Can I Use the PPP Loan to Pay Myself? A Comprehensive Guide for Self-Employed Individuals
Paycheck Protection Program (PPP): This program provides business owners with forgivable loans that are primarily used for payroll maintenance. Small business owners, however, are often confused about how their own payments, such as the owner’s draw or distributions, may affect their eligibility for PPP. Here’s the issue. Many business owners don’t pay themselves through formal … Read more