Tag: Paycheck Protection Program

Economic Development Collaborative (EDC) — Paycheck Protection Program application for Sole Proprietors deadline is March 31

Self-employed, business owners with no employees, contractors, free lancers, gig economy workers and sole proprietors-
Did you know you are eligible for PPP?

Sole proprietors qualify for the Paycheck Protection Program under the concept of “owner compensation replacement.” Even if you do not have employees or do not make a payroll, you may be eligible to apply for this economic relief loan. Common examples of sole proprietors include, but are not limited to, owners or operators of in-home daycare facilities, web designers, consultants and artisan chefs.

EDC — Paycheck Protection Program Reopens 4/27

The SBA will resume accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 7:30 AM.

If you are seeking additional capital through the Paycheck Protection Program, we highly encourage you to review our Federal Funding Preparation Guide in advance of any application you may submit.