How To Spend Your PPP To Avoid Trouble

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PPP forgiveness. How to spend PPP money.
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PPP News
PPP 2 start date
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When can I get PPP round 2?
Is PPP 2 available?
How to apply PPP round 2?
PPP extension
PPP forgiveness
PPP Forgiveness Form 3508S: www.sba.gov/sites/default/files/2021-02/PPP%20--%20Forgiveness%20Application%20and%20Instructions%20--%203508S%20%281.19.2021%29-508.pdf
PPP Forgiveness Form 3508EZ:
www.sba.gov/sites/default/files/2021-02/PPP%20--%20Forgiveness%20Applications%20and%20Instructions%20--%203508EZ%20%281.19.2021%29-508_0.pdf
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[@robertpaulos1]

Thank you Max because of you I got my PPP loan very easy and quick, god bless you and keep the good news my man 💪🏼💪🏼💪🏼💪🏼

[@brianellsworth9184]

He is a great man I got both my PPP loans because of his great information

[@jillegg5041]

Thx so much for all the great info Max! Do u think Congress will allow a retroactive clause for first draw PPP to re-calculate based on gross instead of net? Soooo frustrating that it only applies to second draw PPP right now. Got my first draw last year. Thoughts?

[@e.y.s.3573]

How fast they deposit the fund? It says one or 2 days...but I dont see it in my bank

[@brianellsworth9184]

@@e.y.s.3573 it says 2 to 3 business days after you sign your promissory note are you sure all your numbers are correct your routing number and your account number have to be correct or it will delay it lenders have up to 20 days after the date on which a PPP loan is approved by the SBA to fund your loan but most cases it take 2 to 3 business days like I said above

[@brianellsworth9184]

@@jillegg5041 that’s a great question been wondering that in my case that’s an extra 3500 dollars I sure could use

[@rosewatson5242]

You always know the right questions to answer! THANK YOU!

[@jmlesq]

Thank you Max. I followed your videos and 1st PPP hit via Wombley. You are the man.

[@JuanJuarez-dx5oe]

Thank you Max for clearing things up really appreciate it Happy Easter

[@richnovek107]

Happy Easter Max! Thanks for all your hard work in making sure we get all that we’re entitled.

[@KingVonAllegra]

Thanks sir, helping to keep us safe and out of trouble with these benefits!

[@MrSmoothprod10]

Thank you Max for guiding me to get funded! I would have never tried if it wasn't for you and Womply is the real deal!! I have never received help. You are a blessing!!!

[@AuntieL_ATL]

Thank you @MaxMaher, Womply and Small Harvest. Now I can pay off my losses from COVID-19 and get my call center back on track.

[@seanmahoney90]

ABSOLUTELY THE BEST VIDEO I HAVE SEEN ON THIS SUBJECT!!! Thank you!!!

[@antoinetteodom3833]

Thanks a million . This has really help me with understanding the forgiveness portion

[@JDHart]

Thank you Max. You have been most helpful throughout this process. Keep em’ coming. Happy Easter!

[@sambochen2010]

Thx Max for your research and time that you put into making this video. Very informative, clear, and puts many of us at ease. Keep it up!

[@conniebach5151]

Thank you for the clarity!

[@jessicajessdivine7089]

Awesome thank you I needed this information!!!

[@barbieperry95]

Thank you for your direct info once again. You rock!

[@woodmack91]

Man thank you so much big clarification big big clarification and the actual rules did change to help us more small business owners

[@isamcfarlane5766]

Happy Easter! Thank you for this clarification. 💙

[@Mystuff419]

This is the first thing online that has made me feel safe about going through with this. Because it’s kinda confusing! Your straight forward and helpful tone is much appreciated! If you happen to read this and can respond, I am an independent contractor as an online teacher. So will I NOT need to prove how I spent the funds? I am only getting a small amount compared to others. Thanks again 🙏🏻

[@masreshamohammeddawde5997]

You are outstanding, thank you for your unreserved effort to update us. When I listen to you my confusion is gone like a cloud.

