PPP 2021 for New Clients
Now Accepting PPP Applications for New Clients of the Bank
Accepting PPP Loan Applications from New Clients of Affinity Bank and Newton Federal
The SBA is officially opening the second draw PPP program Wednesday, January 13th. We began accepting applications from existing clients of the bank on Monday, January 11th.
If you would like to apply for a second draw loan, please send your information to ppp2021@myaffinitybank.com. We cannot emphasize the importance of only sending a single email.
FIRST STEP – SELECT APPLICATION
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- Second Draw for Filing Under Schedule C, using Gross Income (Use this form only if the applicant files an IRS Form 1040, Schedule C, and uses Gross Income to calculate PPP loan amount.) SBA Form 2483-SD-C (3/21) >>
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- Second Draw for All Other Applications SBA Form 2483-SD (3/21) >>
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- First Draw for Filing Under Schedule C, using Gross Income (For those applying for the first time, use this form only if the applicant files an IRS Form 1040, Schedule C, and uses Gross Income to calculate PPP loan amount.) SBA Form 2483-C (3/21) >>
- First Draw for All Other Applications – SBA 2483 PPP Borrower Application webpage>>
- First Draw for Filing Under Schedule C, using Gross Income (For those applying for the first time, use this form only if the applicant files an IRS Form 1040, Schedule C, and uses Gross Income to calculate PPP loan amount.) SBA Form 2483-C (3/21) >>
SECOND STEP – PROVIDE SUPPORTING INFORMATION
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- Borrower Acknowledgement Form >>
- Competed PPP Funding Document – Request of Deposit of SBA Paycheck Protection Program Loan Proceeds Form >>
- Financials validating your “average monthly payroll” figure. This will expedite your application process. You can use either 2019 financials or 2020 financials. Remember to “cap” each employee at $100,000.
- Financials proving a 25% reduction in total revenue. This may be omitted if less than $150,000, but you will have to provide this information to be eligible for any forgiveness.
- Beneficial Ownership Certification PDF >>
- 2019 Business Tax Return
- Corporate Documents
- Valid Driver’s License(s) for Owner(s)
Once you have everything together, please send ONE email with all required documentation to ppp2021@myaffinitybank.com.
We cannot guarantee that your application will be processed if you send multiple emails.
We also ask for your patience returning calls and emails. There will be a delay as we work diligently to process applications.
