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PPP for Gig workers

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Chrono
@chronocrypto
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Yes. Nearly all independent contractors or 1099 workers likely qualify for a PPP loan. If you were driving for DoorDash on or before February 15, 2020, you most likely qualify for the PPP.

How do I get my 1099 from DoorDash? Per DoorDash, “In the United States, all Dashers that earn $600 or more within a calendar year will receive a 1099-NEC via our partnerships with Stripe and Payable.com.”

NOTE: Make sure you have a copy of your Schedule C (IRS Form 1040). The lender processing your PPP application will need this to verify your 1099 income.

How do I know if I'm self-employed? Being self-employed or a “non-employer” encompasses a wide range of people. Here are some guidelines to help you determine if you’d qualify for a PPP loan as a non-employer:

*If you identify as one or more of these:

  • Freelancer

  • Gig worker

  • Independent contractor

  • Consultant

  • Sole proprietor or small business owner (with no employees)

If you have one or more sources of self-employed income:

  • 1099-NEC
  • 1099-K
  • Sale of goods or services
  • Business income

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