[@MaxMaher]

Hey thanks!

[@rsaatif]

Awesome info bro, you are the best on my list of people that I follow!! 😘

[@rlg222]

Hey Max! Mr. Maricopa here. It does seem surreal..I never thought about it this way. I just started spending this weekend on business expenses. WOW! for Sole Props and no documentation! That's so awesome! Max, you're the best! I did apply for the 2nd loan last week before my 8 weeks though Wombly as they said I was eligible for it.

[@russpeaknuckel9525]

Got to wait 8 weeks.

[@Stylesbynak]

Thanks Max if it wasn’t for you i would have never applied! 🙏🏾

[@lologalvez5919]

Bro thank you. You just answered my question as to how to pay myself and transfer the funds into the biz account. Appreciate ya.

[@sumterblackchamberofcommer112]

You create a operation account and also a payroll account your payroll account hold 70%

[@CC-te4jz]

Can i pay myself all in one shot as a sole proprietor or do I need to show the ppp funds are drawn down every week or month?

[@anabarajas116]

Thank you for everything you do and yes this video was VERY helpful

[@HAB297]

Appreciate it man! You made it very clear and easy!

[@davonmurray78]

Max Maher thanks for helping me with the PPP Loan. Watching your videos are very helpful. I appreciate you bro 💪🏾

[@michael_harren]

Thank you so much for breaking this down!

[@kebinlcarr7481]

Thank you Mr. Max for the information.

[@dubkae9447]

Extremely informative, and straight to the point. Great job.

[@lakeisharansom3046]

Thank you so much for the mental stress relief! Really appreciate it😌🙏😊

[@miguelmiguelson]

My homie told me about this and dude. I finally feel hope in my life. My life got flipped upside in a dramatic manner. I was lost. And homie told me about this! 🤯 GUYS!!!!! Ima make my Landscape business actually happen 😭 I feel so bless! Thank you thank you thank you all!!! To my homie, to this guy explains, to the government, and to God for me to learn this after learning all the tough experiences

[@jahkings7358]

The almighty bless you in your journey sir 🙇🏿‍♂️❤💛💚🙇🏿‍♂️

[@RobertCookdarkarts]

You gonna get arrested or have to pay it back! It's for businesses already started before 2019, not to start a business. They WILL get you for that.

[@patestate]

@@RobertCookdarkarts LOL he will be fine 😂 government not to worried about it they need to get rid of the funds because it gives them an excuse to tax more

[@rawgaming8394]

@@RobertCookdarkarts shut your scary ass up

[@jaronaiello5206]

@@rawgaming8394 Deadass🤣🤣 niggas not gaf

[@mickeyle1386]

Love your detailed explanations!

[@AymHiiGHTV]

good advice really answer my questions and gave me a side of relief

[@lisashelton4718]

PPP is a prison sentence. People in my city are either in jail, been in jail waiting to go to court. My own family member is waiting for his court date. For starters there maybe forgiveness for those with businesses, but prison is waiting for those who lied.

[@TracyAllenVideos]

I finally got my PPP funding this morning… Hallelujah! Mine is such a tiny amount but I’m still gonna make sure that I follow the rules. Thank you for this breakdown, Max! I’m glad to know that now that I got funded, that’s additional money to go your way as I used your referral link! I’m hoping that some of the people that I shared my link with will use mine and get funded as well… Let the blessings keep coming🙏🏾🥰

[@andreiareynolds4457]

I still haven't applied because I don't know how. I hope this helps me

[@dibaz1]

@@andreiareynolds4457 ditto just seeing this now

[@shereeburks9549]

Great video, So Helpful! Thank you!

[@yadiragonzales7479]

I also wanted to thank you for all the information you give us thanks a lot god bless you 😀

[@megamardee]

Still loving your hair plus the best info.

[@jphillips4509]

Thank you for providing the sole proprietor clarification from the SBA. I can finally use the PPP money without fear that I am doing something incorrect. I greatly appreciate your efforts & the specific information you always provide Max.

