COVID-19 SBA PPP Loans
Required Documents
All Applicants:
SBA Quick Loan Application - (Click to download the application.)
-
If multiple owners, one signature from an authorized representative is still ok.
Driver's License - color photo of driver's license, front and back, for all owners of 20%+ (passport acceptable as well) (p (
Corporate Documents - for business entities
-
Organizational Documents (e.g., Articles of incorporation / Partnership Agreement / LLC Operating Agreement)
-
NAICS code (this typically on the front page of your business tax return, or box B of your Schedule C)
Any Business with W-2 Employees:
Payroll Documents
-
Form 940 for 2019
-
Form 941s for 2019 and Q1 2020
-
Copies of 2019 employee W-2's
-
Monthly payroll statements for 2019 and Jan-Feb 2020 (Note: Payroll providers like ADP, Paychex and Gusto already have a report setting available for PPP loans. Please check with your provider.)
Proof of Other Payroll Expenses (if any)
-
These can include health plan payments, retirement contributions, state unemployment taxes
2019 Tax Return or if not available, then a 2019 P&L
Bank Statements - Jan and Feb 2020
Special Situations - Business Entites
-
If Seasonal Business
-
Payroll reports for 12-week period starting Feb, 15 2019 or March 1, 2019
-
-
If Business Entity Not Operational from Feb 15, 2019 to Jun 30, 2019
-
Payroll reports for Jan 2020 through Feb 2020
-
Independent Contractors and Sole Proprietors:
(Note: we are currently not offering loans for Independent Contractors. The requirements below are still applicable, however, to any PPP lenders that do offer loans to ICs.)
Last filed tax return
-
If 2019 not available, then submit 2018
-
If 2019 not available, a 2019 Schedule C is required (it's ok that this is prior to filing your complete 2019 return). Here are links to download from IRS.gov a blank 2019 Schedule C and the instructions for Schedule C.
Any 1099 forms received for 2019
Verification of continued self-employment as of Feb 15, 2020 (such as an invoice or bank statement)