If you’re a sole proprietor or an entity whose only “employee” is yourself, you’re required to upload a document to establish that you were self-employed during your payroll reference period. This document must be from the reference period you’re using to determine your average monthly payroll costs on your PPP application.
We recommend submitting one of the following document as a non-editable PDF file:
- Bank statement
- Provide 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 non-editable PDF file
- IRS Form 1099-MISC detailing nonemployee compensation received (box 7)
- IRS Form 1099-K, or
If you cannot provide a document that shows self-employed business revenue within the reference period, 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.