1) What needs to happen with respect to 1st draw forgiveness before applying for 2nd draw - use of 100% of 1st draw funds for approved purposes, submission of forgiveness app, approval of forgiveness app? How long does it typically take to receive forgiveness from the time of submission, assuming all is in order and a straightforward case?
2) Regarding forgiveness, do I get the form from my lender or from SBA? And do I submit it through my lender or directly to SBA? Will I need to submit supporting documentation of the expenses I used the money for, or just fill out the amounts and self-affirm that they are valid and accurate?
3) What needs to happen by 3/31 for 2nd draw - application submitted, application, approved, or account funded?