Paycheck Protection Program (PPP) Loan Guide For Sole Proprietors [Updated For PPP2]

Paycheck Protection Program (PPP) Loan Guide For Sole Proprietors [Updated For PPP2]

: The SBA has stopped accepting PPP applications due to lack of funds. The SBA will continue to fund outstanding applications that have been already approved.

Explore your other loan options with our top ten lenders or visit the lending marketplace Lendio to get matched with the best offers for your business.

The SBA has announced changes to the PPP, including a revised funding formula for sole proprietors, independent contractors, and the self-employed. We will update this article when the SBA releases further guidance on the new rules.

The latest COVID-related stimulus bill was signed into law on (PPP) and Economic Injury Disaster Loan (EIDL) programs are expected to return in . Learn more about the new legislation in our article, Congress Passes New PPP Legislation, Targeted EIDL Program. (more…)

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