[@Rdot3423]

Same here. Thank you Max, I truly appreciate it!!!

[@chuckmcmillin311]

Thanks for all great video's. Used your link to Womply and was so easy. All should go there, simple.

[@yanniyanni5800]

Easter Blessings to you Max! You're still the best🙋🏽‍♀️

[@marierrichardson3248]

Thanks a million! I just was thinking about applying for the forgivable loan .I do side hustles.I need it !😃👍

[@k.a.3678]

Better hurry up...they’re running out of money.

[@sergiooliva4268]

@@k.a.3678 can we do it if we started doing gig work in January 2021?

[@Brown8suga]

I need money too but I really don't want to go to jail. That's on PERIOD.

[@k.a.3678]

@@sergiooliva4268 No, it said you should’ve had your business at least Feb 2020...I believe. I know it was early 2020

[@k.a.3678]

@@Brown8suga if you have a gig/side hustle then you can get it. Apply as a sole proprietor and BE SURE TO PAY YOURSELF (60%) so that your loan can be forgiven. This can really help your gig, turn into a bigger business.

[@anniemedicalmassage]

This is what I have been telling so many people about the forgiveness and why the SBA could not do a grant. They were still scared and apprehensive. Oh well. You can’t save them all! I did my due diligence, and I got my money, and it will be forgiven because I’m doing it the right way and following their rules.

[@tommytommy7825]

Mahalo, can you share what the right ways is? I get the feeling I am thinking as you may be thinking....Please explain your findings on PPP Forgiveness. Thanks...

[@LaidBackP]

What if you just got your llc this year but still had your account since 2020

[@dibaz1]

@@tommytommy7825 following, have no clue where to start or go about this!?

[@myasspace6393]

Hi, I got approved for the ppp I just want to know can I start my business up with it? I was selling lashes in 2020 but didn’t get many sells so I never put it on my taxes. Please respond

[@kyslife9701]

@@LaidBackP that was my scenario .

[@fabfunctions688]

Guess who just signed their loan doc for the 2nd ppp with womply after three weeks of receiving ppp one. Thank you Max. Womply new fast track works better than the first draw I was approved through Readycap for the first one with no movement from comply the first time around. But super excited of how quickly they moved to get me the second Draw before the end date. Yessssss. Thank you for the forgiveness tips as well.

[@brentdahlin291]

did you reapply through womply for 2nd? Or did you ask for it on the first application and it simply came through 3 weeks after first one?

[@ramonalumbers7445]

Thank you for your information it is very helpful for me

[@doloreschansey9556]

8:19 on is th emost important information regarding common questions of: How do you pay yourself (go check!) and: Do you have to have a business account? (no)

[@leemorris8404]

y’all please don’t listen to the scammers in the comments...

[@temikaharden234]

This is very Informative! Thank you sooooo much

[@nunovurbiznis]

Max, I can't thank you enough. You are truly a blessing and I hope God continues to keep blessing you. It's generous people like you that makes this world a better place. :)

[@nycmel7538]

Imma sole proprietor and I got my ppp loan. All I need to know is if I can put all this money into my stocks

[@adriennestanley154]

Thank you! Very simply explained!

[@tommymodec]

This video was insanely helpful and reduced a ton of stress and confusion. Thank goodness I went with Womply before even watching this video. Thank you!

[@streettravelxxi]

I did it through womply and through a friend phew hope it all goes well

[@markthesolarexpert]

Is the loan forgivable if I spend it (or a certain percentage) on lead generation?

[@WeLOVECouponingOnline]

LMFAO at PPPrison 🤣 Good one!

[@sharikaj04]

It’s funny how he has made a video teaching people how to spend it 🤣🤣🤣🤣

[@lukemark2545]

HACKERGENERAL01 on insta is the best.I got my loan through him💯

[@georgedantz4027]

Thanks for the great info!👍💯

[@simplelife4213]

this video is gold. thank you

[@roweellazar9103]

Best info.... should be seeing my PPP loan deposit very soon!

