To satisfy SBA requirements, you’ll need to upload a bank statement from your business account. The statement must show that your business was in operation and that—if it applies to your business—you had employees on Feb 15, 2020.
Depending on when your business was in operation, use the following to determine which statement to upload:
- If your business was in operation for all of Feb 2020, upload your Feb 2020 bank statement
- If your business was not in operation for all of Feb 2020, upload a statement that shows transactions dated Feb 15, 2020
We strongly recommend providing a statement downloaded from your bank's client portal instead of a scanned paper statement, as the bank statement should be a clear, legible, and uneditable PDF file.
If we cannot verify that you were in operation on Feb 15, 2020, you won’t qualify for a PPP loan.
The information, opinions, and advice in this blog post are provided for educational purposes only and do not necessarily state or reflect those of BlueVine and/or its partners, including The Bancorp Bank and Celtic Bank. Neither BlueVine nor its partners are responsible for the accuracy of any content provided by author(s) or contributor(s). For information about BlueVine products and services, please visit the BlueVine FAQ page. For information about the Paycheck Protection Program, please visit the SBA’s page.