PPP Loans for Musicians

If you are a musician with a gig-based income, you will likely qualify for some covid relief money from the federal government soon!

Congress passed “The Consolidated Appropriations Act, 2021” on December 20. This act provides additional funds to the Paycheck Protection Program— the pandemic relief program administered by the US Small Business Administration (SBA).

We are still waiting on more details for the new round of aid. In the mean time, here are some things you can do to get yourself in good shape to apply for a forgiveable loan.

  1. Follow the news around PPP loans and covid relief
  2. Start preparing your 2020 taxes. You will need info from both 2019 and 2020 in order to show loss of income due to the pandemic.
  3. Familiarize yourself with both Lendio and Bluevine websites so you are prepared to apply when the time comes. 

Links:

Digestible info on The Consolidated Appropriations Act

Lendio.com

Bluevine.com

Instagram post with more info from my experience applying for aid

Check out the latest episode!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: