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April 24, 2020 by Mehnaz Haq 0 Comments

A Guide to The SBA Loan Programs for Statuatory W2 Employees and Independent Contractors

If you receive wages as a so-called “statutory” W2 employee or otherwise as an independent contractor, you are eligible for both the Paycheck Protection Program (PPP) loans and its loan forgiveness program, and also the SBA’s Economic Injury Disaster Loan (EIDL) program, specifically for losses of income or disruption of operations related to the COVID pandemic.