Quick Bites:
- The Paycheck Protection Program is having difficulties during roll out.
- There is a form from the SBA that determines eligibility.
- Each Lender has their internal eligibility requirements that may be more strict than SBA requirements.
- 1099 contractors you pay are NOT eligible for your loan.
- Persons paid via 1099-misc are required to file for their own PPP loan.
- Exact rules regulations are still in flux.