The Small Business Administration and U.S. Treasury have made another major change to the government’s stimulus plan for small businesses: the PPP changes for self-employed will allow a much bigger forgivable loan.

In a clarification to PPP, called an “Interim Final Rule,” Treasury changed the way available loans can be calculated for any business that uses Schedule C of IRS form 1040. Businesses that are sole proprietors, self-employed or even gig workers, are now allowed to determine their loan amount based on gross income, rather than net income.

Part of the PPP changes for self-employed is a punishment for any business owner that was diligent enough to submit an application when this second round of PPP began in early January.

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*In partnership with McElvy Partners