☐ The Borrower is a self-employed individual, independent contractor, or sole proprietor who had no employees at the time PPP Loan Forgiveness Application Form 3508EZ SBA Form 3508EZ (06/20) Payroll: Alternative Payroll Covered ;· We created a comprehensive, comprehensible guide all about PPP loan forgiveness for the self-employed, sole proprietors, and independent contractors. This is everything we know based on information directly from the SBA and the 19th Interim Final Rule (IFR) filed on June 19th, SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) ;· The unpublished version of the update ensures full forgiveness for self-employed, freelancers and independent contractors who took the maximum loan amount based on times their 2019 monthly article now contains the latest PPP loan forgiveness updates from the Small Business Administration (SBA) and Treasury Department, released on October 8, 2020. The latest changes apply to loans of $50,000 or less—the maximum loan amount for most sole proprietors, independent contractors, and self-employed workers face an uphill battle on PPP loan PPP Loan Forgiveness Application Form 3508EZ Instructions How PPP Loan Forgiveness Works for the Self-Employed PPP Loans for 1099 Independent Contractors6/29/2020 · Do not submit this Checklist with your SBA Form 3508EZ. ☐ The Borrower is a self-employed individual, independent contractor, or sole proprietor who had no employees at the time of the PPP loan application and did not include any employee salaries in the computation of average monthly payroll in the Borrower Application Form (SBA Form 2483).5/22/2020 · Treasury and the Small Business Administration have released an application for loan forgiveness under the Paycheck Protection Program. Independent contractors and self-employed …4/14/2020 · Proceeds from any advance up to $10,000 on the EIDL loan will be deducted from the loan forgiveness amount on the PPP loan. [9] The Treasury and SBA felt the need to justify limiting some expenditures to those incurred in 2019 in the case of the self-employed and using 2019 as the sole period for measuring the maximum loan amount:5/18/2020 · PPP Loan Forgiveness Application Guidance For The Self-Employed, Freelancers And Contractors Brian Thompson Senior Contributor Opinions expressed by …

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