Sole proprietors, independent contractors, self-employed individuals, other 1099 applicants:
- Most recent tax return for 2019 or 2018, or CPA-prepared financial statements
- Business start date
- Copy of photo ID (front and back)
- Monthly payroll report (Note: many payroll providers already have a report setting available for PPP loans, so please check with your provider)
- Voided Check
- SBA Form 2483
- 2019 IRS Form 1099-MISC for independent contractors or Form 1040-C for sole proprietorships
- (If applicable) Medical Insurance payment verification, documentation confirming retirement benefits and any Economic Injury Disaster Loan (EIDL) statement
Other businesses:
- 2019 Payroll Cost and YTD Payroll Cost through February 15, 2020
- Number of employees as of December 31, 2019
- Number of employees as of February 15, 2020
- Industry or business classification (NAICS Code which can be found on tax return)
- IRS Form 940 Employers Annual Federal Unemployment Tax Return (FUTA)
- IRS Form 941 Employer’s Quarterly Federal Tax Return
- Payroll Summary Report 2019 with corresponding bank statements
- W2 Summary
- List of employees earning more than $100,000 in compensation (salary, wages, commission and tips)
- 1099 Summary
- Breakdown of payroll benefits (vacation, allowance for dismissal, group healthcare benefits, retirement benefits, etc.)
