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

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The PPP loans are capped 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 contractor or freelancer, you will require to gather the necessary documents needed to get your loan moving. Hyperlinks to apply for PPP Loans are readily available on their site.

The PPP loans are capped at a 4% interest rate (but will begin extensively with a half-percent interest rate) and have a 10-year loan term with no prepayment penalty, and a 6-month payment deferral. As an independent specialist or freelancer, you will require to gather the necessary documents needed to get your loan moving. The loan needs your returns for processing and calculating your loan amount. As a next resource, inspect out the SBA Preferred Lending Partners. Hyperlinks to apply for PPP Loans are readily available on their website.

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