• Paycheck Protection Program (PPP) Application

  • PPP Applications and Forms

     

    How to Calculate Loan Amounts - Second Draw

    How to Calculate Loan Amounts - First Draw

    PPP Application

    PPP Second Draw Application

    25% Forgiveness Obligation Acknowledgment

  • Enter your DBA or Tradename if:

    You are a registered entity with your respective state but you operate under a different business name

    or

    You are an unregistered business such as a Sole Proprietor, Independent Contractor, or Eligible self-employed individual but you operate under a fictitious business name

  • NAICS Code Lookup

    Use your business description e.g., Law Firm, Restaurant, Hair Salon, Electrical Construction, etc.

    Click here to find your NAICS Code

  • For purposes of reporting Number of Employees, sole proprietors, self-employed individuals, and independent contractors should include themselves as employees (i.e., the minimum number in the box Number of Employees is one)

  • Reduction in Gross Receipts of at Least 25% (Applicants for loans of $150,000 or less may leave blank but must provide upon or before seeking loan forgiveness or upon SBA request)

    Identify which quarters you are comparing below, e.g. 2Q 2020 to 2Q 2019, and enter the gross revenue for each quarter.

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  • List all owners of 20% or more of the equity of the business.

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  • Definition of Principal. The term “Principal” means:

    •For a self-employed individual, independent contractor, or a sole proprietor, the self-employed individual, independent contractor, or sole proprietor.

    • For a partnership, all general partners and all limited partners owning 20% or more of the equity of the Borrower, or any partner that is involved in the management of the Borrower’s business.

    • For a corporation, all owners of 20% or more of the Borrower, and each officer and director.

    • For a limited liability company, all members owning 20% or more of the Borrower, and each officer and director.

    • Any individual hired by the Borrower to manage the day-to-day operations of the Borrower (“key employee”).

    • Any trustor (if the Borrower is owned by a trust).

    • For a nonprofit organization, the officers and directors of the Borrower.

    Principal Name. Insert the full name of the Principal.

    Position. Identify the Principal’s position; for example, self-employed individual; independent contractor; sole proprietor; general partner; owner; officer; director; member; or key employee.

  • Disclosure is voluntary and will have no bearing on the loan application decision

  • Upload Supporting Documentation

  • To expedite the loan process, upload the required documentation at the time of application and verify your calculations per SBA PPP guidance.

    Accepted formats: pdf, doc, docx, xls, xlsx, csv, jpg, jpeg, png

     

    First Time PPP Applicants

    • Completed and signed PPP Application
    • Front and Back of Photo ID for All Applicant Owners
    • 2019 or 2020 Tax Documentation (used as basis for loan amount calculation)
    • 2019 or 2020 Payroll Documentation (verifies employee costs included in loan amount calculation)
    • Organizational Documents, if applicable, e.g., Certificate of Formation, DBA, etc.
    • 2019 or 2020 1099s, if applicable
    • 2019 or 2020 941s (all four quarters), if you have W2 employees
    • 2019 invoice, bank statement, or book of record (only one, not all three) establishing you were self-employed in 2019, applicable only for Schedule C filers without employees
    • 2020 invoice, bank statement, or book of record (only one, not all three) establishing you were in operation on February 15, 2020, applicable only for Schedule C filers without employees 

    Second Draw PPP Applicants

    Non-TruFund PPP Loan (if your first PPP Loan is not with TruFund)

    • All of the above documentation
    • * Documentation to support the claim of a 25% reduction in gross receipts (this documentation is required to qualify for loan forgiveness)
    • 25% Forgiveness Obligation Acknowledgement
       

    TruFund PPP Loan (if your first PPP Loan is with TruFund)

    • Completed and signed PPP Application
    • * Documentation to support the claim of a 25% reduction in gross receipts (this documentation is required in order to qualify for loan forgiveness)
    • 25% Forgiveness Obligation Acknowledgement
       

    *Documentation to support the claim of a 25% reduction is required with your application for loans over $150,000. It is recommended at the time of application for loans under $150,000. However, you may provide documentation when applying for forgiveness. If you cannot provide documentation to support the claim when applying for forgiveness, your loan will not be forgiven.

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  • Once you hit submit, do not resubmit your application or documentation via the link. Your TruFund representative will work with you for any changes or additional information.

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