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• Get the mobile banking app
• Did you need more time?
• PPP Loan Resources
• We can accept
• Reminder about documentation
• #{getAITableHeading(table.customVendorAttributes[0].value)} #{table.indexInSection}
• Revenue reduction
• Revenue Reduction
• Revenue Documentation
• Employee Payroll
• Payroll Documentation
• Evidence of Operations on February 15, 2020
• Owner(s) compensation
• Owner Compensation Documentation
• Evidence of Operations
• Organizations with Employees
• Organizations with no employees
• Additional Payroll Costs
• Indicate any additional payroll costs that were included in the Loan Request Amount.*
• Revenue reduction
• Revenue Reduction
• Revenue Documentation
• Supporting Documentation
• Supporting Documentation
• Save and Return Confirmation Content
• Review selection
• How do I check my Bank of America application status?
• How do I check my credit card processing status?
• Can I track my Bank of America card?
• What score do you need for Bank of America business credit card?

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PPP Loan Resources

For detailed information on the Paycheck Protection Program visit the SBA website.

For answers to frequently asked questions related to PPP, including loan forgiveness, and additional resources for businesses, visit our Small Business Resource Site.

Call us if you need to speak to a representative.
866.457.4892
Monday-Friday: 7 a.m.-11 p.m. ET
Saturday: 8 a.m.-8 p.m. ET
Sunday: Closed

We accept calls made through relay services (dial 711).

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Only owners who apply as borrowers are subject to credit checks. Bank of America will not run a credit check on any additional owners who are not borrowers.

Document Type Documentation

Add additional documentation

We can accept

• A total document upload of no more than 15 MB
• The following document types:
  PDF, TIF, TIFF, DOC, DOCX, JPEG, JPG and PNG

Reminder about documentation

• You must upload documentation to support each payroll category for which you previously entered a dollar amount. If you do not provide supporting documentation for each entry, we will be unable to process your application until we receive those documents.
• Reference the PPP Document Reference Sheet for guidance on appropriate documentation.
• Refer to the U.S. Treasury’s Website on Assistance for Small Businesses and the SBA site for official guidelines.
• Password protected documents cannot be uploaded.
• Editable PDF’s are not acceptable. Review this PDF Instruction Sheet to save your PDF files as read only.
• Applicants who file an IRS Form 1040, Schedule C and want to use gross income to calculate their PPP loan amount, must upload 2019 or 2020 Schedule C under owner compensation.

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Review errors and fix to continue.

Revenue reduction

To be eligible for a second draw PPP loan, the Applicant must have experienced at least a 25% reduction in gross receipts. The appropriate reference period depends on how long the Applicant has been in operation, as outlined below.

• For loans above $150,000, the Applicant must identify the 2020 quarter meeting this requirement, identify the reference quarter, and state the gross receipts amounts for both quarters, as well as provide supporting documentation.
• For loans of $150,000 and below, these fields are not required and the Applicant only must certify that the Applicant has met the 25% gross receipts reduction at the time of application; however, upon or before seeking loan forgiveness (or upon SBA request) the Applicant must provide documentation that identifies the 2020 quarter meeting this requirement, identifies the reference quarter, states the gross receipts amounts for both quarters, and supports the amounts provided.

Acceptable ways to demonstrate a reduction of at least 25% in gross receipts as defined by the SBA:

• For all entities other than those satisfying the conditions set forth below, Applicants must demonstrate that gross receipts in any quarter of 2020 were at least 25% lower than the same quarter of 2019. Alternatively, Applicants may compare annual gross receipts in 2020 with annual gross receipts in 2019; Applicants choosing to use annual gross receipts must enter “Annual” in the 2020 Quarter and Reference Quarter fields and, as required documentation, must submit copies of annual tax forms substantiating the annual gross receipts reduction.
• For entities not in business during the first and second quarters of 2019 but in operation during the third and fourth quarters of 2019, Applicants must demonstrate that gross receipts in any quarter of 2020 were at least 25% lower than either the third or fourth quarters of 2019.
• For entities not in business during the first, second, and third quarters of 2019 but in operation during the fourth quarter of 2019, Applicants must demonstrate that gross receipts in any quarter of 2020 were at least 25% lower than the fourth quarter of 2019.
• For entities not in business during 2019 but in operation on February 15, 2020, Applicants must demonstrate that gross receipts in the second, third, or fourth quarter of 2020 were at least 25% lower than the first quarter of 2020.

