We'd like to remind you of the importance of keeping detailed records of how you use your loan proceeds so you can maximize the PPP loan forgiveness opportunities and be ready to fill out your PPP Loan Forgiveness Application using our upcoming online tool. To help speed-up your forgiveness application process, we recommend that you begin to digitize your documents for submission.
Here are some key things to track and have ready when the time comes to submit your application:
Verification of full-time equivalent employees and their pay rates, including:
• Payroll reports
• Payroll tax filings (Form 941)
• Payroll, income and unemployment insurance filings from your state
• Verification of any health insurance and retirement contributions
• Verification (payment receipts, account statements, canceled checks) of eligible utility, rent and mortgage interest payments
Acceptable formats for digital documentation:
If you have any questions or concerns, please email us at firstname.lastname@example.org. For the latest updates, check the SBA and the US Department of Treasury websites.
The PPP application period has closed. Borrowers may begin to apply for loan forgiveness.