Paycheck Protection Program FAQ
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What will my business need to apply?
In general, you can expedite your application review by filing your 2019 taxes before you apply and having those forms available to upload in the application. If these forms aren’t prepared yet, you will want to have payroll reports from your payroll provider ready to upload.
Your business will need the following to apply, as required by the SBA. For the most up to date details about these requirements, you can visit the SBA’s website.
Common application mistakes
You are an employer if you filed a W-2 for at least one employee including yourself. Please note that independent contractors do not qualify as employees and you would be considered a Non-Employer if you only had independent contractors (see above list).
You are a non-employer if your business did not file a W-2 for any employee including yourself. Please note that independent contractors are not considered employees.