PPP FASTLANE WOMPLY LIVE CHAT HOW TO
You had to wade through all the employment portions, often not knowing how to handle it. Womply then would forward you to a lender, and you have to do it all over again. In the past, you had to submit a lot of information. The Fast Lane is a fast, easy way to submit your PPP application. To make things easier for independent contractors, and other 1099 and self employed workers, Womply created the Fast Lane. The streamlined train symbolizes the streamlining of the PPP application process provided by Womply's Fast Lane. Others because the process was just confusing. Some because they were just sloppy and didn't have their documentation together. Their information helped me with my first article on the PPP.Ī lot of gig workers who should qualify had their applications denied. Information for 1099 workers and self employed individuals was hard to find. Nearly all the early information on how it worked addressed employees and payroll. I first discovered Womply because they were one of the first to put out some clear information on how the Paycheck Protection Program works for independent contractors. They help businesses and sole proprietors find a lender that can handle their applications. Womply is a registered agent in the SBA program that works with several lenders. Womply introduced the Fast Lane application to make it fast and easy for independent contractors and individuals to apply. Yet the same application is often used for both.
The program works very differently for those of us who are independent contractors than it does for businesses with multiple employees. Unfortunately, the applications can be confusing. Income earned from Doordas, Uber Eats, Instacart, Grubhub, Lyft, Postmates, Shipt, GoPuff, Roadie or any of the many other gig economy apps is meant to be protected by this program. In this program, the government sees your earnings as your paycheck. However, the intent of the PPP is very clear: Independent contractors, gig workers, and other self employed individuals ARE eligible for the fully forgivable Paycheck Protection Program stimulus funding. They think that it means this is only meant for businesses that have a payroll. Part of the confusion for a lot of gig workers and other sole proprietors is the “Paycheck” in the Paycheck Protection Program. Don't get hung up on the Paycheck part of the PPP. We'll take a look at the Fast Lane application and how it simplifies the application process. Womply has created a fast, easy way to apply for PPP funding as a self employed contractor. Do not edit unless asked or you know you made a mistake, otherwise your application will be delayed.The Paycheck Protection Program application can be overwhelming and confusing for an independent contractor with gig economy apps like Doordash, Uber Eats, Instacart, Grubhub, Lyft and others. Your application info will require another review after you edit it. You can do this if you entered the wrong name, SSN, or had another issue. Now you can login to edit your basic info prior to submission to a lender. We process these requests daily and they are subject to other rules. But now you can cancel an application yourself by first logging in. Our support team can’t accept these requests. Be sure to follow our instructions regarding DocuSign. This takes 24hrs and can only be done once per day. But if your application is in a status requiring your signature, you may login to request that we resend your document via DocuSign. Be sure to upload all of the requested documents.
PPP FASTLANE WOMPLY LIVE CHAT MANUAL
We still recommend connecting instantly, but we are now processing manual bank documents within 24hrs.
After your application is submitted in Fast Lane we review all numbers to confirm they’re correct and associated with your SSN. We instantly classify your tax documents to ensure you uploaded the correct form. Only the SBA can fully approve a PPP application. And it’s up to lenders to decide whether your application meets their standards. Womply doesn’t underwrite your loan or move money as part of the PPP program. Lenders make decisions on each application, submit them to SBA for approval, and fund loans once they’re approved. Whereas with PPP Fast Lane we help sole props, 1099s, and other businesses without employees access the PPP.įor Fast Lane, Womply builds and runs the web interfaces you use and collects/validates/organizes your data. Womply is partnered with SBA-approved PPP lenders on two totally separate programs: Our regular PPP program matches businesses with employees to PPP lenders. We launched Fast Lane because we believe every small business deserves a chance to apply for PPP and because we couldn’t convince lenders to serve this market alone. We’re a technology company that–under normal circumstances–serves small businesses with marketing, CRM, and business analytics tools.
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