You might have found that getting the PPP second draw loan was easier than you thought. The government wanted to get stimulus money to as many people as possible. They simplified the process, and then some FinTech companies like Womply and Blue Acorn made it even easier. But now it’s time to apply for PPP …
It seems like PPP loan fraud is blowing up lately. Recently, Womply sent out an email to many borrowers and loan applicants on April 30 to respond to the problem. In the email they stated they have received requests and subpoenas “from law enforcement, including the FBI, SBA, DOJ, and other agencies.” They also said …
You’re self employed. Youreceived your Paycheck Protection Program funding. Now what? You hear that you can get in trouble for using your money wrong. People are being thrown in jail for PPP loan fraud. Did you bite off more than you can chew? How do you stay out of trouble? More importantly, how do you …
Am I the only one disturbed by what’s going on with how some PPP lenders and agents are handling the Paycheck Protection Program? Especially in how they’re approaching it with gig workers and self-employed independent contractors? We’re getting close to the PPP deadline (May 31, 2021). On April 13th, I received an email from a …
If you have been in business since before February 15, 2020 as a self employed person, you may qualify for paycheck protection forgivable loans. Whether delivering for gig companies like Uber Eats, Doordash, Grubhub, and Instacart, doing rideshare like Uber and Lyft, earning money as a digital entrepreneur like bloggers, podcasters and other content creators, …
The Paycheck Protection Program application can be overwhelming and confusing for an independent contractor with gig economy apps like Doordash, Uber Eats, Instacart, Grubhub, Lyft and others. Womply has created a fast, easy way to apply for PPP funding as a self employed contractor. We’ll take a look at the Fast Lane application and how …
The Biden Administration released new rules for the Paycheck Protection Program. Those rules offer greater relief especially for gig economy contractors such as Doordash, Uber Eats, Grubhub, Instacart, Lyft and others. However, there’s not much time for contractors to take advantage of these new rules. However, The current version of the PPP is set to …
Don’t be one of the vast majority of gig workers who fail to get funded through the PPP because they didn’t do things right. I’ve seen numbers reporting less than five percent of independent contractors were getting funds through the Paycheck Protection Program. Were they being discriminated against? Are independent contractors for gigs like Doordash, …
The Paycheck Protection Program (PPP) is back. Independent contractors may qualify for forgivable loans. Under special circumstances, you may be able to take a second loan even if you received on earlier in 2020. The Consolidated Appropriations Act of 2020 (signed December 27) included some economic stimulus measures for pandemic relief. Part of that package …
On December 22, 2020, the Senate passed stimulus legislation that included additional Paycheck Protection Program funding and relief for small businesses including self employed contractors. As they did in the original Paycheck Protection Program, Gig Economy contractors with platforms like Doordash, Uber Eats, Grubhub, Instacart, Lyft, Postmates and others do qualify for the PPP loans. …
You may be wondering, as an independent contractor with gig economy delivery apps like Grubhub, Doordash, Postmates, Uber Eats, Instacart, Shipt, and so on, why was I denied pandemic relief such as the EIDL or PPP? Isn’t the independent contractor supposed to be eligible for these programs? Yes, you do qualify. Many independent contractors and …
You applied for and received the SBA Paycheck Protection Program (PPP) loan through your bank or another financial institute. If you are like me, you see all the stuff about tracking payroll. That makes you wonder, what records do I need to keep? What happens now? Will you have to pay it back? It seems …
I wanted to share my experience applying for a Paycheck Protection Program SBA Loan as an independent contractor for gig economy apps including Grubhub, Doordash, Postmates and Uber Eats. I wrote last week about whether self employed independent contractors in the gig economy can qualify for the PPP loans. The bottom line is, yes, self …
Do Independent Contractors for Grubhub, Doordash ,Uber Eats, Lyft, Postmates, etc. Qualify for the Paycheck Protection Program (PPP) SBA Loans? It’s not often you think of SBA Loans as an independent contractor for gig economy apps like Grubhub, Doordash, Uber Eats, Postmates, Lyft and others. The Coronavirus has changed everything, hasn’t it? You can include …