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.
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 a Non-Profit:
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.
4. Part IX Form 990
A Form 990 does not always need to be filed – this is only applicable if your non-profit files a 990
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.
Please note regarding parsonage: Only parsonage expenses that are cash payments qualify and not in-kind parsonage expenses. Alternative methods for verifying parsonage amounts – e.g., receipts, invoices, cancelled checks, or similar documentation (or failing all of those, a certification of the amount paid by the authorized representative of the church or other religious organization) – are allowed.
Click here if you’d like to download this page as a PDF
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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