Understanding New PPP Rules Benefiting Sole Proprietors

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On a recent episode of Real Estate News for Investors, Kathy Fettke reminds listeners that the deadline to sign up for the Paycheck Protection Program is June 30th and that there are some important recent changes that benefit independent contractors and sole proprietors.  These changes include more lenient requirements for how you spend the money, an easier process for loan forgiveness, and a longer period of forbearance.  They were part of “The Paycheck Protection Flexibility Act of 2020,” which President Trump signed into law on June 5th.

“…If you think you need financial help because of the pandemic and you qualify for this program, you should get your application in before the end of the month.”  Kathy Fettke

Click here to read the transcript at RealWealthNetwork.com.

 

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Director of Education & Outreach, National Real Estate Investors Association

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