Paycheck Protection Program

Keeping Businesses Open is How We Can Move the Region Forward

What is PPP?

The emergency loans provision of the CARES Act is called the Paycheck Protection Program (PPP). This provision lets small businesses borrow as much as $10 million to cover the costs of payroll, rent, utilities and more.

Working hand-in-hand with our small business customers through the Paycheck Protection Program, we were able to make an impact in our communities by helping to preserve jobs and the small businesses that are so vital to our local economy.

PPP Loan Forgiveness Information

Paycheck Protection Program (PPP) borrowers can take steps now to make it easier to apply for forgiveness in the future. We created this simple checklist of basic pieces of information from the PPP forgiveness application and required documents that you can begin collecting now.

Download and print this checklist >>


 __ Business Legal Name, Address, and Contact Information (Same as Borrower Application Form)

__ SBA PPP Loan Number (E-Tran number assigned by SBA is the same as your BOT loan number)

__ Lender PPP Loan Number (Loan number assigned to PPP loan by BOT)

 __ PPP Loan Amount

__ Employees at Time of Loan Application and at Time of Forgiveness

__ PPP Loan Disbursement Date (First date of PPP loan proceeds)

 __ EIDL Advance Amount and Application Number obtained from SBA (if applicable)

 __ Payroll Schedule

__ Covered Period (Same as PPP loan disbursement date)

 __ Alternative Payroll Covered Period


 __ Payroll tax filings reported (Form 941)

__ State quarterly business and individual employee wage reporting and unemployment      insurance tax filings reported


Verifies eligible cash compensation and non-cash benefit payments from the Covered Period or Alternative Payroll Covered Period

 __ Bank account statements

__ Payroll tax filings (Form 941)

__ State quarterly business and individual employee wage reporting and unemployment insurance tax filings reported

__ Payment receipts, canceled checks, account statements documenting amount of any employer contributions to employee health insurance, retirement plans, etc.

__ If borrower applied to PPP as a contractor, sole proprietor, or partnership: 2019 1099-MISC forms OR Schedule C OR Schedule K-1 to verify owner compensation replacement


 ­­__ Rent: Copy of lease agreement (must be in effect before Feb. 15, 2020); copies of account statements from lessor to show payments

 ­­__ Mortgage interest: Lender amortization schedule, receipt of payments (interest only) and statements (mortgage must be signed before Feb. 15, 2020)

 __ Utilities: Utility invoices (water, gas, electricity, phone and internet) and account statements showing payments made during eight-week period (must be in service before Feb. 15, 2020)