Took about 20 minutes total. Here are the links sole proprietor schedule c ( most leased on owners) are eligible.
SBA - Disaster Loan Assistance
No paperwork required
I think this one expires in September
can get 10,000
Apply for Paycheck Protection Program loans | Kabbage, Inc.
only schedule c was required or payroll forms if you are organized as a corporation
This one expires June 30
can get 2 times monthly net income based on schedule c net income
After seeing the sharp drop in rates I decided to apply for both programs. I don't need the money now but who knows ho bad it will get.
I'll update this post with the results.
Just applied for EDIL Grant and PPP SBA loan
Discussion in 'Ask An Owner Operator' started by bigtravelr, Apr 5, 2020.
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So are they saying as an owner operator, sole proprietor, the loan can become a grant?
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Subscribed.
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Everyone wants something for nothing that's so sad.Last edited by a moderator: Apr 11, 2020
lynchy, runningman0661 and Deere hunter Thank this. -
Hegemeister Thanks this.
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I don't want to wipe out my savings due to a 50% drop in rates, if I don't have toBuckeyes614, Wombat63, Just passing by and 3 others Thank this. -
I’ve never taken a government handout, and won’t start now. If things got so bad I had to park my truck, I would go work three jobs to keep a roof over my head and food on the table. Just the way I was raised. And before anyone says anything about the stimulus check, my household income was to high last year to qualify, so I won’t be sucking on the government teet on that BS either.
baha, lynchy, Midwest Trucker and 1 other person Thank this. -
In this situation the government forced companies to close and people out of work, I can't blame people for taking a government loan or handout to stay in business.
When Covid 19 subsides we want there to be a business and jobs for people to come back to.bigtravelr, runningman0661 and Hegemeister Thank this. -
runningman0661 Thanks this.
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I applied on line last week and haven't heard anything from them. I hearing I need to go to a bank?
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