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PPP Loan Update

8051 Views 78 Replies 17 Participants Last post by  AllenChicago
So April 10th is here and it's the turn for independent contractors to apply.

Unfortunately, almost every bank requires a business relationship or previous loan activity. I have Chase and I cannot apply without a business bank account.

I found a bank that it appears will accept applications without you being a previous customer or having a business account! Best of luck to all of us.

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I went to most of those links. Thank you so much!

The best application by far is Veem: https://www.veem.com/sba-ppp/ It lets you enter SS# instead of EIN# and you are actually uploading the three financial documents required: bank statements, payroll calculator, and tax document. I just uploaded my Uber monthly reports. But I actually feel like they have all the information I could give them. It feels promising. I would try Veem everyone. For "payroll" just put your actual profits and be safe about it. It would still be a big check. Again Chris, thanks for the link. Fingers crossed here.

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I'm following your advice and applying through Veem. What did you submit for the IRS Form 941? I only received your typical 1044, schedule C's etc.. I'm stuck on what do upload to upload for IRS Form 941.
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