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Are Independent contractors eligible for SBA loans?

GeorgiaCoronavirusStimulus

I am an independent contractor that was laid off due to Covid-19. Do I qualify for any SBA assistance?

1 reply

Apr 7, 2020
Yes. Independent contractors who collect 1099-MISC forms are eligible to apply for a paycheck protection program loan. However, it is important to note that you cannot receive both Unemployment Benefits and a PPP loan at the same time. You should consider the payout of each program to determine which is the best fit for you. You can apply for an SBA loan directly through Levelset using the link below. Apply for an SBA Loan
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