Business Legal Name

Business Address

Business Taxpayer Identification Number (TIN)

• Employer Identification Number (EIN) | Social Security Number (SSN)

Business Phone Number

Primary Contact

Email Address

Here’s a guide on what may classify as payroll expenses:

• Payroll costs INCLUDE: employee salary, wages and commissions; payment of cash tips; payment of vacation; parental, family, medical or sick leave; allowance for dismissal or separation; payment required for group health benefits (including insurance premiums); payment of retirement benefits; or payment of state or local tax assessed on employee compensation; and for sole proprietors or independent contractors, income or compensation not in excess of $100,000 per employee.
• Payroll costs EXCLUDE: compensation of an individual person in excess of $100,000 (when annualized); compensation to an employee whose principal residence is outside of the U.S.; qualified sick leave for which a credit is allowed under Section 7001 of the Families First Coronavirus Response Act; and qualified family leave wages for which a credit is allowed under Section 7003 of the Families First Coronavirus Response Act.

If you are using a payroll vendor such as Quickbooks, Gusto, BambooHR or any other payroll/accounting software, you should be able to run a report to obtain this information. You could also contact your support team, if you process your payroll in-house, or accountant to retrieve the required information.

Provide copies of any documents you may have available to include:

• Form 941 - Employer's Quarterly Federal Tax Return
• Form 944 - Employer's Annual Federal Tax Return
• Form 1099-Misc - Miscellaneous Income

While proof of office expenses may not be necessary for the loan, this will help with calculating how much of the loan proceeds could be forgiven for the 8-week period following loan disbursement.

This must reflect the established date of legal creation.

• 2019 Schedule K-1s (required for S corporations); OR
• 2018 Schedule K-1s with a statement explaining how/if 2019 ownership is different; OR
• 2019 Form 1065 (U.S. Return of Partnership Income) if incorporated as a partnership.
• For single-member LLCs, ownership is verified in personal 1040 Tax Return Schedule C; OR
• Bylaws or Operating Agreement that explicitly state current ownership percentages;

• Each 20%+ owner must be accounted for when responding to required certifications in the PPP application form.
• Along with each owner’s TIN, EIN or SSN, lenders may also require a government-issued ID such as a state-issued Driver’s License.
• For alternative forms of ID, see the USCIS list of acceptable List A and List B documents (not List C).

While there’s no field for it on the SBA form, it’s helpful to have your bank routing # and account # ready upon request, as the lender will use this information to wire loan proceeds if they receive an approval from the SBA. Routing numbers are nine-digit numbers that identify the financial institution that holds your bank account. If the account number is misidentified, the wrong bank account will be credited. If you’re unsure, you can find your routing information in one of four places:

• The bottom of your checks
• By logging into online banking
• On your financial institution’s website, or
• Look it up on the ABA website by inputting your bank’s name and its location.

Approval from the board/ Board resolution. Here's a template.