PPP_Complete

Required Documentation Upload

Due to the high application volume we are receiving for CARES Act Paychex Protection Program (PPP) relief funding, only complete applications that have all of the requested documentation below attached, will be reviewed. Applications with incomplete, incorrect, and/or partially uploaded documentation will be cause for decline.

The SBA has NOT issued final guidance yet on what documentation is required for this program, 

so the below items are our best estimate of what is needed. Additional documentation may be required to complete the processing of your loan application.

LABEL ALL DOCUMENTS CORRECTLY BEFORE UPLOADING

 (i.e. label John Smith’s drivers license as “John Smith’s Drivers License”, etc.)

Borrower Documents

  • Articles of Incorporation / Organization (if available)

  • Color Copy of All Owners Driver’s Licenses

Payroll Expense Verification for Independent Contractors

  • 1099s from 2019

Payroll Expense Verification for Small Businesses

  • IRS Form 940 and 941 (If applicable. If your business has this, then contact your payroll processor or accountant for these forms)

  • Payroll Summary Report (if your business has this) or Employee Pay Stubs (including payroll benefits, i.e. vacation, healthcare, retirement, etc.) as of 02/15/2020 with corresponding bank statement (contact your payroll processor or accountant for these forms)

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Other Verification Documents (Small Businesses and Independent Contractors)

 

  • Trailing 12-Month Business Profit and Loss Statement (as of the date of this application)

  • Most Recent Business Mortgage Statement and/or Rent Statement / Lease

  • Most Recent Business Utility Bills (i.e. electric, gas, telephone, internet, water)

  • Drop files here or

    VS Global Funding
    2750 Ocean Club Blvd
    Hollywood,FL 33019

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