If your Loan Request Amount is $150,000 or less, you are not required to provide the information or documentation below at this time; choosing to do so now will require review of additional documentation in connection with your loan request.

Revenue Reduction

You must provide the following revenue reduction information:*

Reference Period

Gross Receipts for Reference Period

2020 Period

Gross Receipts for 2020 Period

Revenue Documentation

You must provide one of the following:*

• Annual tax forms for 2019 and 2020 (required if you choose an annual reference period)
• Quarterly income statements for your reference period and your 2020 period (if you choose a quarterly reference period)
• Bank statements for your reference period and your 2020 period (if you choose a quarterly reference period), showing deposits from the relevant quarters. The Applicant must annotate, if it is not clear, which deposits listed on the bank statement constitute gross receipts (e.g., payments for purchases of goods and services) and which do not (e.g., capital infusions).

1. to the extent that unaudited income statements are provided in connection with substantiating the Applicant’s revenue reduction calculation, to the accuracy of each page of the income statements provided to Bank of America; and
2. to the extent that tax returns that have not been filed are provided in connection with substantiating the Applicant’s revenue reduction calculation, that the values that are entered into the gross receipts computation are the same values that will be filed on the Applicant’s tax returns.

Employee Payroll

Documentation is required if employee payroll was included in the Loan Request Amount.

Review errors and fix to continue.

Payroll Documentation

Organizations with employees can verify payroll using one of the following documents*

For 2019 or 2020 one of the following tax forms:

• Tax Form 941 for all four quarters
• Tax Form 940
• Tax Form 943
• Tax Form 944
• Tax Form W3
• 2019 or 2020 Payroll Processor records including gross salaries and wages (similar to those produced by acceptable payroll providers such as ADP, Paycom, SAP, Ceridian, Intuit/QuickBooks, Paylocity, Workday, Paychex)
• For new businesses, that came into business after February 15, 2019, requesting first draw loans, the Applicant may provide one of the above documents verifying payroll from January 1, 2020 to February 29, 2020.
• For new businesses requesting second draw loans without 12 months of payroll costs but that were in operation on February 15, 2020, the Applicant may provide one or more of the above documents verifying payroll for the number of months in which payroll costs were incurred.

Review errors and fix to continue.

Evidence of Operations on February 15, 2020

Provide one of the following documents to establish you were in operation on February 15, 2020:

• 2020 Payroll Processor records including gross salaries and wages (similar to those produced by acceptable payroll providers such as ADP, Paycom, SAP, Ceridian, Intuit/Quickbooks, Paylocity, Workday, Paychex) or equivalent documentation from the pay period
• If a seasonal business, you must select “Seasonal Business Documentation” and provide supporting documentation that the business was in operation for any 12 week period between February 15, 2019 and February 15, 2020

Owner(s) compensation

Documentation is required if owner compensation was included in the Loan Request Amount.

• Applicants who file an IRS Form 1040, Schedule C and want to use gross income to calculate their PPP loan amount, must upload 2019 or 2020 Schedule C under owner compensation.

Review errors and fix to continue.

Owner Compensation Documentation

Provide the appropriate tax documents for 2019 or 2020.*

• Tax Form 1040 Schedule C
• Tax Form 1040 Schedule F
• Tax Form 1065 and at least one Schedule K-1 for each Partner

Review errors and fix to continue.

Evidence of Operations

Organizations with Employees

Provide one of the following documents establishing you were in operation on February 15, 2020:

• 2020 Payroll Processor records including gross salaries and wages (similar to those produced by acceptable payroll providers such as ADP, Paycom, SAP, Ceridian, Intuit/QuickBooks, Paylocity, Workday, Paychex) or similar documentation from the pay period that covered February 15, 2020.
• Self-employed organizations with employees that 1) file 1040 Schedule C or 1040 Schedule F and 2) were not in operation between February 15, 2019 and June 30, 2019 must provide:
  • Payroll records from January and February 2020

Organizations with no employees

Provide one of the following documents establishing you were in operation on February 15, 2020:

• Bank Statement
• Book of Record
• Invoice

In addition, if you submitted a 2019 IRS Form 1040, Schedule C or Schedule F, in support of your loan request and have no employees, you must also prove self-employment in 2019 by providing one of following:

• 2019 Bank Statement
• 2019 IRS Tax Form 1099-MISC
• 2019 Booking records
• 2019 Invoices

Additional Payroll Costs

Indicate any additional payroll costs that were included in the Loan Request Amount.*

Select all that apply:

Upload statements validating any health insurance contributions from health insurance company.*
Self-insured can alternatively use statements from third-party administrator for a self-insured health insurance plan.

Upload statements validating any retirement contributions.*

Upload 2019 or 2020 employer state and local taxes from quarterly wage reporting forms.*

Upload 2019 or 2020 Tax Form 1099 Misc. (Required for commercial fishing boat owners).*

Review errors and fix to continue.

Revenue reduction

To be eligible for a second draw PPP loan, the Applicant must have experienced at least a 25% reduction in gross receipts. The appropriate reference period depends on how long the Applicant has been in operation, as outlined below.

• For loans above $150,000, the Applicant must identify the 2020 quarter meeting this requirement, identify the reference quarter, and state the gross receipts amounts for both quarters, as well as provide supporting documentation.
• For loans of $150,000 and below, these fields are not required and the Applicant only must certify that the Applicant has met the 25% gross receipts reduction at the time of application; however, upon or before seeking loan forgiveness (or upon SBA request) the Applicant must provide documentation that identifies the 2020 quarter meeting this requirement, identifies the reference quarter, states the gross receipts amounts for both quarters, and supports the amounts provided.

Acceptable ways to demonstrate a reduction of at least 25% in gross receipts as defined by the SBA:

• For all entities other than those satisfying the conditions set forth below, Applicants must demonstrate that gross receipts in any quarter of 2020 were at least 25% lower than the same quarter of 2019. Alternatively, Applicants may compare annual gross receipts in 2020 with annual gross receipts in 2019; Applicants choosing to use annual gross receipts must enter “Annual” in the 2020 Quarter and Reference Quarter fields and, as required documentation, must submit copies of annual tax forms substantiating the annual gross receipts reduction.
• For entities not in business during the first and second quarters of 2019 but in operation during the third and fourth quarters of 2019, Applicants must demonstrate that gross receipts in any quarter of 2020 were at least 25% lower than either the third or fourth quarters of 2019.
• For entities not in business during the first, second, and third quarters of 2019 but in operation during the fourth quarter of 2019, Applicants must demonstrate that gross receipts in any quarter of 2020 were at least 25% lower than the fourth quarter of 2019.
• For entities not in business during 2019 but in operation on February 15, 2020, Applicants must demonstrate that gross receipts in the second, third, or fourth quarter of 2020 were at least 25% lower than the first quarter of 2020.

If your Loan Request Amount is $150,000 or less, you are not required to provide the information or documentation below at this time; choosing to do so now will require review of additional documentation in connection with your loan request.

Revenue Reduction

You must provide the following revenue reduction information:*

Reference Period

Gross Receipts for Reference Period

2020 Period

Gross Receipts for 2020 Period

Revenue Documentation

You must provide one of the following:*

• Annual tax forms for 2019 and 2020 (required if you choose an annual reference period)
• Quarterly income statements for your reference period and your 2020 period (if you choose a quarterly reference period)
• Bank statements for your reference period and your 2020 period (if you choose a quarterly reference period), showing deposits from the relevant quarters. The Applicant must annotate, if it is not clear, which deposits listed on the bank statement constitute gross receipts (e.g., payments for purchases of goods and services) and which do not (e.g., capital infusions).

1. to the extent that unaudited income statements are provided in connection with substantiating the Applicant’s revenue reduction calculation, to the accuracy of each page of the income statements provided to Bank of America; and
2. to the extent that tax returns that have not been filed are provided in connection with substantiating the Applicant’s revenue reduction calculation, that the values that are entered into the gross receipts computation are the same values that will be filed on the Applicant’s tax returns.

