PPP Checklist

For PPP FAQs, go here.

For PPP definitions, go here.

The documentation listed below will be required to complete the application and all borrowers should retain copies for their records.

If your loan is for $150,000 or more, you will be prompted to upload the documents as you complete the application.

Independent contractors/Self-employed borrowers (no employees) will need:

Tax ID used for the PPP loan
Online banking login:
- Automatically import expenses from an external bank account
Loan amount & disbursement date
A copy of the most recent Schedule C used to obtain the loan.
Documents to show how the PPP funds were paid out (e.g. bank statements, canceled checks, payroll tax reports).

Business with employees will need:

Tax ID used for the PPP loan
Online banking login:
- Automatically import expenses from an external bank account
Loan amount & disbursement date
Payroll report: Borrowers are required to provide evidence of cash compensation and hours worked by each employee for (a) the covered period (b) the reference period
- A specific PPP Forgiveness report may be available from your payroll provider. If you have a payroll provider but they do not offer a PPP Forgiveness report, create a Payroll Report within the system showing all employees for the covered and reference period.
- The portal contains instructions on how to find and export either the PPP Forgiveness Report or an appropriate Payroll Report from these payroll systems:
  - ADP - RUN; WorkforceNow; Comprehensive Services; TotalSource
  - Gusto
  - OnPay
  - Patriot
  - QuickBooks - Desktop Payroll; Online Payroll
  - Paychex - Flex; SurePayroll
  - Square Payroll
  - Wave Payroll
  - Xero
  - Zenefits
  - … and more coming soon!
- If no payroll provider is used, there will be a template available within the application.
If Healthcare Expenses were paid, include a document with a summary of those Payments during the Covered Period and proof of payment
If Retirement Expenses were paid, include a document with a summary of those Payments during the Covered Period and proof of payment

Non-Payroll:

The allowable expense categories for business properties are:
- Mortgage interest
- Rent or lease
- Electricity
- Water
- Gas
- Phone
- Internet
To include mortgage interest: provide a schedule from the lender showing the interest portion of the payments received and evidence that the payments were made (e.g. bank statements or canceled checks)
For the remaining expenses, we will require a copy of the contract/account and evidence the payments were made.
The contract/service must be in force as of Feb 15, 2020 Contracts/accounts created after this date will not count towards forgiveness.

Note: Currently, we are using the most recent guidance. We will update this webpage with any rule changes as soon as it is made available.

Most recent forgiveness FAQ from SBA:

Resources: