Apply for the Paycheck Protection Program

Here's what you'll need to complete your application:

  • You must have an M&T business checking account1 open prior to applying, and demonstrate that your business was in operation on 02/15/20
  • 2019 or 2020 payroll amount from last year
  • PDF copies of payroll documentation such as:

    For Businesses with Employees (if applicable):

    • 2019 and/or 2020 IRS 940, 941 or 944 payroll tax reports
    • Payroll statement or similar documentation to demonstrate operations on 02/15/20
    • For S or C Corps: Equivalent payroll processor records or IRS Wage and Tax Statements, along with the filed business tax return 
    • Summary of payroll expenses for Individual Employees with cash compensation over $100,000
    • K-1 (IRS 1065) for Partnership Self Employed employment income
    • General Ledger Reports or statements to assist with Health Care and Retirement benefits (S or C Corps may use IRS Form 1120 or IRS 1120-S)
    • State Quarterly Wage Reporting Forms
    • Second Draw Applicants: Documentation demonstrating 25% reduction in gross receipts for loans greater than $150,000 is required. If including, but not limited to, tax forms, quarterly income statement, or bank statement. If the loan is $150,000 or less, you have the option to provide at application, however, you must minimally supply by loan forgiveness. 

     

    For Sole Proprietorships and Independent Contractors (if applicable):

    • Form 1040 Schedule C or F for 2019 and/or 2020 (Self-employed individuals with no employees must submit Form 1099-MISC in addition to 1040 Schedule C or F)
    • Payroll tax filings
    • Payroll statement or similar documentation to demonstrate operations on 02/15/20
    • Bank Statements to demonstrate payroll disbursements
    • General Ledger Reports or statements to assist with Health Care and Retirement benefits
    • State Quarterly Wage Reporting Forms
    • Second Draw Applicants: Documentation demonstrating 25% reduction in gross receipts for loans greater than $150,000 is required. If including, but not limited to, tax forms, quarterly income statement, or bank statement. If the loan is $150,000 or less, you have the option to provide at application, however, you must minimally supply by loan forgiveness.

 

Note: We recommend using Chrome, Edge or Safari browsers, and disabling pop-up blockers.

The following documentation is required to open a Business checking account:

  • An M&T Business checking account1 must be opened as of 01/15/21, and 
  • Business Taxpayer Identification Number (SSN and/or EIN)
  • Business information documents (you will need at least two)
  • Identification detail of all owners over 10% 

As part of M&T’s PPP loan application process, you will be required to open a new Business checking account. If you are approved for a PPP loan, the funds will be disbursed into this account.

Please note that opening a Business checking account does not guarantee PPP approval. 

If you are an independent contractor or sole proprietor and your business was operational on February 15, 2020, and you were using a personal M&T checking account to operate your business, you may be eligible. You will be required to open a business checking account prior to receiving any PPP funds.

Accessibility 

©2020 M&T Bank. All right reserved.

Users of this website agree to be bound by the provisions of the M&T website Terms of Use and Privacy

Equal Housing Lender M&T Bank. Member FDIC.