PPP Loan Document Checklist

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□ Completed SBA Application for each 20% or more owner.

□ Articles of Incorporation/Organization of each borrowing entity

□ EIN Letter from IRS or first page of the Company tax return in order to confirm Tax ID

□ Bylaws/Operating Agreement of each borrowing entity

□ Copies of all owners’ Driver’s Licenses

□ Average monthly payroll for 2019 for businesses existing in 2019

□ For new business in 2020, average monthly payroll from January 1, 2020 to February 29, 2020.

□ Payroll Expense Verification documents to include:

• IRS Form 940 and 941

• Payroll Summary Report with number of employees and corresponding bank statement

If Payroll Summary Report is not available, Employee Pay Stubs as of February 15, 2020 (or corresponding period) with corresponding bank statement, and
Breakdown of payroll benefits (vacation, allowance for dismissal, group healthcare benefits, retirement benefits, etc.) • 1099s (for independent contractors) • Certification that all employees live within the United States. If any do not, provide a detailed list with corresponding salaries of all employees outside of the United States

□ Most Recent Mortgage Statement or Rent Statement (Lease)

□ Most recent utility bills (Electric, Gas, Telephone, Internet, Water)