What is PPP?

The Paycheck Protection Program (PPP) was created as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES). The PPP makes $350 billion in paycheck protection loans available to small businesses, with an availability of up to $10 million in forgivable loans for individual businesses.

A small business may qualify for PPP if it has fewer than 500 employees and was in business as of February 15, 2020. Unlike other SBA loan programs, the PPP considers nonprofits, sole proprietors, and independent contractors eligible.

How Ocrolus Can Help

Ocrolus can assist agents and lenders taking part in PPP by processing application documents in full and returning digitized data in a standard JSON format through its API (See Getting Started Guide). Samples of these required documents and the digitized output can be found below:

• SBA PPP Lending Applications
• Payroll Report
• IRS Form W-2
• IRS Form W-3
• IRS Form 940
• IRS Form 941
• IRS Form 944
• IRS Form 1040 (2018)
• IRS Form 1040 (2019)
• IRS Form 1040 (Schedule C)
• IRS Form 1040 (Schedule SE)
• IRS Form 1096
• IRS Form 1099-Misc
• IRS Form 1099-K
• Voided Check
• Identity Verification Documents

How to Upload Forms

Forms can be uploaded to Ocrolus for processing individually or as a consolidated application. The upload process varies slightly for each format.

• Uploading each application component individually as discrete PDF Forms
• Uploading all application components together as a PDF Mixed Document