1. Payroll Report
2. Federal payroll tax filings (Form 941)
3. State quarterly business and individual
employee wage reporting and
unemployment insurance tax filings
4. Employer contributions to employee
health insurance - statements
documenting the amount of any
employer contributions to employee
health insurance.
5. Employer contributions to retirement
plans - statements documenting the
amount of any employer contributions to
retirement plans.
6. Average FTE Support - Average number
of full-time equivalent employees on
payroll employed by the Borrower on
January 1, 2020 and at the end of the
Covered Period.
7. Owner's Compensation - If Owners'
Compensation is included (2019 Schedule
C, 2019 K-1, 2019 W2, or full-year 2019
payroll report)
Payroll Documents
1. Business mortgage interest - Copy of
lender amortization schedule and
receipts/cancelled checks verifying
eligible payments from the Covered
Period.
or
Lender account statements from
February 2020 and the months of the
Covered Period through one month after
the end of the Covered Period verifying
interest amounts and eligible payments.
2. Business rent or lease - Copy of current
lease agreement and receipts/cancelled
checks verifying eligible payments from
the Covered Period.
or
Lessor account statements from February
2020 and from the Covered Period
through one month after the end of the
Covered Period verifying eligible
payments.
3. Business utility payments - Copy of
utility bills/invoices from February 2020
and those paid during the Covered Period
and receipts, cancelled checks, or account
statements verifying those eligible
payments.
4. Bank statements for entire covered
period.
Non-Payroll Documents
For who
All Borrowers
If Applicable*
If Applicable*
If Applicable
If Applicable
All Borrowers
If Applicable
If Applicable
If Applicable
If Applicable
All Borrowers
In hand Submitted
Your PPP document checklist.
Keep track of the documents you will need to submit for your PPP Loan
Forgiveness Application.
*Required if federal and state payroll taxes are not reported in detail on a third party payroll report.
