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People also ask
Can Uber drivers get a PPP loan through Womply?
Senior RSG contributor-at-large Jay Cradeur is back with new information about how gig workers (Uber, Lyft drivers, DoorDash and Instacart couriers and more) can qualify and apply for the Paycheck Protection Program (PPP) loan through Womply.
What can I use my PPP loan on?
Here鈥檚 what you can use your PPP loan on ( note: most gig workers will use it on payroll!) Previously, drivers and other gig workers wouldn鈥檛 qualify for as much. Now, your PPP loan is based on revenue 鈥?which means many drivers and gig workers will qualify for a bigger loan!
Do drivers and gig workers qualify for PPP loans?
Previously, drivers and other gig workers wouldn鈥檛 qualify for as much. Now, your PPP loan is based on revenue 鈥?which means many drivers and gig workers will qualify for a bigger loan! PPP loans are not like other loans 鈥?it鈥檚 100% forgivable as long as you use it for certain, specific needs. One of those needs? Payroll to pay yourself.
Who benefits from the new PPP rules?
These changes probably benefit gig economy contractors more than any other type of business owner. More gig workers with Doordash, Uber Eats, Instacart, Lyft, Grubhub etc are eligible now for the PPP under the latest rules. In the past, if you had student loan issues, that might have prevented you from receiving this aid.