Nick MacDonald
Level 3
04-28-2020
01:45 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Are you talking about the PPP (Payroll Protection Program)?
Yes, a self-employed business owner is eligible. In general, the loan qualification is based on 2019 Schedule C profit on Line 31. Other rules may apply if it is a new business. Check for Q&A documentation for Independent contractors and self-employed individuals on SBA.gov.
Also, apply fast at a local bank, smaller community banks are best. The funds won't last long.