What will be the Required Application Document Checklist
Here is a shortlist of the items we believe we’ll need to process the SBA 7(a) relief loan:
Completed Application
SBA Form 1919 or corresponding SBA Form 912, if applicable.
Articles of Incorporation/Organization of each borrowing entity
By Laws/Operating Agreement of each borrowing entity
All owners Driver’s Licenses
Payroll Expense verification documents to include:
IRS Form 940 and 941
Payroll Summary Report with corresponding bank statement
If a Payroll Summary Report is not available, Employee Pay Stubs as of February 15, 2020 (or corresponding period) with corresponding bank statement, and,
Breakdown of payroll benefits (vacation, allowance for dismissal, group healthcare benefits, retirement benefits, etc.
1099s (if Independent Contractor)
Certification that all employees live within the United States. If any do not, provide a detailed list with corresponding salaries of all employees outside the United States
Trailing twelve-month profit and loss statement (as of the date of application) for all applicants
Most recent Mortgage Statement or Rent Statement (Lease)
Most recent Utility Bills (Electric, Gas, Telephone, Internet, Water
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