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  1. www.sba.gov › first-draw-ppp-loanFirst Draw PPP loan | U.S. Small Business Administration

    How and when to apply. All new First Draw PPP loans will have the same terms regardless of lender or borrower. If you wish to begin preparing your application, download the following PPP borrower application form to see the information that will be requested from you when you apply with a lender: PPP First Draw Borrower Application Form.

  2. www.fundingcircle.com › us › resourcesSBA Loans for Independent Contractors and Self Employed

    • Eligibility Requirements
    • Loan Amounts
    • Ways to Use A PPP Loan

    As a self-employed individual or independent contractor, you’ll need to meet the following criteria: 1. Be in operation before February 15, 2020 2. Make income 3. Live in the US 4. Have filed a 2019 or 2020 tax return with the IRS 5. Certify that PPP funding is necessary to support your ongoing operations

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    Businesses with employees use a payroll calculation to determine their loan amounts. First-time borrowers may get up to 2.5 times their monthly payroll (up to $10 million), while second-time borrowers can get up to $2 million. However, if you don’t have employees, you can still get PPP loan financing. Thanks to the change in loan calculations for S...

    See full list on fundingcircle.com

    Self-employed individuals and independent contractors can use PPP loans following the SBA’s guidance. If you use the loans appropriately, then your business has the potential to receive 100% loan forgiveness. Here’s a list of eligible PPP fund expenses: 1. Payroll: Includes wages, salary, tips, commissions, bonuses, paid leave, and group insurance ...

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  4. www.nav.com › blog › self-employed-how-to-apply-forHow To Apply For A PPP Loan if You're Self-Employed | Nav

    Jun 2, 2022 · Update: On March 3, 2021 the SBA released a new Interim Final Rule that applies to PPP applicants who are self-employed. Prior to this change, self-employed borrowers who file Schedule C used line 31 of their Schedule C (net profit) to calculate the owner’s compensation portion of their loan amount.

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  5. www.sba.gov › sites › defaultPaycheck Protection Program: Borrower Application Form ...

    Paycheck Protection Program OMB Control No.: 3245-0407 OMB Control No.: 3245-0407. Borrower Application Form Revised March 3, 2021 Expiration Date: 9/30/2021 Expiration Date: 9/30/2021. Check One: Sole proprietor Partnership C-Corp S-Corp LLC Independent contractor ( Self-employed individual.

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  7. www.fundera.com › business-loans › guidesSBA PPP Loans for Independent Contractors and Self-Employed ...

    Jun 1, 2021 · Self-employed workers and independent contractors will apply for a PPP loan the way other small businesses do: by finding an SBA-accredited lender accepting PPP applications. The SBA has a lookup tool for finding SBA-accredited banks that are involved in the PPP loan process by zip code.

  8. www.cnbc.com › 2021/03/05 › self-employed-gigSelf-employed and gig workers can now apply for PPP loans ...

    Mar 5, 2021 · The updated PPP applications for self-employed workers and sole proprietors who file IRS Form 1040 Schedule C now asks for the total amount of gross income, found on line 7 of the tax form ...

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