By Missuarda Sula
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.
If you haven’t already, start your PPP application now
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.
6. Form 1040 Schedule C
If line 31 is $0 or negative, you are ineligible to include this owner’s income in the PPP application
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.
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