Additional PPP funding is confirmed! Apply for the U.S. Small Business Administration Paycheck Protection Program 

Congress has replenished the SBA's Paycheck Protection Program (PPP). Please review the information below and submit your applications now to reserve your place in line.

What is PPP?

With the signing of the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law, the Federal Government is providing relief for individuals and businesses negatively impacted by the coronavirus outbreak.

Your organization may be eligible for the U.S. Small Business Administration's Paycheck Protection Program (PPP). This loan can assist in covering payroll for eight weeks, as well as other overhead expenses. Guidelines on calculating your qualified loan amount can be found in the provided Calculating Payroll Costs document. SBA may forgive these loans if used for eligible purposes. Guidelines on how to qualify for forgiveness can be found in the Use of Loan Proceeds document.  

SBA puts the onus on the Borrower to evidence payroll cost calculation and number of employees. To do so, SBA states Borrowers may also submit such documentation as is necessary to establish eligibility such as payroll processor records, payroll tax filings, Form 1099-MISC, or income and expenses from a sole proprietorship. For borrowers that do not have any such documentation, the borrower must provide other supporting documentation, such as bank records, sufficient to demonstrate the qualifying payroll amount..
What else do I need to know?
Please take a moment to review the U.S. Senate Committee on Small Business and Entrepreneurship’s user guide for the PPP loan program and for Economic Injury Disaster Loans and Grants, as well as counseling resources available. Familiarize yourself with these resources, so that you pursue the most beneficial option to your organization.
Where do I start?
Both nonprofit and for-profit entities may be eligible for the program. If you think you are eligible for PPP fill out the applications and consult your banker. 

  • Documentation confirming the number of full-time equivalent employees and corresponding payroll cost
  • 2019 tax return (2018 is acceptable if 2019 has not been filed)
  • If no 2019 tax returns, 2019 internal financial statements
  • If available, January and February 2020 in-house statements
  • If returns are on Schedule C, you must provide a company-prepared Balance Sheet for the coinciding year of tax returns provided
  • September 30, 2019 and December 31, 2019 payroll tax filings with proof of submission
  • Organization Documents pertaining to your legal entity structure. This includes articles of incorporation/organization, bylaws/operating agreements, corporate resolutions, etc
  • EIN letter from the IRS that verifies the TAX ID number
  • Social Security number for each signer and individual with 25% or more ownership
  • Copy of driver’s license for each signer and individual with 25% or more ownership
  • SBA Form 2483 (Access by clicking on the Get PPP Application Form link below)

Here are some questions you will need to answer on the application.

  • Have you laid anyone off? If so, do you intend to bring them back on payroll? 
  • How will you spend the money, breakdown via rent, payroll, and/or utilities?
  • Have you applied to another lender for a PPP loan or to the SBA for an Economic Injury Disaster Loan?

Please note, at this time VCC Is only taking requests for eligible loan amounts of $10,000 and above.

Get PPP Application Form


 For more information contact the Small Business Administration or see their website at


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