Wondering if self Employed single or owner of two trucks business are eligible for SBA ,or Disasters loans if so would it be through States Or feds.
This info might help truckers save their Business or pay rent or Mortgages who are not able to go out and work because of underlying Conditions or cuz they are Caring for loved one or cant get out cuz of the School closures.
Any information shared would be be Greatly appreciated by Many of us and might actually be Benificial.
Keep on rolling And be Safe out there.
Covid 19 Business loans,SBA loans are eligible?
Discussion in 'Trucker Taxes and Truck Financing' started by mortal_oean, Mar 28, 2020.
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Yes, every business owner (including sole proprietors & 1099 contractors) are eligible. You apply at sba.gov since it's federal. Select the EIDL loan option. Even if you're a 1 man operation...be sure to include yourself as an employee. Request the advance and include your bank info.
Good luck & be safe out there!Last edited by a moderator: Apr 1, 2020
Reason for edit: Advertising -
I applied last night also, will see what happens
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Going to be interesting when all of this is over. When the SBA and their auditors start looking to see how many fraudulent applications were processed that got the 10k grant money. I'm sure there are many out there trying to figure a way to say they are a business just to get this grant money.
x1Heavy Thanks this. -
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By the time they look you up the 10k would be long gone, as they are required to give the grant money within 3 days of the application. And I can go online to the IRS and get a EIN instantly.
x1Heavy Thanks this. -
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Well, it's Monday April 6th 2020.
How many of you who applied for the EILD "ADVANCE" 3 days ago woke up today with that 10,000 bucks in your bank account?
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