Get the up-to-date independent contractor ppp loan 2025 now

Get Form
loan for independent contractor Preview on Page 1

Here's how it works

01. Edit your loan for independent contractor online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send loans for independent contractors with bad credit via email, link, or fax. You can also download it, export it or print it out.

The best way to modify Independent contractor ppp loan in PDF format online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

Adjusting paperwork with our comprehensive and user-friendly PDF editor is straightforward. Adhere to the instructions below to fill out Independent contractor ppp loan online quickly and easily:

  1. Sign in to your account. Log in with your credentials or create a free account to test the product before choosing the subscription.
  2. Import a form. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
  3. Edit Independent contractor ppp loan. Easily add and underline text, insert pictures, checkmarks, and icons, drop new fillable areas, and rearrange or delete pages from your paperwork.
  4. Get the Independent contractor ppp loan accomplished. Download your modified document, export it to the cloud, print it from the editor, or share it with other people using a Shareable link or as an email attachment.

Benefit from DocHub, one of the most easy-to-use editors to rapidly handle your paperwork online!

See more independent contractor ppp loan versions

We've got more versions of the independent contractor ppp loan form. Select the right independent contractor ppp loan version from the list and start editing it straight away!
Versions Form popularity Fillable & printable
2013 4.8 Satisfied (245 Votes)
be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
Businesses may request a loan up to 2.5 times their average monthly payroll. However, as an independent contractor or self-employed person, payroll calculations will not apply as you have no employees. Instead, your loan amount will need to be determined using your 1040 tax form.
Yes, independent contractors are eligible for SBA loans. Under the SBAs definition, small businesses qualify as long as they dont exceed a specific revenue limit or number of employees. The limit varies by industry anywhere from 100 to 1,250.
The paycheck protection program provides financing options for: Sole proprietors that report income on a Schedule C and pay taxes on a personal tax return. Independent contractors who use 1099-MISC forms. Gig economy workerssuch as those who work through Uber, Lyft, TaskRabbit, , and other similar platforms.
No, 1099 employees should not be included in a small businesss payroll calculations for their PPP loans. 1099 employees are considered their own businesses under the PPP. As of April 10, 2020, 1099 employees are eligible to apply for their own PPP loan.
Yes, you can use your PPP loan for payroll-related expenses, including paying yourself. To qualify for loan forgiveness, individual payroll amounts cannot exceed the calculation limits, meaning you can pay yourself a maximum of $8,333/month ($100,000/year) to be eligible for forgiveness.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

Independent contractors can access various types of personal loans, including unsecured personal loans, secured loans (using collateral like assets or savings), personal lines of credit, and peer-to-peer loans.
The PPP limits compensation to an annualized salary of $100,000. For sole proprietors or independent contractors with no employees, the maximum possible PPP loan is therefore $20,833, and the entire amount is automatically eligible for forgiveness as owner compensation share.

government ppp loan for self employed