Real Estate Agents Eligible for PPP Loans Until March 31
Paycheck Protection Program or PPP loans cover independent contractors in Real Estate, about 90% of the 1099 agents will qualify for the forgivable government PPP loan. The loan amount is likely to be around $5,000 on the low end and up to $20,833 on the high end, according to information provided by Capital Plus, Blueacorn, and MooveGuru. Approval rates are currently at 90%.
The website to share with agents to apply for the loan is https://mooveguru.blueppp.com.
I know many vendors who have taken advantage of PPP loans. Every little bit helps as we make our way out of this pandemic. If you involved with doing any agent/member communication I would get this word out there.
