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Item ii, Part B in Section II of the SBA section of the CARES Act spells out the qualifications for Payroll Protection Plan relief money. It states that an independent contractor who operates as a sole proprietor may apply for PPP relief. A bank you do business with is your best bet, or a...
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Item ii, Part B in Section II of the SBA section of the CARES Act spells out the qualifications for Payroll Protection Plan relief money. It states that an independent contractor who operates as a sole proprietor may apply for PPP relief. A bank you do business with is your best bet, or a Community Bank or Credit Union. New funding is now available. Make sure you have not defaulted on a past SBA loan. Qualifications are not difficult.
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Employee W-2 statements from 2019, your 2018 tax schedules, group health bill or statement and documentation of your annual or monthly rent. For a solo business , applying is worthwhile. Work with a bank you do business with, the smaller, possibly , the better.
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Employee W-2 statements from 2019, your 2018 tax schedules, group health bill or statement and documentation of your annual or monthly rent. For a solo business , applying is worthwhile. Work with a bank you do business with, the smaller, possibly , the better.