3/7/2023 0 Comments Womply ppp fastlane loginAnd that enough self-employed workers can take quickly advantage of the exclusive period from today until March 10 th. So, let’s work together to make sure that March 31 st isn’t the end of the road for small firms seeking PPP support. To best support small firms and solopreneurs – gig workers – the lot, we need more time. With all the confusion on guidance, it’s doesn’t really leave a lot of time for lenders to respond and to actually be able to serve the loan requests before the expiration of this March period. We’re preparing to be part of a bigger coalition of firms – and we are so pleased that MBO’s founder Gene Zaino and your advocacy team will also be a part – that will speak openly to the US administration to ask them to allow applicants to have more time to access funds that are being earmarked for small and solo firms. What are your future plans in terms of advocating for independents and how can MBO help? If you understand these changes and your application is prepared with them in mind, once the lenders get official approval from the administration – they will be able to move on applications in queue. Now, we’re being told that loan applicants and lenders can use the Gross Income or Line 7 instead.For example, an Uber drive might be depreciating a car and have a very low number in Line 31. This hurt small firms who might be depreciating assets and reduced their opportunity. The change is that traditionally lenders were asked to use Line 31 in the 1040, which is the net profit line.
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