PPP and Self Employed Owner - Spidell

PPP and Self Employed Owner

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Message Board PPP and Self Employed Owner

  • This topic has 2 replies, 3 voices, and was last updated 2 weeks, 2 days ago by William Dewberry.
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    • #261328
      Joe Winchell
      Participant

      Self-employed owner, no employees, applied for and received funding for a PPP loan.  During this time she was also receiving unemployment compensation.  Given the original 8 week period she would have needed to return the PPP funds.  Now with the 24 week period can she use the PPP funding to pay herself after the unemployment runs out in September or October, still before the end of the 24 week period.

    • #261395
      Sandy Weiner
      Participant

      I believe so.

    • #261522
      William Dewberry
      Participant

      In theory, not able to receive both, so If a sch owner receives PPP funding, ineligible for unemployment.
      Can recive 1 of their choice, but not both.

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