4/8/2023 0 Comments Fastlane ppp![]() For the most up-to-date requirements, visit the SBA website. Incorrect documents could result in a delay of your application. It’s also important to upload the exact documents required during the application process. Make sure any numbers you enter in the application match your supporting documents exactly. Simply click on the login button to use the option. Dont change the information on the login screens. (It is a good way to test drive FastLane. If your business falls under NAICS code 72 (Accommodation and Food Services), you may qualify for up to 3.5x monthly payroll costs for a second draw. FastLane Test Server FastLane Development Website ( will allow you to simulate most of the FastLane features. See here for information on how to calculate this decline. PPP borrowers are eligible for up to 2.5x monthly payroll costs for their initial PPP loan, as well as any second draw. This can be calculated on a quarterly basis using quarterly financial statements or bank statements, or on an annual basis using tax forms for the full year 2020. Calls Wo Meetings No Products to No Selling Ship PPP K JOIN NOW Ask about the FASTLANE Call for a FREE DVD or Video: 800.233.0741 ext. The partnership of Capital Plus Financial. NOTICE CONCERNING THREATENING OR HARASSING COMMUNICATIONS. Additional Information can be found in the documents below: SBA PPP DF Borrower User Guide (). If you are applying for a second PPP loan, your business needs to have experienced at least a 25% decline in revenue in a quarter in 2020 relative to the same quarter in 2019 Customer Service: Our team is prepared to support Borrowers with email correspondence and questions. It would make sense- but who know's with how the SBA does things. Whether you apply through Square Capital or with another lender, you’ll need the same documents and information. With the newly announced fast lane program- which is allowing an automatic 1st and 2nd draw PPP loan at the same time for new applicants (using 2019 info), it makes me wonder if this round will allow people to get another draw, if they just received their first one now. If you don’t have employees, you’ll need to have a prepared 2019 or 2020 1040 Schedule C form to upload (your taxes don’t have to be filed yet). Preparing your 2019 or 2020 taxes or getting a payroll report from your payroll provider (if you have one) are the best things you can do ahead of time.
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