Payroll Protection Program Increases Eligibility

Authors

Marilyn Schlake, University of Nebraska-LincolnFollow
Austin Duerfeldt, University of Nebraska-LincolnFollow

Date of this Version

2-10-2021

Citation

Cornhusker Economics, February 10, 2021

https://agecon.unl.edu/cornhuskereconomics

Comments

Copyright 2021 University of Nebraska.

Abstract

As the COVID-19 pandemic continues to impact business-es across the country, the Small Business Administration (SBA) has issued new guidelines for the Payroll Protection Program (PPP) in 2021. These guidelines increase the eligibility rules for self-employed, sole proprietors and 1099 workers, including agricultural producers, that allow them to apply and access the PPP Loan funds.