Self-employed and 1099 contractors can qualify to receive funds via the Paycheck Protection Program. BlueAcorn has partnered with non-profit community banks to offer forgivable PPP loans to small business and the self employed. This offer is only available until funds run out then it ends.
How to Apply at BlueQuizPPP
If you are interested in getting started the first step is to take a quiz to see if you qualify, follow the steps below:
- Visit www.bluequizppp.com
Click which situation describes you from the following list on the site:
- Independent Contractor – receive a 1099
- Sole Proprietor
Continue with the rest of of the quiz answering questions which detail around your wages and other personal info for previous tax years.
At the end submit your email address and be prepared for someone to call you
60 second quiz that has been created to determine if you qualify for a loan and how much you can receive
Take the quiz
Apply over your phone or laptop which takes about 5 to 10 minutes
get approved in 1 day
Get funded within 5 to 7 days
Documents that are needed can be uploaded via your smartphone by taking a pic
Receive 2.5 months of earnings from the SBA and it be completely forgiven
Loans have none of the following:
- no fees
- no costs to apply
- no credit check
- no background check
- no personal guarantee
- no collateral
PPP Loan Stipulations
As long as you were getting paid before Feb 15, 2020 you can qualify
No need for the following:
- Registered company
- 100% forgivable if spent on wages, utilities, benefits
What is the Paycheck Protection Program
The Paycheck Protection Program has been a major part of stimulus packages released from the federal government since 2020. It gives money to businesses to help them cope with the Covid pandemic.
PPP loans help to keep people working and businesses in operation, this also includes the self-employed.
During the first stimulus most self-employed people didn’t realize they qualified as big banks took advantage of the stimulus money before the smaller businesses and others could access it.
The 2nd wave of the stimulus program has more in stake for smaller businesses and small forgivable loans