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Paycheck Protection Program (PPP) Application Portal User Guide

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Application Portal

User Guide

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Table of Contents

Needing Help Using the Portal ������������������������������������������������������������������������������ 4

Technical Support ���������������������������������������������������������������������������������������������������������������������������������������������������� 4 Portal Navigation Tips ���������������������������������������������������������������������������������������������������������������������������������������������� 4 Returning to the Portal �������������������������������������������������������������������������������������������������������������������������������������������� 4 Resources to Help With Your Application �������������������������������������������������������������������������������������������������������������� 4

Step 1: Registration ������������������������������������������������������������������������������������������������� 5

Portal Registration ��������������������������������������������������������������������������������������������������������������������������������������������������� 5 Self Declaration ��������������������������������������������������������������������������������������������������������������������������������������������������������� 6 Contact Details ��������������������������������������������������������������������������������������������������������������������������������������������������������� 7

Step 2: Check Your Eligibility ���������������������������������������������������������������������������������� 8

First Draw PPP Loan – Additional Business Details ������������������������������������������������������������������������������������������������ 9 Second Draw PPP Loan – Additional Business Details ������������������������������������������������������������������������������������������10

Step 3: Loan Information ����������������������������������������������������������������������������������������11

Step 4: Business Details ����������������������������������������������������������������������������������������� 12

Step 5: Ownership ��������������������������������������������������������������������������������������������������13

Ownership – When Individuals are the Owner(s) ���������������������������������������������������������������������������������������������������13 To Delete an Owner �������������������������������������������������������������������������������������������������������������������������������������������������13 Ownership – When an Entity is the Owner ������������������������������������������������������������������������������������������������������������14

Step 6: Community Reinvestment Act (CRA) Details (Optional) �������������������������� 15

Step 7: Demographic Information (Optional) �������������������������������������������������������� 15

Step 8: Upload Documents ����������������������������������������������������������������������������������� 16

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Returning to the Portal ������������������������������������������������������������������������������������������ 21

Uploading Documents After Submission ������������������������������������������������������������������������������������������������������������� 21

Appendix ��������������������������������������������������������������������������������������������������������������� 22

Sample Addendum A ���������������������������������������������������������������������������������������������������������������������������������������������� 22 Sample Addendum B ���������������������������������������������������������������������������������������������������������������������������������������������� 25

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Needing Help Using the Portal

Technical Support

If you need assistance navigating the PPP application portal, call us at 800.788.4578, email us at [email protected], or contact your banker for assistance.

Portal Navigation Tips

The following tips will help you best navigate the PPP loan application portal.

1. For optimal experience, use Chrome, Edge or Firefox to complete your application. 2. For easiest navigation, use your mouse to move from field to field.

3. All fields with a red asterisk are required fields.

4. Click on the help icon to get additional clarification for that field input.

5. Use the back button to move to the previous screen, do not use the browser back button.

Returning to the Portal

After completing your application, you may return to the portal by inputting your email address and Company TIN (or Primary Applicant SSN) and clicking Proceed.

Resources to Help with Your Application

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Step 1: Registration

Enter your email address and business Tax ID number for the Borrowing Entity (or your SSN if you are a Sole Proprietor or Independent Contractor).

Click PROCEED.

A verification code will be emailed to you from [email protected]. Enter the code and click

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Self Declaration

Select if you have received a prior PPP loan. Click CONTINUE

If you selected YES, complete the following:

• Financial Institution, and Financial Institution Name if “Other Financial Institution” was selected

• SBA Loan Number

• Loan Amount

• Loan Amount Available

• Loan Amount used for eligible expenses

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Contact Details

Complete the contact information for your business including:

• Entity Type (C-Corporation, S-Corporation, Limited Liability Company, Limited Partnership, Sole Proprietorship, Nonprofit, Vet Org, Tribal, Independent Contractor, or Self Employed)

• Legal name of business as it appears on tax returns (If Sole Proprietorship, Self Employed or Independent Cont, this will be your personal name)

• Email address (should pre-fill)

• Primary phone number

• What is the purpose of the loan? (Utilities, Payroll Cost, Mortgage Interest, Rent, etc.)

