The Emergency Income Disaster Loan (EIDL) program is a little-known Small Business Administration (SBA) loan program designed to help small businesses in disaster situations. Previous disasters would be floods or a major storm like hurricanes or snow storms. All states in 2020 have declared a state of emergency due to COVID-19. This has allowed the SBA to provide EIDL. As part … [Read more...]
Status Update on SBA EIDL Emergency Grant For Independent Contractors
Any updates on the EIDL emergency grant will be posted here and the post will be updated regularly.Update April 21: Even though I put 0 employees, I got $1000 from the SBA EIDL program! Here is the timeline:March 31: applied for EIDL program (with application number 544xxx)April 19: SBA pulled my personal credit reportApril 21: $1000 was deposited into my account from SBA … [Read more...]
Lyft and Uber Drivers Can Get a Federal $10000 Emergency Grant
This is probably a bad day to post this, but this is not an April fool’s joke. This post is 100% factual and possibly the most important post I have ever made.Update on April 21: The EIDL program is no longer accepting new applications. For those who applied may get $1000 even if they claimed 0 employees for their business. Read the status update below for more … [Read more...]
Can Lyft or Uber Drivers Claim Unemployment in 2020?
Unemployment benefits are usually paid out to workers who receive a W2 at the end of the calendar year. Employers typically pay into the state unemployment fund as part of their own payroll tax and this funds the state's unemployment benefits.As more and more Lyft and Uber drivers become full time drivers, they lost their W2 jobs and solely rely on self employed … [Read more...]
How Uber Drivers and Lyft Drivers Navigate the Corona Virus
The corona virus has affected many parts of our daily lives. Many people are sheltering in place and eliminating travel anywhere besides work and grocery stores. The lack of travel is hitting the travel industry and restaurant industry. Hotels and restaurants are furloughing their staffs. Schools are closed and most people are working from home. Daycare centers are starting to … [Read more...]