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Apr 2, 2020 · Frequently asked questions and walkthroughs of how to apply for a PPP loan. Learn what documents you'll need, when you can apply, and more.
- Start My PPP Application
START APPLICATION. The Paycheck Protection Program (PPP) is...
- Start PPP Application.
START APPLICATION. The Paycheck Protection Program (PPP) is...
- PPP Overview
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- Start My PPP Application
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The required documents you'll need to apply for a PPP loan will depend on if you are a business with employees or work for yourself. Our FAQ has answers.
- Small businesses with employees are required to account for payroll for their employees, and thus should expect to supply appropriate documentation...
- IMPORTANT UPDATE: The SBA has announced updates to the PPP. As of February 2021, borrowers using Schedule C may use their gross income (line 7) in...
- Most SBA-approved lenders have been requiring an IRS Form 1040 and Schedule C as part of the PPP application for non-employers, and while it may be...
- Form 1040 is the standard form people use to report income to the IRS. It’s also where you claim deductions, credits, calculate refund or tax bill...
- A Schedule C Form is used to report income or loss from your business or the profession you practiced as a contractor, gig worker, etc. You need t...
- A Schedule F Form is used to report taxable income earned from farming or agricultural activities. A Schedule F Form looks like this: Learn more a...
- Yes. We recommend you complete your IRS Form 1040 and Schedule C accurately and submit them to your PPP lender with your other documentation. You c...
- Most lenders will accept scanned or mobile photos of the required documents. It’s important to make sure that any documents you send to your lender...
- IMPORTANT UPDATE: The SBA has announced new updates to the PPP for 2021. Most importantly, borrowers using Schedule C may elect to use their gross...
If your PPP loan was for $150,000 or less, AND if your lender has opted-in to the use of the platform, you will be able to submit your PPP loan forgiveness application online directly to the SBA, using the electronic equivalent of SBA Form 3508S.
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