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Step 2: Check Your Eligibilitiy

You will be asked a series of questions in order to determine if you are eligible to apply for a PPP loan. Answer each question as they appear. The number and type of questions will vary based on how you answer and whether or not this is a first time draw PPP application or you are applying for a second draw. Below is a sample of the type of questions that could be asked to determine your eligibility.

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First Draw PPP Loan — Additional Business Details

Enter additional details about your business including:

• If in operation on Feb 15, 2020 Yes or No?

• Existing customer Yes or No?

• Franchise (will pre-fill if you chose that you are a franchise listed in the SBA Franchise Directory).

•If your business is a franchise, you will be prompted to enter the franchise name. Type in the first few letters of the franchise name and select from the drop down options.

• NAICS code (search by NAICS number or industry classification ex: Fitness, Coffee, Clothing, etc.)

• Do you have any affiliates? (attached to another business)

•Affiliate definition link

•Use the Download option in the Upload Documents page to download the most current version of the Addendum A.

• Number of employees

• Average annual gross receipts over last 3 fiscal years.

NOTE: Receipts means all revenue in whatever form received or accrued from whatever source, including from the sales of products or services, interest, dividends, rents, royalties, fees, or commissions, reduced by returns and allowances. Generally, receipts are considered “total income” (or in the case of a sole proprietorship “gross income”) plus “cost of goods sold” as these terms are defined and reported on Internal Revenue Service (IRS) tax return forms (such as Form 1120 for corporations Line 1a; Form 1120S for S corporations Line 1a; Form 1120 Line 1a, Form 1065 Line 1a or Form 1040 Line 1a for LLCs; Form 1065 for partnerships Line 1a; Form 1040 Schedule F for farms Line 9; Form 1040 Schedule C Line 7 for other sole proprietorships).

• Alternative Size Standards

•Average annual net income in last 2 fiscal years (after federal income tax)

•Tangible Net Worth

Click CONTINUE at the bottom of the page.

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Second Draw PPP Loan — Additional Business Details

Enter additional details about your business including:

• If in operation on Feb 15, 2020 Yes or No?

• Select the quarter (or annual) that shows a 25% decrease in revenue from 2019 to 2020.

• Enter amount for 2019 and 2020.

• Franchise (will pre-fill if you chose that you are a franchise listed in the SBA Franchise Directory).

•If your business is a franchise, you will be prompted to enter the franchise name. Type in the first few letter of the franchise name and select from the drop down options.

• NAICS code (search by NAICS number or industry classification ex: Fitness, Coffee, Clothing, etc.)

• Do you have any affiliates? (attached to another business)

•Affiliate definition link

•Use the Download option in the Upload Documents page to download the most current version of the Addendum A.

• Number of employees

• Average annual gross receipts over last 3 fiscal years.

NOTE: Receipts means all revenue in whatever form received or accrued from whatever source, including from the sales of products or services, interest, dividends, rents, royalties, fees, or commissions, reduced by returns and allowances. Generally, receipts are considered “total income” (or in the case of a sole proprietorship “gross income”) plus “cost of goods sold” as these terms are defined and reported on Internal Revenue Service (IRS) tax return forms (such as Form 1120 for corporations Line 1a; Form 1120S for S corporations Line 1a; Form 1120 Line 1a, Form 1065 Line 1a or Form 1040 Line 1a for LLCs; Form 1065 for partnerships Line 1a; Form 1040 Schedule F for farms Line 9; Form 1040 Schedule C Line 7 for other sole proprietorships).

• Alternative Size Standards

•Average annual net income in last 2 fiscal years (after federal income tax)

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Step 3: Loan Information

Complete information about your loan.

• Is your business seasonal? Yes or No (Operates for no more than 7 months in a year, or have earned no more than 1/3 of its receipts in any 6 months in the prior calendar quarter.)

• Was your Business Operational for any 12-week period between February 15, 2019 and February 15, 2020? Yes or No

NOTE: Use the Download button to open a spreadsheet you can use to help calculate your payroll.

•Select the Payroll Calculation Sheet that fits your business scenario. Choices will be different based on if you answer Yes or No to the seasonal question.

• What were your average total monthly payroll costs in the last 12 months?

NOTE: Click on the Inclusion and Exclusion button for additional details for what is included and not.

