1. PPP Loan Forgiveness Help Center
  2. Forgiveness Application Questions

Why do I need to upload documentation to show my 25% or more revenue reduction?

The SBA requires that second draw PPP borrowers with loans $150,000 and under provide gross receipt amounts and documentation to prove their business experienced at least a 25% revenue reduction between a certain period in 2019 and in 2020. This revenue reduction was an eligibility requirement for all Second Draw PPP loans, and borrowers must submit this documentation at forgiveness.