Gross Receipts Comparison Worksheet for Second Draw …

1 Gross Receipts Comparison Worksheet for Second Draw PPP Loans Important: Truist Bank requires every applicant for a Second Draw PPP Loan to complete this Worksheet and to submit the completed and certified Worksheet with the relevant documentation demonstrating the applicant s reduction in Gross Receipts . Failure to submit the completed and certified Worksheet may significantly delay the processing of your application. Applicants for Second Draw Loans of $150,000 or less may elect to wait to provide documentation demonstrating a 25% or greater decline in Gross Receipts to confirm eligibility for a Second Draw Loan until they file their loan forgiveness application. An applicant that elects to wait to provide documentation demonstrating such decline in Gross Receipts does not need to complete this Worksheet until the documentation demonstrating the decline in Gross Receipts is submitted.

2 Applicants with affiliates must complete and certify a separate Worksheet for the applicant and each affiliate unless the applicant is providing audited consolidated financial statements for 2019 and 2020 or the relevant quarters of 2019 and 2020. Special rules relating to affiliates can be found on the SBA s website at Gross Receipts include all revenue in whatever form received or accrued (in accordance with the applicant s accounting method) from whatever source, including from the sales of products or services, interest, dividends, rents, royalties, fees, or commissions, reduced by returns and allowances. The following items are not included in Gross Receipts : net capital gains and losses, taxes collected for and remitted to a taxing authority if included in Gross or total income (such as sales or other taxes collected from customers and excluding taxes levied on the concern or its employees); proceeds from transactions between a concern and its domestic or foreign affiliates; and amounts collected for another by a travel agent, real estate agent, advertising agent, conference management service provider, freight forwarder or customs broker.

3 The preceding information is provided for general reference purposes only. The applicant is solely responsible for determining Gross Receipts amounts for use in determining eligibility for a Second Draw PPP Loan. Applicant must show one of the following (i) Gross Receipts during the first, Second , third, or fourth quarter in 2020 were at least 25 percent lower than Gross Receipts during the same quarter in 2019; or (ii) if Applicant was not in business during the first or Second quarter of 2019, but was in business during the third and fourth quarters of 2019, Gross Receipts during the first, Second , third, or fourth quarter of 2020 were at least 25 percent lower than Gross Receipts during the third or fourth quarter of 2019; or (iii) if Applicant was not in business during the first, Second , or third quarter of 2019, but was in business during the fourth quarter of 2019, Gross Receipts during the first, Second , third, or fourth quarter of 2020 were at least 25 percent lower than Gross Receipts during the fourth quarter of 2019.

4 Or (iv) if Applicant was not in business during 2019, but was in operation on February 15, 2020, Gross Receipts during the Second , third, or fourth quarter of 2020 were at least 25 percent lower than Gross Receipts during the first quarter of 2020; or (v) if Applicant was in operation in all four quarters of 2019, Gross Receipts during 2020 were at least 25 percent lower than Gross Receipts in 2019 Name of Applicant (or affiliate): _____ Gross Receipts Information for 2019: 2019 Measurement Period (check one): Annual or Single Quarter _____ [insert beginning and ending dates of quarter selected; must correspond with quarter selected for 2020] If Applicant was not in business during 2019 use numbers for 2020 1st Quarter to complete this page. 2019 Documentation Type (check one): Tax Forms _____ [insert IRS form numbers and dates] Income Statement _____ [insert specific statement name(s) and date(s)] Bank Statements _____ [insert specific statement date(s)] Other _____ [Insert description of document(s) and date(s)] Gross Receipts calculated by aggregating the following (check all that apply and insert line number or entry date for item on source document): $_____ Gross Revenue from sales and services.

5 [Line Number] [Entry Date(s) __] $_____ Interest Income [Line Number __] [Entry Date(s) __] $_____ Dividend Income [Line Number __] [Entry Date(s)__] $_____ Rental Income [Line Number __] [Entry Date(s) __] $_____ Royalty Income [Line Number __] [Entry Date(s) __] $_____ Fee Income [Line Number __] [Entry Date(s) __] $_____ Commission Income [Line Number __] [Entry Date(s)__] $_____ Other Income Item [Line Number __] [Entry Date(s) __] $_____ Other Income Item [Line Number __] [Entry Date(s)__] $<_____> Returns and Allowances [Line Number] [Entry Date(s)] $_____ Amount of Gross Receipts Name of Applicant (or affiliate): _____ Gross Receipts Information for 2020: 2020 Measurement Period (check one): Annual or Single Quarter _____ [insert beginning and ending dates of quarter selected; must correspond with quarter selected for 2019] 2020 Documentation Type (check one): Tax Forms _____ [insert IRS form numbers and dates] Income Statement _____ [insert specific statement name(s) and date(s)] Bank Statements _____ [insert specific statement date(s)] Other _____ [Insert description of document(s) and date(s)] Gross Receipts calculated by aggregating the following (check all that apply and insert line number or entry date for item on source document: $_____ Gross Revenue from sales and services.)

6 [Line Number] [Entry Date(s) __] $_____ Interest Income [Line Number __] [Entry Date(s) __] $_____ Dividend Income [Line Number __] [Entry Date(s)__] $_____ Rental Income [Line Number __] [Entry Date(s) __] $_____ Royalty Income [Line Number __] [Entry Date(s) __] $_____ Fee Income [Line Number __] [Entry Date(s) __] $_____ Commission Income [Line Number __] [Entry Date(s)__] $_____ Other Income Item [Line Number __] [Entry Date(s) __] $_____ Other Income Item [Line Number __] [Entry Date(s)__] $<_____> Returns and Allowances [Line Number] [Entry Date(s)] $_____ Amount of Gross Receipts Gross Receipts Comparison Summary: 1. Gross Receipts from Page One of Worksheet relating to 2019 $_____ 2. Gross Receipts from Page Two of Worksheet relating to 2020 $_____ 3. Amount from line 2 expressed as a percentage of the amount from line 1: _____% Is the percentage inserted on line 3 less than or equal to 75%?

7 ____ Yes ____ No [check one] CERTIFICATIONS: The Authorized Representative of the Applicant (or affiliate if applicable) must certify to all of the below by initialing next to each item: _____ I certify that I have the authority to sign and submit this Worksheet on behalf of the Applicant (or Affiliate if applicable). _____ I certify that the information provided in this Worksheet , any related worksheets for affiliates and the documentation provided in connection with this Worksheet and/or any related worksheets for affiliates identifies all known affiliates of Applicant and is true and correct in all material respects. I make this certification after reasonable inquiry of people, systems, and other information available to Applicant. _____ I understand that knowingly making a false statement to obtain a guaranteed loan or forgiveness of an SBA-guaranteed loan is punishable under the law, including under 18 1001 and 3571 by imprisonment of not more than five years and/or a fine of up to $250,000; under 15 645 by imprisonment of not more than two years and/or a fine of not more than $5,000; and, if submitted to a federally insured institution, under 18 1014 by imprisonment of not more than thirty years and/or a fine of not more than $1,000,000.

8 _____ Signature of Authorized Representative of Applicant (or Affiliate) Print Name: _____ Title: _____ Date: _____