• EIDL loan to be refinanced? Yes or No (Will only appear if you are applying for your 1st PPP Loan)

•If Yes, enter the amount

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Step 4: Business Details

Enter details about your business:

• Legal name

• DBA trade name (if applicable)

• Date incorporated

• Years in business

• Preferred contact name

• Name of authorized representative of business (any person completing application other than the business owner, and title of that authorized person)

• Business primary address

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Step 5: Ownership

Ownership — When Individuals are the Owner(s)

Scroll down to complete the ownership details.

Select the number of individuals that own 20% or more ownership of the business (or any married couples that own 20% or more of the business combined) from the drop down. (For Sole Proprietors, you will need to add at least one owner in the ownership section.)

NOTE: Refer to the following page on how to enter information if the Business is owned by another Entity, or you are a Non-Profit/Tribal Entity.

Complete the details for each 20% owner:

• Select Type: Individual

• Enter Name, SSN, Date of Birth, Email Address, % or Ownership, Title, Authorized Signer

• Business Address: Complete or Use “Auto Fill” box to populate

• How many married couples own 20% or more? Select #1 and complete spouse information

To Delete an Owner Use the blue x icon to delete an owner if one was accidentally added.

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Ownership — When an Entity is the Owner

For instances when the owner of the business is another entity, complete the following:

• Select Type: Non Individual

• What is the type of Owner: Select from the drop down

• Legal Name of Owner as it appears on Tax Returns

• TIN/EIN

• Date of Incorporation

• Business Email Address

• % of Ownership

• Title of Entity

• Authorized Signer? Yes or No

• Business Address: Complete or Use “Auto Fill” box to populate NOTE:

• For Nonprofits – Enter the Non-Profit again as the “owner” as 100%

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Step 6: Community Reinvestment Act (CRA) Details (Optional)

Optional: Enter the physical address of the business, gross revenue amount and the year you are reporting, and if the business is a nonprofit or a farming agriculture business.

Click CONTINUE to move to the next screen.

Step 7: Demographic Information (Optional)

The following information is optional and will have no bearing on the decision of your loan. Complete if desired, and click CONTINUE.

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Step 8: Upload Documents

Upload all required documents. Documents with a red * are required documents to be uploaded. Our loan platform requires these docs be uploaded but may not be used during your application process.

NOTE: Accepted files types include .doc, .pdf, .xls. Files must be less than 5MB, 35MB total for a single application. If you have files in excess of 5MB, please split the file into multiple files.

What to Upload

Submit only what is necessary with your application and please store any additional supporting documents on your computer. If you are having difficulty uploading files, please verify file names do not include special characters (such as _*&@#+) and do not have a file name greater than 50 characters in length.

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How to Upload Documents

Click on the Upload button at the end of each document type. Search your files/desktop. Select item and Open.

The following message will appear at the top of the screen upon successful upload.

Click CONTINUE to move to the next screen.

Step 9: Review and ESign Your Application

Review your application for accuracy.

Click Edit to make any changes to your application.

ESignature

After reviewing your application, scroll to the ESignature section to electronically sign.

Click on the ESign Disclosure hyper link and read the disclosure information. Once complete, click the “I have read through the E-Sign Disclosure” box.

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DocuSign

Click the “I agree to use electronic records and signatures” box. Click Continue.

First time users will need to Adopt their Initials. Click on any yellow note. Complete the Adopt Your Initials screen. NOTE: You can modify your Full Name and Initials.

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Review the application and complete all yellow highlighted fields by clicking on each item.

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Application Number

Once you have completed and submitted your PPP application, you will receive a confirmation screen that will include your application number.

What Happens After Submission

Your SBA PPP Loan will now be send to the SBA for decisioning/review. We are unsure of the turnaround time from the SBA. But once WTB is notified of your loan decision from the SBA, your Relationship Manager will reach out to you to review the next steps.

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Returning to the Portal

To return the application portal:

• Open watrust.com/ReliefBill

• Enter your email and the TIN used for the PPP Application application.

• Complete authentication.

• On the Select Loan screen, find the loan info and hit Select, then CONTINUE.

• You will be taken to the very beginning of the PPP application. Hit CONTINUE through each screen and make any updates as needed. You will be required to complete the DocuSign process after any changes have been made.

Uploading Documents After Submission

To upload documents after a loan has been submitted, complete the steps listed above. Once you are on the Document Upload screen, upload any missing documents.

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Appendix

Sample Addendum A

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References

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