Early yesterday morning the SBA released guidance that Sch C filers will use their Gross Profit as the basis for their PPP loans starting today! However, it is unclear how many lenders are ready for this change. Given the short window to apply, everyone that has been waiting should probably apply now. The Application Forms are linked below.
First Draw app
Second Draw app
We will be going over all this on our weekly webinars
- Wednesday: COVID Funding Options
- Thursday: PPP Forgiveness
Register at: https://pcrsbdc.org/workshops/