JTNB is here for you. Click here to learn more about SBA - Small Business Paycheck Protection Program.
Below you will find the link for Round 2 of the Paycheck Protection Program thru the Small Business Administration.
Please Note the following before you begin:
You will need *Supporting Documents (Reduction in Gross Receipts of at least 25% - must be calculated either on an Annual basis or Quarter, 2019 & 2020 only)
If you calculate on a Quarter you must show proof from the same Quarters of 2019/2020 for example Quarter 3 of 2019 and Quarter 3 of 2020.
You will need your NAICS Code (this can be found on your Business tax returns, thru your accountant or you can look up on the NAICS website at: https://www.naics.com/search/
You will need the Date your business was Established. If you are unsure, you can find this information thru the PA Dept of State. (C-Corp, S-Corps, LLCs) https://www.corporations.pa.
You will need your SBA loan number and loan amount from the First Draw
You will need to complete the % of ownership, Title and SS# of each Beneficial Owner
There will be an optional Owner Demographic section for you to complete (Veteran, Gender, Ethnicity)
You will be asked a series of questions that will require your initials and you will be required to E-sign the application.
The application must be completed in full with supporting docs, initials and E-signature in order for it to reach my queue for review.
*For loans with a principal amount greater than $150,000, the applicant must also submit documentation adequate to establish that the applicant experienced a revenue reduction of 25% or greater in 2020 relative to 2019. (The revenue reduction requirement is addressed in subsection (c)(1)(iv) of this IFR.) Such documentation may include relevant tax forms, including annual tax forms, or, if relevant tax forms are not available, quarterly financial statements or bank statements. For loans with a principal amount of *$150,000 or less, such documentation is not required at the time the borrower submits its application for a loan, but must be submitted on or before the date the borrower applies for loan forgiveness, as required under the Economic Aid Act.30 If a borrower does not submit an application for loan forgiveness, such documentation must be provided upon SBA’s request. *JTNB, however, will require these documents upfront with your application submission on any dollar amount.
We are requesting that all applications and supporting documents come thru the portal.