Assets for Artists, an artists service organization based at MASS MoCA, posted a useful and informative article about how individual artists/self-employed creatives may be eligible to apply for the Small Business Administration’s Paycheck Protection Program for potential forgivable loans to keep businesses afloat amidst the COVID-19 pandemic.
From Assets for Artists:
The Small Business Administration just made it a lot easier for people who file a Schedule C on their federal taxes to qualify for COVID-19 business relief (the “PPP” program), and Assets for Artists wants to be sure folks in our artist-network are checking it out. The SBA is taking applications (via banks and online lenders) until March 31. Many more artists will now qualify!
These are “forgivable loans” for small businesses, including people who are self-employed, as long as they filed a Schedule C in 2019 or 2020 and earned “Gross Income” (line 7 of the Schedule C).
Read the Assets for Artists article for more detail about who may be eligible. The organization is even offering to provide support to potential applicants in New England. Deadline to apply for the PPP funding is March 31, 2021.
Image: Still image from BYRUM AND KAPOK (2009) by Aya Yamasaki Brown and Jason Brown, past Mass Cultural Council Fellows and recent award recipients from Assets for Artists.