Hey, pitch4daze11. I understand there's a lot going on right now. The Community is here to help.
For the Payroll Protection Program loan, the Small Business Administration requires self-employed businesses to provide an income report for 2019, not just 8 weeks. You can calculate your income by accessing your profit and loss document, which is a statement showing all of the funds accumulated throughout the year. Here's how:
1. In QuickBooks, go to Reports.
2. Download the Profit and Loss report.
Now you'll have a copy of your P&L for 2019 to submit along with your application.
You can find more information about the PPP loan requirements on the SBA's overview page: Paycheck Protection Program Overview
I'll be here to help with any other questions, so please don't hesitate to reach out. Have a great day!
