Self-Employed See Benefits of New PPP Loan Rules

Sole proprietors, self-employed, and gig workers can apply for more PPP money than was allowed under the program in the past. New rules released by the U.S. Small Business Administration on March 3 use gross income as the base calculation when determining the amount a solopreneur can access. Previous rules used net income, which often resulted in just a few hundred dollars of PPP loan eligibility for self-employed workers.

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