SBA - Paycheck Protection Program

[Joseph Parker]

I attempted briefly to search the Real Estate Professional forum for a thread on this, but to no avail. I was just wondering if any Realtors have successfully applied, and been approved, for the SBA PPP loan? They opened this loan up to independent contractors last Friday, the 10th, and define "payroll" as our commissions/wages. The loan can be 100% forgivable if the funds are used to cover payroll/rents. The documentation required is next to nothing. I applied through my local bank and was approved in less than 24 hours. I know that nothing is free and we will pay this back one day or another through higher taxes, inflation, etc (in my opinion), but I know of very few Realtors in my area who have any idea that this program exists for them.