Applications For Contractor & Freelancer PPP Loans Are Open: 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 deferment. As an independent specialist or freelancer, you will require to collect the necessary paperwork required to get your loan moving. The loan requires your returns for processing and computing your loan amount. As a next resource, examine out the SBA Preferred Lending Partners. Links to use for PPP Loans are readily available on their website.

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