PPP Loan Application Response

PPP Loan Application – RESPONSE

Tue 4/7/2020 4:34 PM

From: “sthomas@amalgaworks.com”

To: 

 

Below you will find the response email I received from Regions Bank regarding my PPP Loan Application.

I am submitting as a small S-Corp with one employee.

 

The supporting documents requested will take me some time to gather; however, this may help you to get ahead of the game. 

My hope is that the process might be made easier, if you are able to prepare the supporting documents to be uploaded upon request.

Hope this helps!

Paycheck Protection Program Loan Application

Regions Bank

 

Medical Practice Management by Amalgaworks Inc.

 

Thank you for completing your Paycheck Protection Program (PPP) loan application. Regions is committed to helping your business navigate these uncertain economic times.

To better ensure we can process your application in a timely manner, if you haven’t already, please upload your supporting documents in the Regions CARES PortalYour unique PPP loan Application ID is XXXXXXX. You will need to enter your Application ID when you upload your documents.

For your convenience, we have included the list of supporting documents you need to upload to the Regions CARES Portal. We may not be able to process your application until we have received relevant supporting documentation.

Supporting Documents

  • 2019 Payroll Cost and YTD Payroll Cost through February 15, 2020
  • Number of employees as of December 31, 2019
  • Number of employees as of February 15, 2020
  • Industry or business classification (NAICS Code which can be found on tax return)
  • IRS Form 940 Employers Annual Federal Unemployment Tax Return (FUTA)
  • IRS Form 941 Employer’s Quarterly Federal Tax Return
  • Payroll Summary Report 2019 with corresponding bank statements
  • W2 Summary
  • List of employees earning more than $100,000 in compensation (salary, wages, commission and tips)
  • 1099 Summary
  • Breakdown of payroll benefits (vacation, allowance for dismissal, group healthcare benefits, retirement benefits, etc.)

Regions CARES Portal

We fully understand the importance of this loan program to your business, and we want to assure you we will process your completed application and required documentation as quickly as possible.

Thank you for banking with Regions

For more information about Medical Practice Management by Amalgaworks, click the links below:

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