There are several ways to apply outside of hiring your accountant - the best is to check with your financial institution to see if applications are available.
First, check if there is an online portal to apply - Bluevine, Chase, and major lenders are now showing borrowers an easier online filled application. You can start applying at 8 weeks after the disbursement or 24 weeks (whenever the funds are spent).
What are covered payroll costs?
| S-Corps and companies with staff | Payroll is wages and state tax (such as unemployment). |
| Sole Proprietor (or schedule C filers) | This is based on your net or gross income |
Have you used your PPP loan? Check that you have an available application for forgiveness and add up your payroll costs. For self employed individuals, this may mean having your correct bookkeeping for gross income. This goes on form 3508S as the loan and forgiveness amount.