The streamlined train symbolizes the streamlining of the PPP application process provided by Womply's Fast Lane. Others because the process was just confusing. Some because they were just sloppy and didn't have their documentation together. Their information helped me with my first article on the PPP.Ī lot of gig workers who should qualify had their applications denied. Information for 1099 workers and self employed individuals was hard to find. Nearly all the early information on how it worked addressed employees and payroll. I first discovered Womply because they were one of the first to put out some clear information on how the Paycheck Protection Program works for independent contractors. They help businesses and sole proprietors find a lender that can handle their applications. Womply is a registered agent in the SBA program that works with several lenders. Womply introduced the Fast Lane application to make it fast and easy for independent contractors and individuals to apply. Yet the same application is often used for both. The program works very differently for those of us who are independent contractors than it does for businesses with multiple employees. Unfortunately, the applications can be confusing. Income earned from Doordas, Uber Eats, Instacart, Grubhub, Lyft, Postmates, Shipt, GoPuff, Roadie or any of the many other gig economy apps is meant to be protected by this program. In this program, the government sees your earnings as your paycheck. However, the intent of the PPP is very clear: Independent contractors, gig workers, and other self employed individuals ARE eligible for the fully forgivable Paycheck Protection Program stimulus funding. They think that it means this is only meant for businesses that have a payroll. Part of the confusion for a lot of gig workers and other sole proprietors is the “Paycheck” in the Paycheck Protection Program. Don't get hung up on the Paycheck part of the PPP. We'll take a look at the Fast Lane application and how it simplifies the application process. Womply has created a fast, easy way to apply for PPP funding as a self employed contractor. The Paycheck Protection Program application can be overwhelming and confusing for an independent contractor with gig economy apps like Doordash, Uber Eats, Instacart, Grubhub, Lyft and others.
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