The Paycheck Protection Program (PPP) is an SBA loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Learn more about the program.
May 15, 2020 update: SBA released the PPP Loan Forgiveness application. Click on the link below to receive the application.
Our HR business partners have prepared documents to assist our clients with the Paycheck Protection Program loan process.
Please contact your HR business partner to get the documentation listed below to complete your PPP loan application.
PrestigePEO Applicant Certification Letter: This letter certifies the co-employment relationship we have with our clients.
PrestigePEO Average Monthly Cost Report: PrestigePEO clients will need a single-page summary of the information used to calculate the 2019 monthly average payroll costs. It is the basis for determining the loan amount and includes wages plus various benefits as well as state and local taxes.
PrestigePEO Client Allocation Report for 2019: The amount of wages and payroll taxes we reported to the IRS for your employees is acceptable for your PPP loan payroll documentation. Therefore, as a PEO client, Form 941 is not required for your loan application. If for some reason, your bank still requires documentation, we can issue the allocation report upon request.