I’m an independent contractor that made less than $5,000 last year. Do I still qualify for a disaster loan?

[kate930]

As title states: I’m an independent contractor that made less than $5,000 last year. Do I still qualify for a disaster loan?

 

[613jono]

@kate930 Maybe but it’s so late in the game... you may be better off on unemployment which in my state opens for us in “2 weeks”

 

[kate930]

@613jono wondering if I can do all three. Assuming they open up apps for EIDL/ PPP again in the future.

 

[613jono]

@kate930 Loans have been closed.

 

[rcr93]

@613jono Do you have a source for this? I've been researching all day and can't get a concrete answer.

 

[kelbel81]

@rcr93

Lapse in Appropriations Notice: SBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.

EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

 

[rcr93]

@kelbel81 Thank you.

Interesting, because this sub and others seem to have proven that the FCFS line is bullshit.

 

[kate930]

@613jono Yeah but assuming they open up again in a couple weeks ago, do you know the answer?