revenues for 2019 and 2020 and the calculator will let you know if your business is eligible for a second PPP loan. PPP Second Draw Borrower Application Form – CLICK HERE 2. / endstream endobj 772 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Be sure to gather and upload the following documents into our Online PPP Portal. ���[��`ƧY�3r02Y�@�f�H43T��M�!�!�3�t&C��3U?I �����&�CM���0r2�b�e�e��(���a���Q�χ���Ed#�L>��F!�}�Lt}%�0&ƿ�=l��؋�Eَ����&ɰx����L�X��0�``���p��&g� #c?�5L�Ę You can’t apply for a first-draw PPP loan AND a second-draw PPP loan at the same time, but if you act quickly, you can get your first draw funding and spend it in a legal fashion (i.e., on payroll expenses—which in the case of independent contractors, eligible self-employed individuals, or sole proprietors means paying yourself), and immediately apply for a second draw PPP loan if …