Borrower Checklist for PPP Loans
PPP Borrower Checklist Please refer to this borrower checklist as you complete your application.
First Draw Loans
First Draw – Calculation of Loan Amount Use this calculator to confirm your requested loan amount based on federal tax filing status.
First Draw – Addendum A Complete this addendum if you have ownership in or common management with other businesses.
First Draw – Addendum B Complete this addendum if you obtained an EIDL between January 31, 2020 and April 3, 2020.
First Draw – Addendum C Complete this addendum if the applicant borrower has more than two owners of 20% or more.
Second Draw Loans
Second Draw – Addenda Complete this document to support your loan request.
- Addendum A is required for the applicant borrower. Please also include any affiliates, if applicable.
- Addendum B will calculate automatically based on the information entered into Addendum A. At least one quarter must turn green and return “Qualifies” in order to be eligible for a second draw PPP loan.
- Complete Addendum C if the applicant borrower has more than two owners of 20% or more.
- Complete the tab that corresponds to the federal tax filing status for the applicant borrower to confirm the requested loan amount.
Submission to First State Bank
Please attach the completed documents to your application or forward the completed documents to PPPsupport@bankfirststate.com. You may also reach out to your lender directly or call (800) 994-2500 for assistance.