If you checked the last box, "No retirement, health insurance, state and local taxes or commercial fishing boats were claimed," you cannot check any other boxes.

Please return and check all of the items that apply to the Borrower.

Since you do not have employees or owners salary, you do not meet the SBA's qualifications for the Paycheck Protection Program.

#{$parent.businessEntityName} (“Applicant”)

Supporting Documentation

Supporting Documentation

Save and Return Confirmation Content

Business Name ("Applicant")

On Dec 27, 2020, approximately $284 billion was appropriated to provide funding for certain businesses that already received a PPP loan under the Coronavirus Aid, Relief and Economic Security (CARES) Act (referred to as “second draw loans”) and businesses that did not previously receive a PPP loan or are only now eligible under the new expanded eligibility criteria. Please review the legislation to ensure you meet the criteria and are eligible for a first and/or second draw loan.

Review the following resources for more information on eligibility:

• Small Business Administration
• U.S. Treasury Website on Assistance for Small Businesses
• Bank of America Frequently Asked Questions

•  I do not have a Paycheck Protection Program Loan

On March 3, 2021, the SBA released new guidance allowing Applicants that file IRS Form 1040, Schedule C to calculate their PPP Loan Request Amount using gross income, instead of net profit. Please refer to SBA Form 2483-C (for First Draw PPP loans) or SBA Form 2483-SD-C (for Second Draw PPP loans) for guidance on the specific requirements and qualifying criteria.

To apply for a Paycheck Protection Program Loan through Bank of America at this time, you must have an existing Small Business relationship with one of the following:

• Small business checking account and small business lending relationship, inclusive of credit card, open no later than December 21, 2020.
• Small business checking account open no later than December 21, 2020 and do not have a business credit or borrowing relationship with another bank.
• As of December 21, 2020 have a Merrill Lynch Working Capital Management Account (WCMA), Endowment Management Account (EMA), or Business Investing Account (BIA) and have either (i) a business credit relationship with Bank of America or (ii) do not have a business credit or borrowing relationship with another bank.

•  I meet the Bank of America qualifications.

Review the PPP Document Reference Sheet for information on supporting payroll and/or tax information requirements.

• You will need to provide beneficial owner contact information, date of birth, and social security number (SSN) or individual taxpayer identification number (ITIN).
• Have the required documents ready before you start your application.
• You will not be able to submit your application without the required documentation.
• Once you start the application, you cannot save and return.
• If you cannot provide all the required documents, you will have to exit and restart the application.

Make sure:

• To read and review the applicable SBA PPP Application Form, along with the relevant instructions. The SBA PPP Application Forms can be found at the following links:
  • SBA Form 2483 - First Draw Borrower Application Form
  • SBA Form 2483-SD - Second Draw Borrower Application
  • SBA Form 2483-C – First Draw Borrower Application Form for Schedule C Filers Using Gross Income
  • SBA Form 2483-SD-C – Second Draw Borrower Application Form for Schedule C Filers Using Gross Income
• The Tax Identification Number TIN (ITIN, EIN, SSN) on your documentation matches the TIN (ITIN, EIN, SSN) associated with the BA360 Online Banking ID. If not, call the Bank at 1.833.440.0954 to update the banking profile.
• Any PDF documents are read only, not editable. If you have editable PDF’s, review this PDF Instruction sheet to save your files as read only.

•  I have read and reviewed the PPP Document Reference Sheet and have all documentation I need to successfully complete this application.

•  I confirm that the TIN (ITIN, EIN, SSN) on my documentation matches the TIN (ITIN, EIN, SSN) associated with the BA360 Online Banking ID. If this number does not match, submission of your application may be delayed.

Bank of America has created a Loan Amount Worksheet to help you calculate your Loan Request Amount. This is a worksheet provided for your benefit; you should keep this completed worksheet for your files.

• Download the Bank of America Loan Amount Worksheet
• Complete the Loan Amount Worksheet

•  I have downloaded and completed the Bank of America Loan Amount Worksheet to help me fill out my calculations.

Once you start the application, you cannot save and return to complete it; once you exit, you will have to restart the application.

