Go to your dashboard ( On the Left hand side, click where it says Settings Under Settings, click the tab marked User Profile Navigate to the section marked Change Password, enter in the current password for the account, the new password you wish to change it to, and reconfirm the new password. Specifically, you have to decide/designate/record which weeks you chose to distribute PPP proceeds to yourself. Also, you have to show how any of it was spent for "acceptable expenses under PPP". Now, remember, ONLY YOU can choose which weeks you distribute the PPP - not the SBA, and especially not EDD - as long as they are between the day the funds were deposited in your bank account and 24 weeks later. (Don't ask me how the endpoint weeks are figured - whether the weeks start on the day you got the funds, or calendar weeks - and how they relate to those two end date. If you distributed funds to yourself on a week that you were disqualified and didn't receive any UI/PUA (too many hours or too much earnings, excluding PPP), then they can't do squat! Call SBA instead and ask them, if needed.)įor the payroll proceeds TO YOURSELF, here's my prediction on how it would go. Start your PPP application here and well route you to an approved lender. However, if you received any UI/PUA for a week and that was one of your PPP distribution weeks TO YOURSELF, and California later decided that your PPP distribution was actual income, then they could come back and demand that UI/PUA payment back. womply sign in, ppp loan womply, womply support, ppp fast lane womply. They could even be nasty about it and impost fraud penalties! Womply is not a PPP lender, and is not in the business of providing legal or tax advice. PPP Fast Lane helps 1099's, sole proprietors, and self-employed people access the Paycheck Protection Program (PPP). We are a technology company offering a web platform designed to assist. In 5 minutes, PPP Fast Lane will help you prepare your applications and connect you with an SBA-approved lender. PPP loans offer up to 41,666 in disaster relief, and they are 100 forgivable. Honestly, it's not likely, but it could happen. "I tried repeatedly to contact EDD about this, but you never responded.IF it were to happen, here are the defenses. Further, EDD never issued any official advice on the matter that I could find. What is moonlighting How to start, tips, and job ideas.I had to do my best interpretation of what to do, without assistance." Likely get you out of any penalties, maybe interest, but not the original UI payment. "This was a loan and therefore not income. Moonlighting is the act of working a second job outside of a full-time job. By law, a loan is not income." Not sure how that plays out if forgiven, but ironclad if not forgiven.Īs for overlapping periods, the best thing I can think of is to make sure the end date of the second PPP is at least 11 (12 to be safe) weeks past the end of the coverage period for the first PPP loan. If they ask, tell them that the processor encouraged you to apply for the second without telling you about the ramifications. Then add that you stretched things out so that in the spirit of the program, the two coverage periods didn't overlap. Worst case - the first is forgiven and the second is not.
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