To streamline the application process and ensure you’re able to complete the full application using our automated platform, please check out which documents you should have ready as a Corporation or LLC that files as a Corporations:
1. Driver’s License / Photo ID
2. Voided Check
3. Bank Statements
Please provide a bank statement that covers 2/15/2020 as proof that the Applicant was in business as of 2/15/2020. If available, bank statements that are downloaded from your bank’s website will work better than scanned versions.
To substantiate health insurance (line 24 of 1120 line 24 or line 18 of 1120-S) or retirement benefits (line 23 of 1120 or line 17 of 1120-S) to employees
5. Proof of Payroll Form 940
*Applicable only if you have employees*
While it is preferable to provide a 940, you may provide four 941 quarterly forms instead. If you choose to provide 941’s instead of a 940, please make sure that they are four consecutive quarters covering your full calculation period (2019 or 2020). Using 941’s may require a manual underwriting which can delay your application.
As far as banks go, Live Oak Bank is incredibly young. In relatable human equivalency, it’s not even a teenager yet. The FDIC-insured bank was only just founded in 2008, so it’s been around a little longer than a decade. It has less than 475 full-time employees and is currently ranked as the nation’s 289th […]
Most of us are familiar with the term “cash flow” — it is the total monetary amount flowing in and out of a company. Knowing what it is and how to analyze it is paramount for small businesses that lack substantial cash reserves. Without cash flow monitoring and course correction, your business could quickly veer […]
Our business and personal lives seem to be getting progressively more digital. Many companies rely on the internet to restock inventory, pay suppliers, and perform most of our banking activities. The coronavirus crisis boosted this trend, forcing branch closures and limiting face-to-face banking options. Yet, this appears to be more than a temporary blip. According […]
Note: Due to funding no longer being available through the US Small Business Administration (SBA) for the Paycheck Protection Program (PPP), Revenued is no longer accepting applications. The Paycheck Protection Program (PPP) was first established in early 2020 under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and was revived for 2021 by recent legislation. […]