New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees
From February 24th to March 9th, the Small Business Administration will accept applications for PPP loans for sole proprietors and businesses with fewer than 20 employees.
The move is meant to make it easier for businesses with few or no employees - sole proprietors, independent contractors, and self-employed people such as house cleaners and personal care providers - to apply that previously could not qualify due to business cost deductions.
In addition to the 2-week application period:
- $1 Billion will be set aside for low to moderate income areas, where businesses are mostly owned by women and people of color.
- Legal residents who are non citizens will not be excluded from the program.
- Will eliminate exclusions that prohibit a business owner who is delinquent on their student loans from applying to the program.
Please visit the SBA website for requirements, bank locations and further information.
GREENE FORENSIC ACCOUNTING SOLUTIONS LLP
Greene LLP is a wide spectrum accounting firm with offices in Chicago and the Las Vegas areas, which allow us to provide our clients with nationwide services. Comprised of specialists in tax accounting, litigation support, damage analysis, financial examination, forensic accounting, computer forensics, health care and real estate, the firm is regularly engaged by major…
ICI STAFFING
Since 1980, ICI Staffing has assisted Chicago’s most respected firms (more than 1,200 served throughout our history) to recruit high-quality, motivated individuals across a spectrum of specialties for placement in entry-level to mid-management office positions. Our dedicated team of recruiting professionals undergoes extensive training that allows them to intuitively understand the complex and changing needs…
INLAND BANK
WE’RE IN IT WITH YOU Those are powerful words coming from the people you know and trust. The people who’ve earned your respect and believe in you. With that as our measuring stick, at Inland Bank we’re in it with you too. It is in the way we listen, the way we ask questions and…
