Can I apply for the PPP and the PUA?

I'm self employed and applied for the pandemic unemployment. I haven't been notified if I qualify yet. Can I still apply for the PPP?

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Thank you for posting in the Seller Community. Welcome.

 

Please check out out our Capital FAQ page for any updates. If you still have any questions, please contact our Capital Teams for further information. They will be your best resource during this time. You can reach them via email here, or by giving them a call at 1 (855) 700-6000 (Monday-Friday, 8am-5pm PST).

 

 

Alex_
Community Moderator, Square // Moderador de la Comunidad, Square
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Thank you! I have my answer and it’s no. 

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There is no way to get seller code! 

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I’m thinking of applying for the ppp but am worried it will affect my PUA benefits as times are tough for us all.

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The advice I was given was to apply for PUA from the week of March 19th until the start of PPP. PUA will give you back pay.

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Hi YouBeyou    would you tell me who gave you this advice?   I am trying to figure this out, too and have had no luck contacting anyone who can tell me for certain.

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I was receiving PUA and then I started receiving notices that I earned too much to qualify. Perhaps this was because of PPP kicking in? If I submit my request for forgiveness after 8 weeks, would I then be eligible for PUA again?

Or, in order to take advantage of the additional $600 allowed for a few more weeks, should I cancel my PPP loan and take advantage of the PUA and then apply again after the $600  is stopped? Would it be retroactive? Will it still be an option to apply again? Would my chances of receiving the loan be compromised?

Thank you!

 

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If you receive PPP after being approved for PUA, can you hold off using the PPP until after you collect PUA, then use PPP once you discontinue PUA?

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