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Bank Loan Checklist

PPP Loan (Forgivable)

Take Borrower PPP Application Completed to local bank with an established relationship as soon as possible.
Take with you copies of payroll tax reports filed with the IRS (including Forms 941, 940, state income and unemployment tax filing reports) for the time period being used.  (either the entire year of 2019 or (April, 2019 thru March, 2020)
Such reports should include: gross wages including PTO (which might include vacation, sick, and other PTO).  Need per employee breakdown.
If not included in the payroll reports, banks will also need:
 

SBA Loan - Economic Injury Disaster Loan EIDL

 The EIDL Loan is separate and is done completely online. Make sure you check the box for the $10,000 advance if you choose that option. These loans are low interest, long term loans.
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