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  2. There are no fees for applying for PPP or forgiveness. Approval and loan forgiveness are subject to your ability to meet government-set eligibility requirements. Learn more. PPP borrowers are eligible for up to 2.5x monthly payroll costs for their initial PPP loan, as well as any second draw.

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      PPP borrowers are eligible for up to 2.5x monthly payroll...

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      PPP borrowers are eligible for up to 2.5x monthly payroll...

  3. Blue acorn helps self-employed and 1099s qualify for a Forgivable PPP loan from the SBA. We've helped 100,000+ customers, and have 100s of 5 star reviews.

  4. I received my PPP loan on a prepaid card. Do I qualify for forgiveness? If you received your funds via a prepaid card, you can still qualify for forgiveness, provided you used the money on qualifying expenses during the covered period.

  5. Jun 2, 2022 · 21 min read. Update March 30, 2021: The President has signed the PPP Extension Act. It gives business owners until May 31, 2021 to apply for PPP loans. One of the more confusing aspects of the Paycheck Protection Program (PPP) is how to apply for a PPP loan if you are self-employed, including if you are a 1099 contractor or gig worker.

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  6. What is the PPP? PPP was a cornerstone program of the CARES Act, intended to help employers keep their employees on their payroll by covering up to two months of their payroll expenses with a loan that could be completely forgiven if it was spent in accordance with the program’s guidelines.

  7. The good news is that if you are self-employed (and you are your only employee), this should be easy to achieve! However, it is important to note that you cannot receive both Unemployment Benefits and a PPP loan at the same time. You can use the PPP funds to pay yourself through what’s called owner compensation share or proprietor costs. This ...

  8. Nov 17, 2023 · Qualifying for a personal loan if you're self-employed may mean providing extra proof of your income, compared with workers who get W-2s at tax time.

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