PPP Loan Forgiveness
We are here to help.
PPP Loan Forgiveness Supporting Documents
Payroll (provide documentation for all payroll periods that overlapped with the Covered Period or the Alternative Payroll Covered Period):
- Bank account statements or third-party payroll service provider reports documenting the amount of cash compensation paid to employees
- 2020 Form 941 2nd & 3rd quarter: Payroll tax filing reported, or that will be reported, to the IRS (typically, Form 941)
- 2020 SUTA 2nd & 3rd quarter: State quarterly business and individual employee wage reporting and unemployment insurance tax filings reported, or that will be reported, to the relevant state.
- If applicable, payment receipts, cancelled checks, or account statements documenting the amount of any employer contributions to employee health insurance and retirement plans that the borrower included in the forgiveness amount.
Non-payroll, if applicable (for expenses that were incurred or paid during the covered period and showing that obligations or services existed prior to February 15, 2020):
- Business mortgage interest payments: Copy of lender amortization schedule and receipts verifying payments, or lender account statements.
- Business rent or lease payments: Copy of current lease agreement and receipts or cancelled checks verifying eligible payments
- Business utility payments: Copies of invoices and receipts, cancelled checks or account statements
Self-Employed with no employees
- 2019 Sch. C from personal tax return
Self-Employed with employees
- 2019 Sch. C from personal tax return
- 2020 Form 941 2nd & 3rd quarter: Payroll tax filings reported, or that will be reported, to the IRS (typically, Form 941)
- 2020 SUTA 2nd & 3rd quarter: State quarterly business and invidivual employee wage reporting and unemployment insurance tax filings reported, or that will be reported, to the relevant state.