Applications For Contractor & Freelancer PPP Loans Begin On Friday: Here’s What The Self-Employed Should Know

thumbnail

The PPP loans are topped at a 4% interest rate (but will start commonly with a half-percent interest rate) and have a 10-year loan term with no prepayment charge, and a 6-month payment deferment. As an independent contractor or freelancer, you will require to collect the needed paperwork required to get your loan moving. The loan needs your returns for processing and determining your loan amount. As a next resource, check out the SBA Preferred Lending Partners. Links to apply for PPP Loans are offered on their site.

The PPP loans are topped at a 4% interest rate (but will start commonly with a half-percent interest rate) and have a 10-year loan term with no prepayment charge, and a 6-month payment deferral. As an independent professional or freelancer, you will require to gather the required documentation required to get your loan moving. Links to use for PPP Loans are available on their website.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top