•  I understand once I start the application I cannot save and return to the information I have provided. If I choose to exit, I will have to restart the application.

Note: Close any other Bank of America Online Banking tabs before beginning your application to avoid a possible time out of your PPP loan application.

Business Name ("Applicant")

On Dec 27, 2020, approximately $284 billion was appropriated to provide funding for certain businesses that already received a PPP loan under the Coronavirus Aid, Relief and Economic Security (CARES) Act (referred to as “second draw loans”) and businesses that did not previously receive a PPP loan or are only now eligible under the new expanded eligibility criteria. Please review the legislation to ensure you meet the criteria and are eligibile for a first and/or second draw loan.

Review the following resources for more information on eligibility:

• Small Business Administration
• U.S. Treasury Website on Assistance for Small Businesses
• Bank of America Frequently Asked Questions

For Borrowers who receive a First and Second Draw PPP loan in 2021, please note:

• The Covered Period (i.e., the period in which you must use the PPP loan proceeds) for a first draw PPP loan and a second draw PPP loan cannot overlap. This means that the Covered Period of your first draw PPP loan must end prior to the date your second draw PPP loan is disbursed, and that you must have used the full amount of your first draw PPP loan (including any increase) on eligible expenses under the PPP rules before receiving your second draw PPP loan.
  • For example, if your second draw PPP loan was disbursed 9 weeks aſter your first draw PPP loan, the maximum Covered Period for your first draw PPP loan is 9 weeks. To be eligible for a second draw PPP loan, you will need to have spent the full amount of your first draw PPP loan on eligible expenses during that 9 week period following your first draw PPP loan disbursement.
• Note that the minimum Covered Period is 8 weeks following the date of loan disbursement.
• Please also note that employee compensation and owner replacement compensation must be prorated for the Covered Period.
  • Employee Compensation
    For an 8-week Covered Period, the maximum amount that can be forgiven is $15,385 ($100,000/52 weeks x 8 week Covered Period), for each individual employee. For a 24-week Covered Period, the maximum amount is $46,154 ($100,000/52 weeks x 24 week Covered Period), for each individual employee.
  • Owner Replacement Compensation
    For an 8-week Covered Period, owner replacement salary is capped at (a) $15,385 ($100,000/52 weeks x 8 week Covered Period) or (b) the 8 week equivalent of the individual’s applicable compensation in the year that was used to calculate the loan amount (2019 or 2020), whichever was lower. For a 24-week Covered Period, owner replacement salary is capped at (a) $20,833 (the 2.5 month equivalent of $100,000 per year), or (b) the 2.5 month equivalent of the individual’s applicable compensation in the year that was used to calculate the loan amount (2019 or 2020), whichever is lower

On March 3, 2021, the SBA released new guidance allowing Applicants that file IRS Form 1040, Schedule C to calculate their PPP Loan Request Amount using gross income, instead of net profit. Please refer to SBA Form 2483-C (for First Draw PPP loans) or SBA Form 2483-SD-C (for Second Draw PPP loans) for guidance on the specific requirements and qualifying criteria.

To apply for a Paycheck Protection Program Loan through Bank of America at this time, you must have an existing Small Business relationship with one of the following:

• Small business checking account and small business lending relationship, inclusive of credit card, open no later than December 21, 2020.
• Small business checking account open no later than December 21, 2020 and do not have a business credit or borrowing relationship with another bank.
• As of December 21, 2020 have a Merrill Lynch Working Capital Management Account (WCMA), Endowment Management Account (EMA), or Business Investing Account (BIA) and have either (i) a business credit relationship with Bank of America or (ii) do not have a business credit or borrowing relationship with another bank.

•  I meet the Bank of America qualifications.

Review the PPP Document Reference Sheet for information on supporting payroll and/or tax information requirements.

• You will need to provide beneficial owner contact information, date of birth, and social security number (SSN) or individual taxpayer identification number (ITIN).
• Have the required documents ready before you start your application.
• You will not be able to submit your application without the required documentation.
• Once you start the application, you cannot save and return.
• If you cannot provide all the required documents, you will have to exit and restart the application.

