Required Application Documents for 1st and 2nd PPP Loans

All Applicants:

SBA Quick Loan Application (choose one)

Note: If multiple owners, one signature from an authorized representative is ok.

Driver's License - color photo of driver's license, front and back, for all owners of 20%+ (passport acceptable as well)​​ (p (

Organizational Documents - for business entities (e.g., Articles of Incorporation, Certificate of Formation, etc.)

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 for any employees earning over $100k

  • Monthly payroll statement or business bank account that includes February 2020 

  • PPP Payroll Report if available - payroll providers like ADP, Paychex and Gusto offer a report for PPP loans. Please check with your provider.

Proof of Other Payroll Expenses (if any) - e.g., health plan payments, retirement contributions, state unemployment taxes

​Tax Return for 2019 (or if not available, then a 2019 P&L)

For 2nd PPP Loans over $150,000:

Proof of revenue decline of 25% in any quarter of 2020 compared to 2019. You can also qualify if providing a P&L for full-year 2019 and 2020 and showing a full-year revenue decline of 25%+.

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:

2019 or 2020 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)

New PPP loans are finally here.  Apply now! 
No cost to you - get started now, while funds are still available.

© 2020 by Everfund Commercial Capital, LLC

Everfund Commercial Capital, LLC

2200 Wilson Blvd, Suite 102-38

Arlington, Virginia 22201

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