DON'T GO AT IT SOLO: Revisions to PPP Loan Amount Calculations

Massachusetts District Office - March 2021

u s small business administration

DON'T GO AT IT SOLO: Revisions to PPP Loan Amount Calculations

Important training opportunity for Schedule C filers – Sole Proprietorships, Independent Contractors, Self employed and Single Member LLC’s.  

Webinar Series: Paycheck Protection Program


REGISTER HERE

SIGN UP FOR EITHER OF THE TWO SESSIONS THIS WEEK:

1. Tuesday, March 9th at 10:00 AM to 11:30 AM

2. Thursday, March 11th at 5:00 PM to 6:30 PM


We will be discussing the new PPP interim final rule on revisions to loan amount calculation for filers of IRS Form 1040 Schedule C, available here.

Please also see the following updated PPP borrower and lender application forms: 2483; 2483-SD; 2483-C; 2483-SD-C; 2484; 2484-SD

This training session is applicable for Schedule C filers – Sole Proprietorships, Independent Contractors, Self Employed, Single Member LLC’s.

These changes potentially make more small businesses eligible for PPP loans and for higher loan amounts than previous rules allowed.  The changes are not retroactive; we will be covering how to apply, eligibility, loan amounts and more.

Frequently Asked Questions for Lenders and Borrowers (updated 03-03-21)