[@glennward4661]

Got a personal call from my bank telling me that my ppp1 was forgiven and a sba email, but it wasn’t so easy had to upload docs proving expenditures and it was way below 150,000.

[@swt6507]

Hi..are you self employed? an independent contractor w a sched C? I'm assuming you may have employees?

[@alizavignale]

Thank you for everything, Max!!!

[@rhondakennedy156]

Thank you so much for this piece of mind on PPP loan forgiveness! 😘

[@RicoGotMotion]

So I got a $$2000 ppp loan deposited directly to my personal bank account. So your saying I don't have to do anything else like transfer it to my biz account then pay myself back to my personal acct? I'm ok with just leaving it in my personal account? Then what form do I have to fill out and how soon?

[@jim7953]

Max questions what happen if all of your documentation for your freelance paper got flooded ina base flood How am I able to prove I was my own side business, am I out of luck on the SBA

[@1Chinx]

Bevco you are dealing with the feds i wanna say YEAH! I can’t go to the dmv with out my birth certificate and tell the lady at the desk TRUST ME I HAD ONE!

[@KatarinaSophia0795]

Thank you so much Max. 👍🏻😀

[@one2onerealtymikkascott335]

Happy Easter Max. You answered my questions in the email I sent you. Thank you so much!!

[@vontroy23]

I have a home improvement and lawn care business was wondering could I use the ppp loan to purchase new equipment

[@k.a.3678]

Yes, absolutely. Make sure you pay yourself 60% of your loan amount (get two bank accts), and the rest you can buy stuff for your existing business.

[@DelValleStudios]

Hey Max, just being helpful you should put Owners Compensation Replacement or something like that in your title so people will know because that’s a big topic with PPP or like (How to pay yourself)

[@RozzB57]

Thank you for the info in this video! Liked and Shared!

[@lunanegra1148]

Thank you for this information you are awesome 🙂

[@thisisupperside]

Hey! If i pay myself and transfer the funds from my business checking account to my personal checking account im assuming 'i paid myself", now can i use those funds in personal account to do whatever i want?????

[@rodwiggins6620]

Many of the U tube CPAs say yes if you are a sole prop without any employees. I'm still going to spread my withdrawals out over 11 weeks just to make sure.

[@yeshuagirl81]

My question too. So can we for sure take the whole amount of the funds, let's say $5000, and transfer the entire $5000 at one time to our personal checking account to pay ourselves?

[@MaxMaher]

Happy Easter!

[@faithmoore3243]

May you be blessed richly for encouraging others and telling them how to get that money!

[@glassscapemediaproductions]

Happy easter! I got paid. Way less than i was hoping but it worked, thanks!

[@jerrybriones7679]

Happy Easter Max..Is the womply fixing code..Like duplicate application

[@hlb48]

Happy Easter!

[@deuntegalloway2025]

If you have ppp that's just 20000 u still have to do that 60% payroll and 40% expenses to be forgiven.

[@ghetty_yetty7927]

Thanks for making this video!!!

[@cesarrojas7729]

You are the best!!! Thank you

[@bardistv9653]

Ppprision 😅you’re so funny yet adorable, thank you I enjoy your videos

[@shahidmahmood9311]

I stuck in seconded review since week when I check fast lane status

[@carlosbigard2853]

Same here

[@rebeccavann6340]

This is so helpful. Thank you so much!!

[@MaxMaher]

You’re welcome!

[@Runndeep]

Thanx bro, great info

[@martykayjohnson5768]

HAPPY EASTER PPP TRIBE😊😊

[@stevenlarabia]

Omg I just got funded, I love you bro❤️

[@cambosbbq3135]

@@user-xp8wt8sk1s how long did it take you to received the funds in your account? From the “Lender Funding stage to “Borrower Funded”? Thank you!

[@ashleighelizabeth4928]

What website did you go to to apply?

[@CoryASMR]

@@user-xp8wt8sk1s cap

[@damainallan3669]

Great info bro 👌🏽

[@_Style_Dee]

Thanks for this video!

