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 (however will start widely 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 essential paperwork required to get your loan moving. The loan needs your returns for processing and computing your loan quantity. As a next resource, check out the SBA Preferred Lending Partners. Links to apply for PPP Loans are available on their site.

The PPP loans are capped at a 4% interest rate (but will start widely 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 need to gather the required paperwork required to get your loan moving. Links to use for PPP Loans are available on their site.

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