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Does my small construction business qualify for the SBA stimulus loan? I'm in Tennessee.

TennesseePay When Paid

I bank with US bank, under DBA R& L const. I am the only employee and owner, my business only makes approx. $1200.00 a year. do I qualify.

1 reply

Apr 8, 2020
Sole proprietorships are able to apply for SBA loans. So, yes - it's possible your business could apply for and receive a loan made available through the SBA under the CARES Act. For more information on the CARES Act and SBA loans, the resources below should be useful. - What’s in the $2 Trillion Coronavirus Stimulus Bill For Construction Businesses & Their Workers? - Small Business Loans For Construction During Coronavirus | Who qualifies & how to apply - Stimulus Legal Questions
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