Review Guidance

We suggest business owners and managers review the following guidance published by the Treasury Department:

PPP Overview
PPP Information Sheet - Borrowers
PPP Information Sheet - Lenders (this will help you understand what your bank is doing)
PPP Application Form

These documents, plus additional information, can be found on the Treasury's website.

Gather Documents

Gather at least the following documents:

• Form 941, Employer's Quarterly Federal Tax Return - 2019 Quarters 1-4
• Form W3 and W2s
• 2019 Health insurance costs to employer
• 2019 Employer retirement contributions
• Business Tax Returns - Last two filed returns
• 2020 Year-to-Date Profit and Loss and Balance Sheet
• Most recent lease statements
• Most recent mortgage statements
• Articles of organization

Contact Your Bank

Most banks are requiring loan applicants to have an existing relationship with the bank.  Begin by visiting your bank's website to get more information.  Most banks are posting information about the PPP on their homepage.  It's recommended to visit your bank's website since most institutions are being overwhelmed by calls.  The application process opens later this week, so check your bank's website often for an online application.

Let Us Know if You Need Help

We are in the office and working hard to make sure our clients can get through this pandemic.  If you have an existing relationship with our firm, please reach out and let us know how we can help you.  Just like everyone else, we are dealing with a host of issues that make time management an increasingly complex task.  We ask clients to contact us by e-mail so we can queue your requests and get back to you as soon as possible.  Here are some helpful e-mail addresses:
Matt Edgar: MEdgar@EdgarCPA.com
Carlos Sulbaran: CSulbaran@EdgarCPA.com
Aniela Garcia: AGarcia@EdgarCPA.com