How to Apply for a PPP Loan
Your Step-by-Step Guide to Applying for a PPP Loan

This step-by-step guide will walk you through our PPP application to ensure you have a completed application—so that your PPP loan can be submitted, approved, and funded as fast as possible.

Begin application

How to Apply for a PPP Loan
SBA Paycheck Protection Program (PPP) Loans
Begin your PPP loan application through Lendio to be matched with a PPP lender. Lendio is not a lender, and an application submitted through Lendio does not guarantee you will receive a PPP loan or be matched to a lender. We will accept applications throughout the program or until allocated funds for the program have been exhausted.

Step 1

Create or Log into your Lendio Account

Fill in your information to create a loan profile with Lendio. If you already have an account, click “Sign in.”

Step 2

Log into your PPP Application

After creating a Lendio account or logging into your current account and getting started with the PPP application, confirm whether you are applying for your first or second PPP loan.

Step 3

Confirm Existing Business Information

  1. Business address: Confirm that the address is accurate, including the 5-digit zip code (it’s important that it’s the 5-digit zip code and not the 9-digit zip code). Verify you’ve selected the right business type. This affects the documents you may be required to provide. 
  2. Business Start Date: Enter your business’s start date. The start date should match the date listed on the business’s Secretary of State filing.
  3. Tax ID: Confirm that you have entered a valid 9-digit tax ID. Double-check for any typos and confirm that the ID number is 9 digits long. For some business types, the owner’s Social Security number will be used for the tax ID. Others will require the Federal Tax ID, also known as the EIN.
  4. Employee count: Verify employee count is between 1 and 500. Sole proprietors and 1099 workers should enter 1. 0 is not a valid entry.
  5. Loan amount requested: The requested amount should be 2.5 times your average monthly payroll costs (plus any Economic Injury Disaster Loan funds received, if applicable). It should not be $0. It should not be hundreds of millions of dollars. For help, you can use our PPP loan calculator
  6. After clicking Next, answer 8 general questions related to your business. (2nd Draw applicants will need to enter gross receipts and expenses for 2019 & 2020 before answering. If you are a 1st Draw applicant, skip to Step 5.)

Step 4

Revenue Reduction (2nd Draw only)

For 2nd Draw eligibility, you must be able to demonstrate at least a 25% revenue reduction.

  1. Enter your Gross Receipts for each quarter of 2019 and 2020.
  2. Enter your Expenses for each quarter of 2019 and 2020.
  3. Verify the information is correct and click “Next.” A financial statement that fulfills the SBA’s requirement of proof will be included with your application.

Step 5

Confirm Ownership

On the first “Owner Information” page, confirm whether or not there is anyone who owns a 20%  or larger stake in the business.

If so, please enter the owner % that you (the applicant) own and add any additional owners with 20% ownership using the link near the bottom of the page.

If no one owns a 20% stake in the business, please indicate and confirm that you are authorized to fill out the PPP application on behalf of the business you are applying for. The ownership percentage must be greater than 0

Step 6

Confirm Identification Documents

On the “Upload Identification & Voided Check” page, you should upload and review all necessary identification documents. Confirm that everything previously uploaded is correct and add any documents you’re missing to ensure a completed PPP application. 

If you don’t have the following attachments added to your application, please upload them:

  1. Driver’s License for all owners with 20%+ share in the business: A full color copy of the front and back of a valid Driver’s License for each owner. Make sure to double-check that the Driver’s License is not expired.
  2. A voided check from the payroll bank account for your business. 

Step 7

Confirm Payroll Documents

Upload all payroll documents that apply to your business situation. The following Payroll Documents are required for ALL applicants: 

  1. Front & Back of the Government-issued ID for each owner listed on the application
  2. Voided Check (from the business)
  3. 2020 Bank statement from January or February 

Required for Certain Business Types:

  1. IRS Form 1099-MISC
  2. 2019 Full Tax Return
  3. IRS Form 941
  4. IRS Form & written permission from the IRS
  5. 2019 Form W2 (for all employees)

Step 8

Confirm E-Sign

It’s almost time to sign on the dotted line. Before you resubmit your PPP application, please:

  1. Confirm that your full legal name is on the application. 
  2. Ensure your Social Security number is entered correctly (9 digits).
  3. Enter the applicant’s date of birth (New field)
  4. Enter Applicant Gender: Select “Male,” “Female,” or “Not Disclosed.” The SBA requires this demographic information to be recorded for its program reporting. 
  5. Certify, sign, and then submit! This is an essential step for any changes to be saved and uploaded. 

Step 9

Congratulations!

You’ve successfully submitted your application and you’re good to go! Curious about the next steps in the process? Check out what happens after you apply.

Apply for your PPP loan.
Begin your PPP loan application through Lendio to be matched with a PPP lender. Lendio is not a lender, and an application submitted through Lendio does not guarantee you will receive a PPP loan or be matched to a lender. We will accept applications throughout the program or until allocated funds for the program have been exhausted.

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Applying is free and won’t impact your credit