PPP Documents Needed: Independent Contractor / Self-Employed / Sole Proprietorship with No Employees

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.

 

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 an Independent Contractor or Self Employed business owner or Sole Proprietorship with no employees:

 

 

 

 

1. Driver’s License / Photo ID

 

 

2. Voided Check

 

 

3. Form 1040 Schedule C

If line 31 is $0 or negative, you are ineligible for a PPP loan

 

 

4. 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.

 

Click here if you’d like to download this page as a PDF

We're working on some pretty cool new pieces of content, including tools that will give you insight into your business finances.

Want to be the first to know when they launch?

Dig Deeper into Business Loans

What Small Business Administration (SBA) Loans Does Revenued Provide?

The U.S. federal government offers loans and grants through the Small Business Administration (SBA) to assist entrepreneurs and small businesses in need of financing. These loans are provided by approved lenders and backed by the SBA. Revenued does not directly provide SBA loans; however, we have assisted businesses in applying for an SBA loan known […]

How to Analyze Business Cash Flow

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 […]

What Is a Merchant Cash Advance?

A merchant cash advance (MCA) is a financing option that quickly provides cash for businesses. It is designed for small business owners who need money but don’t meet a traditional loan’s credit requirements. A traditional loan might be a better option for businesses with long operational histories and more substantial credit scores. However, for companies that […]