applying for the paycheck protection program · applying for the paycheck protection program...
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Applying for thePaycheck Protection Program
Required Documents for:
Partnerships
(& LLCs That File as Partnerships)
$$$
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Partnerships (& LLCs That File as Partnerships)
If you’re a Partnership or a LLC that filed as partnership, you’ll need the following documentation when applying for this round of the SBA Paycheck Protection Program (PPP) through Cross River Bank’s automated application system.
Note: This application process works best if you are using a desktop computer (rather than a mobile device), using a Chrome web browser.
1. Driver’s License / Photo ID
2. Voided Check
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3. Bank StatementsPlease provide a bank statement that covers 2/15/2020 as proof that the Applicant was in
business as of 2/15/2020. If available, bank statements that are downloaded from your bank’s website will work better than scanned versions.
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4. Form 1065
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5. Form 1065 Schedule K-1Please provide a K1 for each Partner with self-employment earnings in box 14a.
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6. Proof of Payroll Form 940 Applicable only if you have employees.
While it is preferable to provide a 940, you may provide four 941 quarterly forms instead. If you choose to provide 941’s instead of a 940, please make sure that they are four consecutive quarters covering your full calculation period
(2019 or 2020). Using 941’s may require a manual underwriting which can delay your application.
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