To assist you in your mortgage process, we have provided certain forms you might need along the way. Included is obviously the Mortgage Application Form which you can download and print. The application should be completed with the assistance of a mortgage professional. You will need a browser compatible with PDF files or you will need to download Adobe Acrobat Reader to view and print PDF files on all major computer platforms.
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What counts as “payroll costs?”
Salaries (up to $100,000 for any employee), wages, commissions or similar compensation,
cash tips or equivalent, paid vacations, paid sick, parental and family medical leave
Allowance for dismissal or separation
Group health costs including insurance premiums
Retirement benefits
State and local payroll taxes
Any amounts that an eligible borrower has paid to an independent contractor or sole proprietor should be
excluded from the eligible business’s payroll costs. However, an independent contractor or sole proprietor
will itself be eligible for a loan under the PPP, if it satisfies the applicable requirements.
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This information is required by Financial Institutions to process business loans.