I doubt this attachment will make it through but here is a checklist from the SBA for PPP forgiveness. Just in case the attachment is stripped, here it is below: This information will be needed to present to the bank or SBA for Loan Forgiveness:
1. Copies of payroll tax reports file with the IRS (including Forms 941, 940, state income and unemployment tax filing reports) for the the 8 week period following the original of the loan. 2. Copies of payroll reports for each pay period for the 8 week period following the origination of the loan. Gross wages including PTO (which might include vacation, sick, and other PTO) should be reflected. 3. Documentation reflecting the health insurance premiums paid by the company under a group health plan including owners of the company for the 8 week period following the origination of the loan should be provided. Copies of the monthly invoices should suffice. 4. Documentation of all retirement plan funding by the employer for the 8 weeks following the origination of loan should be sufficent. Copies of workpapers, schedules and remittances to the retirement plan administrator should be available. 5. Copies of all lease agreements for real estate and tangible personal property should be presented along with proof of payment during the 8 week period followiing the loan origination date. 6. Copies of all statement of interest paid on debt obligations incurred prior to February 15, 2020 indicating payment amounts and proof of payment for the 8 week period following the loan origination date. 7. Copies of cancelled checks, statements or other evidence of utilities paid during the "covered period" for the 8 week period following the loan origination date. I hope that's right. The copy/paste was mangled so I had to reconstruct it. Hopefully, the attached PDF makers it. On Mon, Apr 20, 2020 at 10:03 AM Josh Luthman <j...@imaginenetworksllc.com> wrote: > It's my understanding that in 8 weeks all you have to do is prove you did > payroll for 75% of the amount loaned. In your case, show 90k came out of > the account to payroll. The reports that the payroll company does, I'm > told, should suffice. > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > > On Sun, Apr 19, 2020 at 12:17 PM <ch...@wbmfg.com> wrote: > >> Lewis, >> Are you taking any special measures to be able to prove you used the loan >> proceeds for approved uses? >> Kinda hard when they get comingled with other funds in a general checking >> account. >> I think we put them in a separate savings account. >> >> *From:* Lewis Bergman >> *Sent:* Saturday, April 18, 2020 6:09 PM >> *To:* AnimalFarm Microwave Users Group >> *Subject:* Re: [AFMUG] OT guvmnt loan >> >> $10k? How many people do you have? I think I got nearly $500k between all >> the companies. >> >> On Sat, Apr 18, 2020, 7:01 PM <ch...@wbmfg.com> wrote: >> >>> Got our supposedly to be forgiven $10K loan today. We shall see... >>> -- >>> AF mailing list >>> AF@af.afmug.com >>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> >> ------------------------------ >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- Lewis Bergman 325-439-0533 Cell
Financial Data Needed for PPP Loan Forgiveness - signature.pdf
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