can u start a business with a ppp loan

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People also ask


  • Are PPP loans available for small businesses?

  • PPP loans aren’t just for businesses with dozens of employees. The loans are also available to sole proprietors, independent contractors, and self-employed persons. PPP loans are available to small businesses through May 31, 2021.

  • Who can qualify for PPP loans?

  • Any small business that meets SBA size standards can qualify. Whether you have employees or not, you might be eligible for PPP funds to help you through. You don鈥檛 have to have an LLC designation or a registered business to qualify for PPP loans. Sole proprietors, freelancers, and independent contractors can apply for PPP funding.

  • How do I apply for a PPP loan?

  • 1. Get matched with a lender On the U.S. Small Business Administration (SBA) website, you’ll find two links. One helps you find lenders in your area offering PPP loans, and another matches you with a lender.

  • Do you need an LLC to qualify for PPP loans?

  • You don鈥檛 have to have an LLC designation or a registered business to qualify for PPP loans. Sole proprietors, freelancers, and independent contractors can apply for PPP funding.

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