You Will Need:
- Payroll documentation for the calendar year 2019
- Please calculate your average total monthly “Payroll Costs” during the year and provide us with that number on the PPP application.
- For companies- you may need 941’s, 944’s and/or a schedule of payroll
- For sole proprietors and independent contractors- 1099’s or payroll tax filings
- Please use your total expenses including retirement, insurance, part-time employees, FICA, state and local taxes, etc. (only eligible “Payroll Costs” as defined by SBA can be included in determining the final loan amount)
- Corporate/organizational documents (for non-clients of Regent Bank)
- If a Corporation:
- A copy of filed Articles of Incorporation
- Bylaws
- Board minutes reflecting who is authorized to sign on behalf of the corporation
- Certificate of Incorporation
- EIN number
- If a Limited Liability Company:
- Copy of filed Articles of Organization
- Operating agreement which provides the authorization to borrow money
- Certification of LLC
- EIN
- If a 1099/Independent Contractor:
- Paycheck Protection Program Application
- Copy of Driver's License
- Social Security Number
- 2019 IRS Form 1099-MISC for any independent contractors paid (not to exceed $100,000 for the year)
- 2019 IRS Form 1040-C if your business is a sole proprietorship (use net income after expenses)
- 2018 taxes will work if you haven’t filed 2019 yet
- If a Corporation:
- Social security number and driver’s license for anyone who own’s more than 20% of the borrowing entity
- Download & complete Certificate of Beneficial Ownership form (Download PDF)
If you are a current Regent Client, you may email this information directly to your loan officer. If you are a new applicant or do not have an assigned loan officer, please submit your application to ppp@bankregent.com or upload digitally with the link below and a loan officer will be in touch with you soon.