SBA’s Paycheck Protection Program Opens for Independent Contractors, Self-Employed Workers Friday
Beginning tomorrow, Friday, April 10, independent contractors and sole proprietors can apply for $349 billion in Paycheck Protection Program forgivable loans through the U.S. Small Business Administration. The application period for small businesses already opened on April 3 to help them keep their workers on the payroll. The program is awarding loans on a first come, first serve basis with funding caps in place. Michigan businesses are encouraged to apply early and to visit MIPaycheckProtection.com for updates on the application process.