![]() A full step-by-step guide is available below for both first and second time PPP applications, including how to make your loan forgivable, how to find a lender and answers to common questions! Introduction The PPP (Paycheck Protection Program) application deadline has been extended to May 31st, 2021.įriend of the Union and Family Home Child Care Tax Expert, Tom Copeland, strongly encourages all childcare providers to apply for this program! ( Including both licensed and exempt providers-also known as ‘Family, Friend and Neighbor” providers).Īlmost all (95%) PPP loans in our country are being completely forgiven (meaning you do not need to pay them back) as long as you are sure to spend the money correctly and apply for forgiveness. IF you are visiting the page without having attended a workshop with us, we recommend you begin by watching out 33 minute webinar recording and then reviewing the full page below. What Type of Business is it? (answer: Professional) What Does Your Business Do? (answer: Service Business) Who Is Your Customer Base? (answer: B2C) (stands for Business to Consumer instead of Business to business) Recommended format for entering a number-> 2000.00Īnswers to tricky questions from Lendistry Initial Application: Review Lendistry's application step by step guide: įor most of you applying as sole proprietors and using a Schedule C, THIS is the form you'll want to use "2084-C"ĭo not use commas when entering numbers. You'll YOU’LL NEED TO SCROLL DOWN A WAYS ON THE PAGE TO find “START YOUR APPLICATION" (in purple) According to the SBA, “CDFIs work to expand economic opportunity in low-income communities by providing access to financial products and services for local residents and businesses.” For this reason, we are now mentioning that Lendistry is a lender that is still accepting applications and servicing CDFI’s-the businesses which are still eligible for the small amount of remaining funds. Most childcare providers can still qualify as a Community Development Financial Institution (CDFI). The Good News: $6 billion is set available for " Community Development Financial Institutions" (CDFIs). It's possible that our government will add more funds to the PPP, but for now many lenders have stopped accepting applications. UPDATE: MAY 5TH! The Bad News: It was announced today that the Paycheck Protection Program (PPP) has run out of funding. (Click here to read this page in Spanish). Haga clic aquí para leer este página en español.
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