When I heard PPP2 was coming I thought we would have a handful of clients qualify based on the 25% revenue decline rules.
But then I started thinking, technically wouldn't every single Schedule C client that did not file a PPP application last year because they were either a) collecting unemployment or b) did not think it applied to them because there was no economic impact, now be eligible for PPP Draw 1
$20,000 of net Schedule C is going to get you over $4k in PPP. If the govt is handing out free money, there will be no shortage of takers