Second Draw Borrower Application Form for Schedule C Filers Using Gross Income

Here you can find Second Draw Borrower Application Form for Schedule C Filers Using Gross Income.

The Second Draw Borrower Application Form for Schedule C filers using gross income refers to the application form used by businesses that file a Schedule C to apply for a Second Draw Paycheck Protection Program (PPP) loan. The PPP is a U.S. government program designed to provide financial assistance to small businesses affected by the COVID-19 pandemic.

The Schedule C form is a part of the individual income tax return (Form 1040) filed by sole proprietors, independent contractors, and single-member LLCs. In the context of PPP loans, Schedule C filers can calculate their loan amount using their gross income rather than net income.