What Will Be The Required Application Documents For The PPP?

Here is a list of what we believe you'll need for a lender to process your PPP application:

  • Completed Application
  • Completed SBA Paycheck Protection Program Application Form (SBA Form 2483)
  • Articles of Incorporation/Organization of each borrowing entity
  • By Laws/Operating Agreement of each borrowing entity
  • All owners Driver’s Licenses (front and back)
  • Certification Form executed by the recipient
  • Payroll Expense verification documents may include, but not limited to, the following (subject to change once SBA guidelines have been released): 
    • IRS Form 940 and 941
    • Payroll Summary Report with corresponding bank statement
    • If a Payroll Summary Report is not available, Employee Pay Stubs as of February 15, 2020 (or corresponding period) with corresponding bank statement
    • Breakdown of payroll benefits (vacation, allowance for dismissal, group healthcare benefits, retirement benefits, etc.)
    • 1099s (if Independent Contractor)
    • Certification that all employees live within the United States. If any employees do not live in the Unites States, provide a detailed list with corresponding salaries of all employees outside the United States
    • Trailing twelve-month profit and loss statement (as of the date of application) for all applicants.
  • Most recent Mortgage Statement or Rent Statement (Lease)  
  • Most recent Utility Bills (Electric, Gas, Telephone, Internet, Water)