Independent Contractor PPP forgiveness documentation
Are you aware of the documentation required to provide post-PPP loan for it to be forgiven? I would use $ to pay myself and pay my monthly healthcare premiums. I don’t cut myself a payroll check which is why i don’t know how to document this. Thank you.
Terry Says
You should talk to your banker about this. You may find you’re better off getting unemployment benefits — the state benefit plus the $600/week Fed benefit until July 25th. The details of these PPP loans and documentation required to turn them into a “grant” and not a loan can be quite complicated, and depend on your business model and how you use the money.
