PPP Loan Forgiveness Just Got Easier

Posted by:

Tom Jordan

Highly recommended
Creative Specialty Promotions
6 Questions answered
Answered on February 1st, 2021

I work in the Promotional Products Industry on a 1099 getting paid commissions on sales.  I did not apply previously, but suffered a big drop in income due to the pandemic.  Many of my clients who did annual business with me were not able to do so all last year since they were not able to hold meetings and conferences and golf tournaments.  Additionally I worked with hotels for uniforms and other items and due to the pandemic, they were closed for a long period and even now have not hired back but a few employees.  Even now in 2021, my major client, William and Mary University still has all their budgets frozen and expect that to be the case thoughout the year.   I don't have employees, but am I able to apply due to my loss of income?


1 Reply

Feb 1st, 2021
Not due to loss of income in 2020, BUT based on your 2019 income. Find Line 31 on 2019 schedule C. If a positive #, apply for PPP at your bank!
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