Howdy Business-Preneurs,
It is now time to get in cue as a self-employed or 1099 contractor worker and get your share of forgivable PPP funds.
The rules are not much different then the companies but I have attached information direct from treasury.gov for you to review and highlighted al information that is relevant to just the self-employed or 1099 contractor.
High-Lights:
– You MUST attest that you are not able to earn your usual or normal income
– You MUST provide a 1099 misc or all 1099 misc from 2019
– You MUST apply by June 30th, 2020
– Most banks are only working with existing clients so start with your bank.
– You may need to provide the most recent tax return
– You may need to provide a profit and loss statement
– All monies are first come first served and the banks are already backlogged so be prepared to wait! And be kind and patient with the bankers. They are working hard to get these things that they just learned about one week ago, working to help you!
Please review the attachment -PPP Fact Sheet for more details. The PPP Application is also attached although some banks will make you use their online version or docusign.
DO ALL OF YOUR WORK BEFORE GOING TO APPLY SO YOU HAVE EVERYTHING YOU NEED TO PROCEED!!!
Please share this with anyone that you know will benefit from this. FACT CHECK! Don’t listen to your broke friends on why the system sucks and won’t help!
Attached is what you need to know.
Let me know if there is anyone that I can assist with this process. It is not too complicated but can be a little confusing in areas.
Get busy and get your funding!
Be safe and be well!
David