Today, Nav launched a Self-Employed Paycheck Protection Program (PPP) Loan Forgiveness Calculator to help the self employed estimate how much PPP loan forgiveness they may qualify for.
Nav’s Self-Employed PPP Loan Forgiveness Calculator walks self-employed individuals, including most sole proprietors and independent contractors, through the calculations used to apply for PPP loan forgiveness.
The tool, which is free to use, was built by Nav’s in-house experts, with decades of experience in business financing, who are intimately familiar with the legislation and guidance issued by the SBA.
To ensure that business owners are providing the best data possible, a robust list of frequently asked questions and additional information is also provided alongside the tool.
“There is still a lot of uncertainty regarding PPP loan forgiveness,” explained Greg Ott, Nav CEO. “And, frankly, it is making a difficult situation for all business owners even more frustrating. Our team’s commitment to helping business owners navigate the complexities of business financing, including PPP loans, is unwavering. This new tool provides another opportunity for us to help the self employed get the information they need to help their business survive and thrive.”
For business owners who are still in need of PPP funds, Nav offers a free digital tool to instantly connect business owners with lenders that are taking SBA Paycheck Protection Program (PPP) applications for PPP funds available to small business owners under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
“While many business owners are starting to think about forgiveness, there are still millions of business owners who haven’t received the funds they so desperately need,” shared Ott. “If you have not applied for or received any funding yet, I encourage you to let Nav’s team of experts help you. Business owners who already have PPP funds, should leverage our services to ensure that their businesses are in the best possible standing for post-COVID financing.”
Over the last six weeks, Nav has helped thousands of small business owners connect with PPP lenders and agents and secure tens of millions of dollars in government-funded loans.