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PPP Loan Forgiveness - Documentation - Citi

As of October 2, 2020 PPP Loan Forgiveness -DocumentationAs of Oct. 2, 2020 Table of Contents2 TopicPagesPayrollDocumentation3 Cash Compensation EmployeeHealth Insurance Employee Retirement Plans State & Local TaxesNon-payroll Documentation4 Mortgage InterestPayments Rent or Lease Payments Utility PaymentsFTE Documentation5 -6 DocumentsBorrowers Must Maintain7 -8As of Oct. 2, 2020 All Borrowers -Payroll Expense Documentation3 Expense TypeAcceptableDocumentsCash Compensation(StandardApp schedule A Lines 1, 4, and 9&Standard App Loan Forgiveness Calculation Form Line 1)(EZ App-Line1)Please note: Acceptable documents for each employee are capped at annualized rate of $100,000 ($15,385 for 8-week covered period, $46,154 for 24-week covered period).

Oct 02, 2020 · Note, Amortization Schedule) AND Lender Account Statements/Bills or Cancelled Checks (front and back) or Payment Receipts Ensure that your Mortgage Interest documentation shows the breakout of interest and principal and supports the amount spent/claimed on your forgiveness application Rent or Lease Payments (Standard App

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