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Supporting Documents

A list of required supporting documents for your PPP Loan Forgiveness application.

In an effort to make the PPP Loan Forgiveness process as smooth as possible, we have compiled a list of the various supporting documents that may apply to your forgiveness application. Applications with missing documentation may be returned to you, and could result in processing delays, so we recommend reviewing this list thoroughly and taking the time to ensure all applicable supporting documents are uploaded alongside your forgiveness application.

The below list of supporting documents was compiled based on guidance issued by the Small Business Administration (SBA). We will do our best to update this information as further instruction is provided by the SBA, but in the event of any discrepancies between the information provided on this page and the information provided on the SBA website, we urge you to follow the SBA's official guidance.

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Required Supporting Documents
Payroll Costs - Cash Compensation Bank account statements or third-party payroll service provider reports documenting the amount of cash compensation paid to employees.

Tax forms (or equivalent third-party payroll service provider reports) for the periods that overlap with the Covered Period or the Alternative Payroll Covered Period. These include payroll tax filings reported (or that will be reported) to the IRS (typically Form 941), and state quarterly business and individual employee wage reporting and unemployment insurance tax filings reported (or that will be reported) to the state.
Payroll Costs - Employer Contributions for Employee Health Insurance & Retirement Plans 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.
Full-Time Equivalency (FTE) Documentation showing either the average number of FTE employees on payroll per month between February 15, 2019 and June 30, 2019, or the average number of FTE employees on payroll per month between January 1, 2020 and February 29, 2020.

Seasonal employers could provide documentation for one of the time periods above, or provide documentation for the average number of FTE employees on payroll per month for any consecutive 12-week period between May 1, 2019 and September 15, 2019.

NOTE: The above time periods are for borrowers seeking forgiveness via Form 3508. If you are applying for forgiveness using Form 3508EZ, and you meet the conditions related to reduction of salaries, number of employees, and hours, you will need to provide documentation on the average number of FTE employees on payroll on January 1, 2020 and at the end of the covered period.

This documentation could include payroll tax filings reported (or that will be reported) to the IRS, state quarterly business and individual employee wage reporting and unemployment tax filings reported (or that will be reported) to the state. It is okay if the submitted documents cover periods longer than the specified time period.
Non-Payroll Costs Documentation verifying the existence of obligations/services prior to February 15, 2020 and eligible payments from the Covered Period. This documentation can include the following:

For business mortgage interest payments - a copy of your lender amortization schedule and receipts or 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.

For business rent or lease payments - a copy of your current lease agreement and receipts or 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.

For business utility payments - a copy of utility invoices from February 2020 and those paid during the Covered Period and receipts, cancelled checks, or account statements verifying those eligible payments.
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