New PPP Rules Benefit Self-Employed Individuals
By EsqSocial Corporation 25/03/21
Last year, self-employed individuals who conducted their business without any employees could qualify for a Paycheck Protection Program (PPP) loan in an amount equal to approximately 20.8% (2.5 months divided by 12 months) of their 2019 annual net earnings from self-employment not to exceed $100,000, or no greater than $20,833 (20.8% of $100,000 capped)......
By: McCarter & English, LLP