Make sure

• To read and review the applicable SBA PPP Application Form, along with the relevant instructions. The SBA PPP Application Forms can be found at the following links:
  • SBA Form 2483 – First Draw Borrower Application
  • SBA Form 2483-SD – Second Draw Borrower Application
  • SBA Form 2483-C – First Draw Borrower Application Form for Schedule C Filers Using Gross Income
  • SBA Form 2483-SD-C – Second Draw Borrower Application Form for Schedule C Filers Using Gross Income
• The Tax Identification Number TIN (ITIN, EIN, SSN) on your documentation matches the TIN (ITIN, EIN, SSN) associated with the BA360 Online Banking ID. If not, call the Bank at 1.833.440.0954 to update the banking profile.
• Any PDF documents are read only, not editable. If you have editable pdf’s, review this PDF Instruction sheet to save your files as read only.

•  I have read and reviewed the PPP Document Reference Sheet and have all documentation I need to successfully complete this application.

•  I confirm that the TIN (ITIN, EIN, SSN) on my documentation matches the TIN (ITIN, EIN, SSN) associated with the Business ID. If it does not match it will slow down submission.

Bank of America has created a Loan Amount Worksheet to help you calculate your Loan Request Amount. This is a worksheet provided for your benefit; you should keep this completed worksheet for your files.

• Download the Bank of America Loan Amount Worksheet
• Complete the Loan Amount Worksheet

•  I have downloaded and completed the Bank of America Loan Amount Worksheet to help me fill out my calculations.

Once you start the application, you cannot save and return to complete it; once you exit, you will have to start over.

•  I understand once I start the application I cannot save and return to the information I have provided. If I choose to exit, I will have to start the application over.

The Business TIN (ITIN, EIN, SSN) below is the Business TIN (ITIN, EIN, SSN) associated with your First Draw PPP Loan. If the Business TIN (ITIN, EIN, SSN) does not match the business that you are applying for, you should not proceed with this application. Call the bank at 1.833.440.0954 to update the banking profile.

First Draw PPP Loan Number *

The system is currently unavailable. Please try again later

Business TIN (ITIN, EIN, SSN)

Show

TIN

Note: Close any other Bank of America Online Banking tabs before beginning your application to avoid a possible time out of your PPP loan application.

Business Name ("Applicant")

To apply for a Paycheck Protection Program Loan through Bank of America at this time, you must have an existing Small Business relationship with one of the following:

• Small business checking account and small business lending relationship, inclusive of credit card, opened no later than December 21, 2020.
• Small business checking account opened no later than December 21, 2020 and do not have a business credit or borrowing relationship with another bank.
• As of December 21, 2020 have a Merrill Lynch Working Capital Management Account (WCMA), Endowment Management Account (EMA), or Business Investing Account (BIA) and have either (i) a business credit relationship with Bank of America or (ii) do not have a business credit or borrowing relationship with another bank.

I attest, I have a small business checking account and small business lending relationship, inclusive of credit card, opened no later than December 21, 2020. *

•  Yes
•  No

Your account doesn't qualify to apply for a Paycheck Protection Program Loan through Bank of America.
Please contact your primary business lender or visit sba.gov.

I attest, I have a small business checking account opened no later than December 21, 2020 and do not have a business credit or borrowing relationship with another bank. *

•  Yes
•  No

Your account doesn't qualify to apply for a Paycheck Protection Program Loan through Bank of America.
Please contact your primary business lender or visit sba.gov.

I attest, as of December 21, 2020 I have a Merrill Lynch Working Capital Management Account (WCMA), Endowment Management Account (EMA), or Business Investing Account (BIA) and have either (i) a business credit relationship with Bank of America or (ii) do not have a business credit or borrowing relationship with another bank. *

•  Yes
•  No

Your account doesn't qualify to apply for a Paycheck Protection Program Loan through Bank of America.
Please contact your primary business lender or visit sba.gov.

Refer to the Small Business Administration and U.S. Treasury Website on Assistance for Small Businesses to review all the terms and conditions.

