Applications For Contractor & Freelancer PPP Loans Are Open: Here’s What The Self-Employed Should Know

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The PPP loans are topped at a 4% interest rate (however will start extensively 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 professional or freelancer, you will need to collect the needed paperwork 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 (however will begin extensively 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 specialist or freelancer, you will need to collect the essential paperwork needed to get your loan moving. The loan needs your returns for processing and determining your loan amount. As a next resource, inspect out the SBA Preferred Lending Partners. Hyperlinks to apply for PPP Loans are available on their site.

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