Paycheck Protection Program (PPP) for Self-Employed and Independent Contractor Therapists

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Paycheck Protection Program (PPP) for Self-Employed and Independent Contractor Therapists

What is a Paycheck Protection Program (PPP)?

Am I eligible for it?

How and where can I apply for one?

Emmanuel Canlas, PT, talks about the Paycheck Protection Program (PPP). What are the inclusions, who will qualify for application, how and where to apply. 

In this episode:
02:45 – Introduction of Emmanuel Canlas
04:20 – What is the Paycheck Protection Program (PPP)
06:50 – Who is eligible for PPP?
09:00 – Details of PPP loan.
10:10 – What are the inclusion of the Safe Harbor Rule?
11:15 – What is an Economic Injury Disaster Loan (EIDL)?
16:00 – How do you compute for the maximum PPP loan amount?
17:30 – What are the terms of the PPP loans?
20:40 – PPP Loan Forgiveness.
23:20 – Employee Compensation Cap
26:10 – What do I need to apply for the PPP Loan?
29:40 – Tips on tracking PPP withdrawals.
34:25 – Sample PPP Loan.
40:30 – Sample PPP Loan Forgiveness.
44:50 – Pending Congressional Changes.
51:55 – Where can I apply for a PPP?
58:50 – SBA PPP form 2483.
1:09:45 – Just be patient with your application and once you have your funds, spend it wisely.
1:14:10 – What are the possible reason that I will be denied for the PPP loan?
1:16:35 – Always remember the word FAST.

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About the author 

Dr Michael Chua PT, DPT

Dr Michael Chua is a physical therapist practising in Home Health, Skilled Nursing Facilities and Acute Care Hospital. His clinical interest involves pain management, geriatrics and dementia management. He enjoys treating patients and bringing out the best in them using positive treatment approaches, his dynamic work setting in a rural area provides an opportunity to treat a wide range from geriatrics to orthopaedics.

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