What Documents are Needed for a PPP Loan?

If you’re looking to apply for a PPP loan , you’ll need to gather a few documents first. In this blog post, we’ll go over what you’ll need so you can be prepared.

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SBA Form 2483

SBA Form 2483 is the Loan Application Form for the Paycheck Protection Program (PPP). This form collects information about your business, such as business name, contact information, liver of operation, business type, and more. In addition, you will need to provide information about your economic injury due to the coronavirus pandemic.

Tax Returns

You will need to provide your most recent tax return. This is required in order to prove your business’s financial history and ability to repay the loan. If you have not yet filed your taxes for the previous year, you will need to do so before applying for a PPP loan.

Business Licenses

business licenses and permits, such as your articles of incorporation or LLC filing, assumed name certificate, or foreign qualifying documents
If you are a sole proprietor, you will need to provide your Social Security Number

Personal Financial Statements

Personal financial statements for each owner of 20% or more of the applicant business. This includes balance sheets and income statements covering the most recent 12 months, and schedules of real estate owned and other major assets and liabilities. If any owner has filed for personal bankruptcy in the last 7 years, that owner must provide a Personal Declaration of Continued Excellence.

Accounts Receivable and Accounts Payable Reports

In order to complete your PPP loan application, you will need to provide certain documentation to your lender. This documentation will include financial information about your business, such as your accounts receivable and accounts payable reports.

Your accounts receivable report will show how much money you are owed by customers for goods or services that have been delivered. This report is important because it will help the lender to see how much cash flow you have coming into your business.

Your accounts payable report will show how much money you owe to suppliers for goods or services that have been delivered. This report is important because it will help the lender to see how much cash flow you have going out of your business.

Business Debt Schedule

The business debt schedule is a document that itemizes and summarizes a business’s debts. The purpose of the business debt schedule is to provide transparency around the business’s existing debt obligations and to serve as a tool for evaluating potential offers from lenders.

The business debt schedule should include:
-A list of all existing debts, including the name and contact information for each lender
-The outstanding balance of each debt
-The interest rate on each debt
-The monthly payment amount for each debt
-The maturity date for each debt
-Whether the debt is secured or unsecured
-Whether the debt is current or in arrears

In addition to the information listed above, the business debt schedule should also include a description of the collateral securing each loan (if applicable) and an explanation of any covenants or restrictions associated with the loans.


The CARES Act allows businesses to apply for a Paycheck Protection Program (PPP) loan to help cover the cost of payroll and other expenses during the coronavirus pandemic. To apply for a PPP loan, businesses must submit various documents, including leases.

Leases are important because they establish the terms of your agreement with your landlord. The terms of your lease will determine how much rent you owe and how long you have to stay in the property. Having a valid lease is essential in order to receive a PPP loan.

If you don’t have a lease, you may be able to provide other documentation, such as a rental agreement, that shows you have a right to occupy the property. If you’re unsure whether your documentation is sufficient, we recommend speaking with an attorney or contacting the Small Business Administration (SBA) directly.

Collateral Documents

In order to obtain a PPP loan, borrowers will need to provide collateral documents to their lender. These documents may include:

-A personal guarantee from the borrower
-A promissory note
-Financial statements for the business
-Tax returns for the business

Borrowers should work with their lender to determine what collateral documents are required.

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