[@theonlyEYEBROWKING]

Can you apply for this if you are a gig worker? Like door dash or instacart??

[@MaxMaher]

Yes! www.womply.com/maxmaher/?

[@ricoalfayeed4967]

Hey Max my PPP says in secondary review for over a week. I seen your videos on why this could happen.

[@Beekeeper8011]

Helpful. Thank you

[@anselmenounagnon4560]

Thank you for your videos.

[@ItzzEliiOfficial_]

Who else got this on their recommended after watching Lou ratchet video🤨

[@livelikedes1]

😂😂😂

[@chop8735]

Thats wild 😂😂😂😂 cuz it happend to me too

[@Nates_video_ideas17]

Yoo I’m dead 😵🤣🤣

[@MarTooSaucy]

😂😂😂

[@kishonlove2102]

That’s wild

[@fayannemontague9540]

HAPPY EASTER TO YOU AND YOUR FAMILY MAX, JUST WANTED TO SAY THANK YOU FOR ALL YOU DO.

[@MaxMaher]

Same to you!

[@jpmag69]

Yes, if it wasn't for Max I would not have applied for my PPP loan. I received it 5 days ago. Thank you and Happy Easter!!!

[@meuyh.3075]

Thank you Max!

[@RockkcoR]

Thanks Max!!!!👍🏾

[@stephenmcalpine6091]

What can you do if your bank refuses to release your PPP Funds because they were sent to your personal account and they send the funds back to your approved SBA lender?

[@myteonadavis8474]

This is also what I’m wanting to know

[@lilcj3578]

I got approved on the 5th and still haven’t gotten any documents or updates

[@dre5575]

It took me about a month in a half to get funded just gotta wait

[@kellycastillo1007]

Thanks you for the info 🙏🙏

[@ThePrettylady101]

Thank you so much for this information...I was so confused and I was doing it right all the time usig my QB-Self Employed software. I am in my covered period and my lender Kabbage has not reach out yet with my papaerwork but they said to check back in a few weeks. Thank you, this is FIRE!

[@jessiejames1681]

Hey Max just seeing that you've been touching your jaw in your thumbnails for the past couple weeks. I hope your jaw pain gets better. Happy Easter!

[@aguycallgerald]

It still sucks that we can't change line 31 ...I wish I would have waited to do both ppp loans cause in total I didn't even get 2000 and that's with both loans thanks to them changing shit every 24 hours 🤬

[@sakkysha5496]

True!! For what was supposed to be a 12-week program, the President announced this major change on the 8th week, with no inclusion of the millions of small businesses who applied weeks 1 through 8! What genius within the administration deemed this fair to all small businesses!!?? Outrageous!

[@onlyme9864]

Perfect video, thanks

[@annagreenfieldwelcometocha3312]

Thank you for the great information there are so much miss information sounding the PPP Loan

[@realwilltrades]

So do we have to wait 8 weeks to apply for the draw 2 ppp loan? And what happens if I don’t wait?

[@realwilltrades]

@@mikelucas9345 😂 I’m confused

[@realwilltrades]

@@mikelucas9345 🤦🏾‍♂️ you are the FRAUD version of him

[@josejose2100]

This is a good question. Hope someone answers it. My goal is to pay my employees a full quarter with both loans combined.

[@realwilltrades]

@@josejose2100 Right

[@chrisgreen8759]

@@mikelucas9345 huh?

[@MoiseNicolas]

Hey Max so once you’ve paid yourself, do these funds then have to go towards business related expenses or am I free to do as I please with them?(lol even though they’ll still go to business related expenses but just want to clarify)

[@srtray9759]

If u independent contractor an Notin with the state you good jus do right with it still to avoid any red flags

[@patrickgabriel242]

Thanks bro!

[@bigjd54]

Great informative content yet again keep up the good work

[@ailredgwapo5123]

It was clean deal with *incredible_profit on !G* they got me emergency funds after I texted them for instant momey adder

[@rajshinde848]

Thank you would not be enough for things i *incredible_profit on !G* has no other benefiting words