Clearness for notice-working borrowers
Once far dilemma, these days it is clear you to mind-working individuals who have zero personnel, hence not any payroll costs, is qualify for PPP financing forgiveness by just investing by themselves thus-entitled proprietor settlement replacement. The total amount which can be forgiven lies in their 2019 websites care about-employment money and will be up to one hundred% of your own loan amount.
Advice: It will be easier to illustrate that you paid off on your own owner payment replacement for for many who care for another type of company bank account to collect your business earnings and you will disburse they for the private family savings.