In Order to be eligible for the ppp an application must be a small business, Sole Prop righter, independent, self employed
The amount od the PPP is based on the applicant's payroll costs.
An Application apples for a ppp loan direcrely with an eligible private lender such as a federally insured bank
A federally credit union farm credit system institution, or a small business administration approved lender
You can borrow up to 2.5x monthly payroll with a @2 million limit.
Ordinarily, loan forgiveness is considered taxable income, but forgiveness of a ppp loan is a not considered taxable income
The government will forgive 100% of your ppp loan if you meet the requirement .
You are eligible if your business has then 299 employees and if you have a 25% dro in revenue last year.
PPP Loans for musicians 2022