Documents Needed: Corporations (& LLCs that file as Corporations)
Jan 25, 2021 By Missuarda Sula
Revenued is currently accepting applications for the US Small Business Administration (SBA) Paycheck Protection Program (PPP). Whether you are a first-time applicant or a borrower seeking a second draw loan, we understand the urgency of PPP funding for your small business and we are working hard to facilitate this relief.
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.
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