Required documents for Paycheck Protection Program (PPP) loan application

required documents for paycheck protection program loan application

The SBA is no longer accepting applications for PPP loans. If you received a PPP loan through Kabbage, sign into your dashboard for updates on loan forgiveness.

The Paycheck Protection Program provides nearly $350 billion for small business cash-flow assistance through federally guaranteed loans. The loans can cover payroll support, employee salaries, rent, utilities and other debt obligations as America’s small businesses recover from the economic impacts of COVID-19.

Loans from the Paycheck Protection Program will be available for amounts equaling 2.5 times the average monthly payroll for a business, up to $10 million. Through Kabbage, small businesses can apply for PPP loans of up to $2 million. The funds are eligible for 100% forgiveness if your business follows the PPP’s forgiveness requirements issued by the Small Business Administration. To determine your business’s eligibility for one of these loans, we’ll need to look at your payroll costs in addition to other information about your business.

Before you start the application, here is a list of documentation you may need on hand.

What documents do I need for my Paycheck Protection Program loan application?

Note: When you submit documents, be sure to upload just one document at a time.

If your business is any of the following:

Corporation, Professional Corporation, General Partnership, LLC, Nonprofit

All businesses of this type should provide the following
If you have employees outside the USW-2s for employees living abroad
If you have employees making over $100,000W-2s for employees making over $100K

*Examples of Organizational Documents include: Articles of Incorporation, Certificate of Existence, Certificate of Organization, State LLC Agreement, Certificate of Formation or Articles of Information

If your business is any of the following:

Sole Proprietorship, Independent Contractor, Self-employed, Single member LLC

If you have employeesIf you do not have employees
All businesses of this type should provide the following
  • Color copy of government issued ID (front and back)
  • 2019 1040 Schedule C**
  • Substantiation of self employment

  • 2020 invoice, bank statement or book of record to establish you were operating effective

**If you have not completed 1040 Schedule C for 2019, fill it out and compute the value for line 31. We cannot accept this form for previous years. If line 31 on the 1040 Schedule C is less than $2,400, your business is not eligible for a PPP loan.