PPP Documents Needed: Non-Profits

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.

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?

Bank of America Business Credit Card Review

Bank of America offers three primary business credit cards. It’s not uncommon for many banks to offer specific credit cards catering to business customers, with features and benefits that could help you cut costs upfront.

How Do Business Credit Cards Make Record-Keeping Easier?

Whether you use the wrong type of card or use it too often, mismanaging your business credit card can harm your company’s bottom line. However, using a card for dedicated business expenditures can simplify record-keeping with careful management, saving you time and money.  Business credit card issuers offer unique features like employee card tracking and […]

What is an MCA?

  38% of startups fail due to a lack of cash alone. Traditional loans and lines of credit are certainly helpful, and sometimes necessary, for small businesses and startups to keep their doors open. That said, the process of applying for and being approved for small business loans can be extremely rigorous and time-consuming. Generally, […]

How Hard is it to Get an SBA Loan?

SBA loans are considered one of the most attractive types of small business loans for both borrowers and lenders. The main purpose of SBA loans is to help small businesses get the funding they need by lowering the risk for the lender.  Without capital, businesses can’t function. This is why small business loans are so […]