This article now contains the latest PPP loan forgiveness updates from the Small Business Administration (SBA) and Treasury Department, released on January 19, 2021. The latest changes apply to loans of $150,000 or less and for loans up to $50,000—the maximum loan amount for most sole proprietors, independent contractors, and self-employed ;· 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 …Which loan forgiveness application should sole proprietors, independent contractors, or self-employed individuals with no employees complete? Answer: Sole proprietors, independent contractors, and self-employed individuals who had no employees at the time of the PPP loan application and did not include any10/8/2020 · WASHINGTON—The Small Business Administration, in consultation with the Treasury Department, today released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while …10/6/2020 · For sole proprietors or independent contractors with no employees, the maximum possible PPP loan is therefore $20,833, and the entire amount is automatically eligible for forgiveness as owner compensation To Apply For A PPP Loan if You're Self-Employed | NavHow To Apply For A PPP Loan if You're Self-Employed | NavHow PPP Loan Forgiveness Works for the Self-Employed How PPP Loan Forgiveness Works for the Self-Employed

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