TruFund Paycheck Protection Program Application

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
Location (At this time we are only accepting applications from the following states:) *

New York Louisiana Georgia Alabama New Jersey Texas
Were you working with a TruFund representative for this round of PPP? *
Referral Source, if applicable
Check One *

Sole Proprietor Partnership C-Corp S-Corp LLC Independent Contractor Self-Employed Individual 501(c)(3) nonprofit 501(c)(6) organization 501(c)(19) veterans organization Housing cooperative Tribal Business Other
Business Legal Name *
If Sole Proprietor, Independent Contractor or Self-Employed Individual use your full legal name
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
DBA or Tradename (if applicable)
Date of Establishment *
Year of Establishment *
NAICS Code Lookup

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

Click here to find your NAICS Code
NAICS Code *
Brief Description of Business *
e.g. Law Firm, Restaurant, Hair Salon, Electrical Construction, etc.
Applicant (including affiliates, if applicable) Meets Size Standard (check one): *

No more than 500 employees (or 300 employees, if applicable) SBA industry size standards SBA alternative size standard
Business Address (Street, City, State, Zip Code - No P.O. Box addresses allowed)

Street Address

Street Address Line 2

City State

Zip Code + 4
Business Street Address (No P.O. Box addresses allowed) *
APT or STE
City *
State *
Zip Code +4 *
Business TIN (EIN, SSN) *
If EIN use format ##-#######; If SSN use format ###-##-####
Business Phone *
Email *
Primary Contact Name *
Primary Contact Email (if different from above)
example@example.com
Primary Contact Phone (if different from above)
Have you previously received a PPP loan? *

Yes, with TruFund Yes, with another lender No
Average Monthly Payroll *
Round down to nearest dollar e.g., $2058.58, should be $2058
x 2.5 + EIDL (Do Not Include Any EIDL Advance) equals Loan Request Amount: *
x 2.5 (or x 3.5 for NAICS 72 applicants) equals Loan Request Amount: *
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)
Number of Employees (including owner) *
Number of Employees (including affiliates, if applicable; may not exceed 300): *
PPP First Draw SBA Loan Number *
PPP First Draw Loan Amount *
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.
2020 Quarter (e.g., 2Q 2020):
Gross Receipts (Revenue) for 2020
2019 Reference Quarter (e.g., 2Q 2019):
Gross Receipts (Revenue) for 2019
Purpose of the loan (select all that apply): *

Payroll Costs Rent/Mortgage Interest Utilities Covered Operations Expenditures Covered Property Damage Covered Supplier Costs Covered Worker Protection Expenditures Other

Lit all owners of 20% or more of the equity of the Applicant. *

Owner Name

Title

Ownership %

SSN

Address

Applicant Ownership

List all owners of 20% or more of the equity of the business.
Owner's Name *
Title *
Ownership % *
SSN# *
Owner's Street Address (No P.O. Box addresses allowed) *
Owner's APT or STE #
Owner's City *
Owner's State *
Owner's Zip Code + 4 *
Are there more owners with 20% or more equity in the business? *

Yes No
2nd Owner's Name *
2nd Owner's Title *
2nd Owner's Ownership % *
2nd Owner's SSN# *
2nd Owner's Street Address (NO P.O. Box addresses allowed) *
2nd Owner's Apt/Ste
2nd Owner's City *
2nd Owner's State *
2nd Owner's Zip Code+4 *
3rd Owner's Name
3rd Owner's Title
3rd Owner's Ownership %
3rd Owner's SSN#
3rd Owner's Street Address
3rd Owner's Apt/Ste #
3rd Owner's City
3rd Owner's State
3rd Owner's Zip+4
Are there more than three owners? *

Yes No

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.
Principal Name *
Position *
Veteran *

Non-Veteran Veteran Service-Disabled Veteran Spouse of Veteran Decline
Gender *

Male Female Decline
Race *

Black or African American White Asian South Asian Native American Pacific Islander Mixed Race Unknown Decline
Ethnicity *

Hispanic or Latino Not Hispanic or Latino Decline
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.
File Upload

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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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Paycheck Protection Program (PPP) Application