Self-Employed With No Workers? It is possible to Nevertheless Get a PPP Loan
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There is a huge number of frustration by small enterprises operating as single proprietors and attempting to have a Paycheck Protection Program (PPP) loan. Which will make matters more serious, numerous bankers and loan officers have already been overrun by the amount of applications, the rate for the stimulus roll away and sporadic SBA guidance regarding protocol for single proprietors.
Then there’s the historic, perpetual confusion provided by numerous regarding the self-employed concerning the distinction between separate contractors and workers. Unfortunately, each one of these factors converged simultaneously within the month that is past rendering it very hard for small-business owners to make use of precisely when it comes to PPP — and lots of have actually simply quit wanting to use. Read more