This Section is one of five sections, labeled Section A to Section E, that have been created to assist you in completing the initial PPP application on this site. Please use the navigation buttons at the bottom. If you need to update an existing application, or check your status, please click on the green button at the bottom of the Update / Status menu tab at the top.
Please do not start multiple applications - it delays the process!
Section D-2 – Application Details: Self-Employed
The primary differences between applicants with employees (Section D-1) and self-employed are:
- There are no employer forms to submit (941, 940, etc.), and
- The SBA has specified that the applicants Schedule C is to be used under most circumstances to document “payroll”, specifically line 31 of the Schedule C.
The applicant should file their 2019 Schedule C with the application. The amount on line 31 of Schedule C (not to exceed $100,000) is divided by 12 for the Average Monthly Payroll. If there have been other allowable payroll expenses paid in excess of line 31, such as health benefits or retirement contributions (see discussion in Section D-1 above), they can be added to Average Monthly Payroll. This total is then multiplied by 2.5 to determine the total PPP loan amount. Certain loans made under EIDL can be added to the total PPP loan amount.