PPP 2: Documents Needed [Self Employed, 1099, Small Business, & Non-Profit]

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Paycheck protection round 2 application is now on the SBA site. Let’s cover the new PPP application, how to qualify for the second PPP, How to apply for PPP 2, How to apply for PPP 1, and documents needed for PPP loan.

How to apply PPP independent contractor
How to apply PPP sole proprietor
How to apply PPP LLC
How to apply PPP non profit
How to apply PPP for a church
How to apply PPP corporation
How to apply PPP partnership

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PPP News
Congress has approved $284 billion for another round of PPP loans. PPP loans are forgivable loans meant to go to small businesses to keep their employees hired.

In order to get a PPP loan forgiven.. Meaning the ability to have to loan balance wiped out without having to pay it back you have to spend it on specific items.

Applicable expenses are:
Gross salary, wages, tips, and commissions to employees or yourself if you’re self employed
Paid Leave (any paid leave that isn’t covered by the Families First Coronavirus Response Act)
Employee Benefits Costs
Interest Expenses
Utility Expenses
And Rent or Mortgage Expenses
Supplies from Vendors
Protective Equipment
Property Damage Due to Public Disturbances

If you received a loan the first round you may be able to dip again this second round if you hit a few criteria.

Show a 25% reduction in revenue
Your company can not have over 300 employees..
Your business must have already spent the first round or must plan to use it.

PPP 2 start date
PPP 2 application link
When can I get PPP round 2?
Is PPP 2 available?
How to apply PPP round 2?
How to apply for the first PPP
First PPP application

0:00 What this video covers
1:08 General details PPP round 2
1:36 How to Apply Online for PPP 2
4:10 Documents needed: PPP 2 for partnerships
6:09 Documents needed: PPP 2 for corporations, s-corp, & c-corp LLC
8:10 Documents needed: PPP 2 for non-profits, charities, & churches
10:10 Documents needed: PPP 2 for sole proprietors, contractors, and single member LLCs with employees
13:05 Documents needed: PPP 2 for contractors, 1099, and single member LLCs with no employees
16:10 Live Stream news (I am doing a live Q&A with Bill Briggs the leader of the PPP at the SBA)
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