Here is a summary of articles should you want to dig further to the system:
So how exactly does a completely independent Contractor for Uber consumes, Lyft, Grubhub, Doordash, Postmates, etc. submit an application for the SBA Paycheck Protection Program (PPP) Loan?
It is possible to apply through any SBA authorized lender. For those who have a beneficial relationship along with your bank, it is advisable to begin with them.
If you’re hunting for a good destination to use, Womply (who assembled all the information and knowledge I in the list above) functions as a facilitator placing one-man shop people along with SBA authorized loan providers. Check out things you need to make certain you have actually in an effort to be able to use.
1. Be sure you’re qualified.
There are particular requirements you must satisfy to qualify. (Note: criteria may change for the renewed financing available as of 2020 december)
- You must have been running as being a contractor ahead of February 15, 2020. I will keep in mind that theoretically, in the event that you started contracting between January 1 and February 15 with this year, you could qualify. Nevertheless, in light of this SBA’s guidance you may not be able to gain approval based on a lack of documentation that they will not accept January/February numbers for self employed individuals when calculating the loan amount.