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Applying for the Paycheck Protection Program · Applying for the Paycheck Protection Program...

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Applying for the Paycheck Protection Program Required Documents for: Partnerships (& LLCs That File as Partnerships) $ $ $
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Page 1: Applying for the Paycheck Protection Program · Applying for the Paycheck Protection Program Required Documents for: Partnerships (& LLCs That File as Partnerships) $ $ $

Applying for thePaycheck Protection Program

Required Documents for:

Partnerships

(& LLCs That File as Partnerships)

$$$

Page 2: Applying for the Paycheck Protection Program · Applying for the Paycheck 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

©2021 Cross River Bank | All Rights Reserved

Page 3: Applying for the Paycheck Protection Program · Applying for the Paycheck Protection Program Required Documents for: Partnerships (& LLCs That File as Partnerships) $ $ $

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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.

©2021 Cross River Bank | All Rights Reserved

Page 4: Applying for the Paycheck Protection Program · Applying for the Paycheck Protection Program Required Documents for: Partnerships (& LLCs That File as Partnerships) $ $ $

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4. Form 1065

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Page 5: Applying for the Paycheck Protection Program · Applying for the Paycheck Protection Program Required Documents for: Partnerships (& LLCs That File as Partnerships) $ $ $

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5. Form 1065 Schedule K-1Please provide a K1 for each Partner with self-employment earnings in box 14a.

©2021 Cross River Bank | All Rights Reserved

Page 6: Applying for the Paycheck Protection Program · Applying for the Paycheck Protection Program Required Documents for: Partnerships (& LLCs That File as Partnerships) $ $ $

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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.

©2021 Cross River Bank | All Rights Reserved


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