Even if your “workforce” consists of you and your dog, you can still get a Paycheck Protection Program loan.
In fact, the rules have recently changed to make these funds even more accessible for you. So listen up, solo entrepreneurs, freelancers, self-employed people, “1099 contractors” and sole proprietors, here’s what you need to know.
The White House issued new rules last month that prioritized PPP funds for very small (fewer than 20 employee) businesses from Small Business Administration lenders. That period ends this Wednesday. But don’t be too concerned. As of this writing, almost half of the available PPP funds from December’s stimulus have yet to be spent.