Only include supporting documentation if used to calculate loan amount.
 

4. Payroll Tax Reports
Completed Payroll Tax reports filed (Forms 941, 940, State income & unemployment tax filing reports) for all of 2019 and 1st Qtr 2020 (if applicable).
Please name your file: your-business-name-payroll-tax.pdf
 

5. Payroll Reports
Copies of payroll reports for YTD 2019 ( or applicable time-frame per the instructions). Such reports should include gross wages including PTO (which might include vacation, sick, and other PTO). Please reconcile this (show your work) to the calculation including limiting compensation for employees over $100k.
Please name your file: your-business-name-payroll-report.pdf
 

6. Health Insurance Premiums Report
Documentation reflecting the health insurance premiums paid by the company under a group health plan including owners of the company for 2019. Copies of the monthly invoice are sufficient. ONLY INCLUDE IF YOU ARE USING THIS IN THE LOAN CALCULATION.
Please name your file: your-business-name-health-insurance.pdf
 

7. Retirement Plan Funding Report
Documentation of all retirement plan funding by the employer for 2019. Copies of workpapers, schedules and remittances to the retirement plan administrator is sufficient. ONLY INCLUDE IF YOU ARE USING THIS IN THE LOAN CALCULATION.
Please name your file: your-business-name-retirement-plan.pdf
 

8. Additional Documents

These additional documents may be required if applicant has not requested a loan from the bank since March 2018:

• Operating Agreements
• By Law Documentation
• Partnership Agreements
• Beneficial Ownership Form
• Drivers Licenses from Signors on the Beneficial Ownership Form

Only include supporting documentation if used to calculate loan amount.
 

4. Board Resolution Authorizing the PPP Loan
Documentation of a Board Resolution authorizing the PPP Loan and who will be the signors on the loan.
Please name your file: your-business-name-board-resolution.pdf
 

5. Payroll Tax Reports
Completed Payroll Tax reports filed (Forms 941, 940, State income & unemployment tax filing reports) for all of 2019 and 1st Qtr 2020 (if applicable).
Please name your file: your-business-name-payroll-tax.pdf
 

6. Payroll Reports
Copies of payroll reports for YTD 2019 ( or applicable time-frame per the instructions). Such reports should include gross wages including PTO (which might include vacation, sick, and other PTO). Please reconcile this (show your work) to the calculation including limiting compensation for employees over $100k.
Please name your file: your-business-name-payroll-report.pdf
 

7. Health Insurance Premiums Report
Documentation reflecting the health insurance premiums paid by the company under a group health plan including owners of the company for 2019. Copies of the monthly invoice are sufficient. ONLY INCLUDE IF YOU ARE USING THIS IN THE LOAN CALCULATION.
Please name your file: your-business-name-health-insurance.pdf
 

8. Retirement Plan Funding Report
Documentation of all retirement plan funding by the employer for 2019. Copies of workpapers, schedules and remittances to the retirement plan administrator is sufficient. ONLY INCLUDE IF YOU ARE USING THIS IN THE LOAN CALCULATION.
Please name your file: your-business-name-retirement-plan.pdf
 

9. Additional Documents

These additional documents may be required if applicant has not requested a loan from the bank since March 2018:

• Operating Agreements
• By Law Documentation
• Partnership Agreements
• Beneficial Ownership Form
• Drivers Licenses from Signors on the Beneficial Ownership Form

This section is only for Independent Contractors and Sole Proprietors

Only include supporting documentation if used to calculate loan amount.

Independent Contractors: You are an Independent Contractor if you are issued 1099-MISC forms.

Sole Proprietors are small businesses without incorporation who report income and pay taxes on a Schedule C in your personal tax return. If your business is a C CORP (Inc.) OR S CORP (LLC), you are NOT a Sole Proprietor and must follow the rules for a small business.

Requirements:

• If you are receiving unemployment – you are not eligible for a Paycheck Protection Program Loan (PPP). We highly recommend you consider which program is right for you before applying.
• Sole Proprietor was operational as of February 15, 2020

 

4. 2019 1099-MISC for Independent Contractors ONLY
Must provide 1099-MISC documentation to support if YOU are an independent contractor. You will need to provide your 2019 tax return filed (or to be filed) as well as all forms 1099-MISC from 2019. Payments to independent contractors are not eligible for this program.

You may only claim up to $100,000. Provide this calculation in the PPP calculator available. ONLY INCLUDE IF YOU ARE USING THIS IN THE LOAN CALCULATION.
Please name your file: your-business-name-1099.pdf
 

5. 2019 Schedule C for Sole Proprietors ONLY
Your business income must be reported on a Schedule C on your personal tax return. Your salary will be determined by your net profit. If you were operational in 2019 and have filed your 2019 taxes, this will be reported on line 31 of your Schedule C.

You may only claim up to $100,000. Provide this calculation in the PPP calculator available. ONLY INCLUDE IF YOU ARE USING THIS IN THE LOAN CALCULATION.
Please name your file: your-business-name-Schedule-C.pdf