• An eligible entity may only receive one second draw PPP loan.
• The second draw PPP loan amount may not exceed the lesser of:
  1. two and a half months of the Applicant’s average monthly payroll costs (or three and a half months average monthly payroll costs for applicants in the Accommodations and Food Services sector that have reported a NAICS code beginning with 72 as their business activity code on their most recent IRS income tax return) and
  2. $2 million; provided that businesses that are part of a single corporate group may not receive more than $4 million of Second Draw PPP Loans in the aggregate. Hide More Info

     For purposes of this limit, businesses are part of a single corporate group if they are majority owned, directly or indirectly, by a common parent

Calculated Average Monthly Payroll From First Draw PPP Loan $

This is the average monthly payroll we believe you qualify for, based on the documents you supplied.

Calculated Maximum Second Draw Loan Amount $

This is the maximum loan amount we believe you qualify for without submission of additional documents.Note: If you are a Schedule C filer and your First Draw PPP Loan was calculated based on net profit, this amount does not capture the amount you could be eligible for using gross income. Select Option 2 below to calculate your loan amount using gross income.

Requested Loan Amount
Select one of the following options *

•  Option 1
  Select this option to request a loan amount that is equal to or less than the Calculated Maximum Second Draw PPP Loan Amount. Do not select this option if you want to use gross income to calculate your requested Second Draw PPP Loan Amount and used net profit to calculate First Draw PPP Loan Amount OR if you used the precise 12-month period prior to your First Draw PPP Loan, instead of calendar year 2019, to calculate your First Draw PPP Loan Amount.
•  Option 2
  Select this option if:
  1) you are seeking a loan amount that is greater than the Calculated Maximum Second Draw Loan Amount; or
  2) you used payroll costs from the precise 12-month period prior to your First Draw PPP Loan, instead of calendar year 2019, to calculate your First Draw PPP Loan Amount, or
  3) you want to use gross income to calculate Second Draw Loan Amount and used net profit to calculate First Draw PPP Loan Amount.
  
  • I understand that selecting this option will require review of additional documentation I provide.
  • I have downloaded and completed the Loan Amount Worksheet to help me fill out my calculations.
  • I have read and reviewed the PPP Document Reference Sheet and gathered all documentation to successfully complete this application.

Requested Loan Amount * $

Does the Applicant file for taxes using IRS Form 1040 Schedule C and want to use gross income, instead of net profit to calculate its requested PPP loan amount?
Select No if:

• You selected Option 1 (above) and the Applicant received the First Draw PPP Loan in 2020, or
• You selected Option 1 (above) and the Applicant received the First Draw PPP Loan in 2021 and the loan was calculated using net profit.

•  Yes
•  No

Indicate the purpose for which this loan will be used. Refer to the Small Business Administration’s website and the U.S. Treasury FAQ website for detailed descriptions and criteria that fulfill purposes described below.

Select all that apply:

•  Payroll Costs (for Schedule C filers, including proprietor expenses, equal to business expenses plus owner compensation)
•  Rent / Mortgage Interest
•  Utilities
•  Covered Operations Expenditures
•  Covered Property Damage
•  Covered Supplier Costs
•  Covered Worker Protection Expenditures
•  Other

If other, please explain:

Select the checking account into which we are to deposit the funds. *

Review selection

Are you sure you want to select Option 1?

You have indicated that the Applicant files taxes using IRS Form 1040, Schedule C and that you want to use gross income to calculate your Requested Loan Amount.

If you file taxes using IRS Form 1040 Schedule C and want to use gross income to calculate your Requested Loan Amount, you should return and select Option 2 if:

• You received your First Draw PPP Loan in 2020; or
• You received your First Draw PPP Loan in 2021 and the loan amount was based on net profit.

If either of the two categories above describe you and you proceed with Option 1, your loan amount will be based on net profit.

Are you sure you want to cancel and exit?

If you exit, your information will not be saved. You may only apply for the Paycheck Protection Program Loan online. We are not accepting any applications in financial centers, over the phone, fax, email, or mail.

If you exit, your information will not be saved. You can begin a new application at any time.

If you have questions or would like to apply by phone or in-person with a business lending specialist, please schedule an appointment or call 866.543.2808 Monday – Friday 8 a.m.–10 p.m. ET.

How do I check my Bank of America application status?

How do I check my credit card processing status?

Can I track my Bank of America card?

What score do you need for Bank of America business credit card?