Drivers Can Be Qualified To Receive Business Help
SIGNIFICANT NOTE: at the time of April 27, the little Business management has resumed accepting new applications for the Paycheck Protection Program. The SBA is currently processing existing applications, and may reopen to new applications for the Economic Injury Disaster Loan Advance. We will help keep you updated even as we have actually brand brand new information.
In this time that is challenging Lyft motorists perform a vital part, linking individuals to important solutions and itemsвЂ”like health care, meals and medicine. We deeply appreciate your contributions to your communities, and additionally recognize that generating revenue may be hard at this time.
Beneath the CARES Act, the small company management (SBA) produced new programs to aid smaller businesses, including those people who are self-employed, single proprietors or independent contractors. Many drivers in the Lyft platform are self-employed or own their business that is own and meet the requirements.
These SBA programs are new whilst still being in development, generally there is just a complete great deal we donвЂ™t find out about how a programs will work and details may alter. We have been closely studying these developments, and can continue steadily to share updates according to our knowledge of the programs. Funds are restricted, therefore we're encouraging people who want to use to do this as quickly as possible.
There are two main programs available that may provide cash funds and forgivable loans to qualified motorists. Continue reading for lots more details, and you will additionally find information through the united states Chamber of Commerce and small company management.
Economic Injury Disaster Loan crisis Advance: chance of smaller businesses, including contractors that are independent self-employed individuals, to get a loan advance that doesn't need to be paid back.