Ask Terry Questions PPP and unemployment

PPP and unemployment

By Terry Savage on May 16, 2020 | Wild Card

My son is a sole proprietor and received a PPP loan. However, he still won’t be able to work after 8 weeks when the PPP is depleted. Can he then apply for unemployment?

Terry Says

Yes, but he should consider whether he gets greater benefits from the PPP loan than unemployment + $600/week till July 25th. The PPP loan might not be worth the hassle!

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