SBA Relief for Commerical Agents?
Hi all,

&amp;#x200B;

I'm just wondering if anyone has heard of or received any information on whether the SBA will assist independent contractors during this time. Everything that I have found is primarily geared towards owners of independent contracting businesses, but have not found anything that directly assists 1099'd agents working for a brokerage. Thanks!
[{"id": "fmv32px", "text": "Fill this out on the 10th\n\nhttps://covid19relief.sba.gov/#/\n\nYou can get 10K as a loan that will be forgiven.", "replies": [{"id": "fmve846", "text": "Thank you, this is what I uncovered as well, but was halted at the \"Business Owner\" section. Did you receive your broker's information for it?", "replies": [{"id": "fmvxvc2", "text": "Apply as a sole proprietor. As a 1099 contractor, you're the owner of your business.", "replies": [], "depth": 3}], "depth": 2}, {"id": "fmvycib", "text": "Forgive the ignorance, but why on the 10th instead of ASAP?", "replies": [{"id": "fmx0coa", "text": "I was told the loans wont be open to 1099s until the 10th", "replies": [], "depth": 3}], "depth": 2}, {"id": "fmw8vcm", "text": "Just to clarify, they adjust this so it's $1k per employee up to $10k. So, if you're a self-employed sole proprietor, then you may be eligible for $1k.\n\nSource: [https://content.govdelivery.com/accounts/USSBA/bulletins/284f240](https://content.govdelivery.com/accounts/USSBA/bulletins/284f240)", "replies": [{"id": "fmwoo3e", "text": "That's true. They hyped the 10k up front, but then added the per employee restriction.", "replies": [], "depth": 3}], "depth": 2}, {"id": "fmwn774", "text": "I just applied using this link. It's very straight-forward. Also applied for UI via CA's online system. Also easy. Good luck to everyone", "replies": [], "depth": 2}], "depth": 1}, {"id": "fmv4xnq", "text": "I wish, but feast or famine is what we sign up for.", "replies": [], "depth": 1}, {"id": "fmverg5", "text": "\"Everything that I have found is primarily geared towards owners of independent contracting businesses\"\n\nHello... That's what you are... If you receive a 1099 and not a W2,  You are an independent contractor... (Sole Proprietor for tax purposes if you have not created another legal entity)     Look at your tax return... you file a Schedule C... profit or loss from business. You are applying for yourself. Not your broker.", "replies": [], "depth": 1}, {"id": "fmxud6w", "text": "First, the terms independent contracting business and independent contractors are used interchangeably. The info. below is as I understand it after researching the CARES Act with regard to independent contractors. You may qualify for several types of assistance:\n\nSBA Economic Injury Disaster Loan (EIDL) advance of $10,000. This loan will be forgiven. If you do not qualify for the SBA loan, you will NOT have to repay this advance. [https://www.sba.gov/page/disaster-loan-applications#section-header-0](https://www.sba.gov/page/disaster-loan-applications#section-header-0)\n\nSBA Paycheck Protection Plan (PPP). If funds are used according to the guidelines this loan will not need to be repaid. (Figured by your annual payroll -or 1099 income, office rent &amp; utilities divided by 12 x 2.5%). Must be applied for with a SBA lender. \n\nState and federal unemployment benefits (now available to independent contractors)- whatever your state offers PLUS $600/wk. for next 8 weeks from federal funds. Apply with your state.", "replies": [{"id": "fn8dpfu", "text": "Hey - I work a full time job AND and a 1099 employee for someone else.  I have NOT been laid off of either job, and for now my 1099 payroll will continue to come in (yes, the guy may stop paying me eventually if his revenue declines but I'm ok for now). \n\nHave you seen anything saying whether I would qualify for the PPP loan and EIDL grant based on this? I haven't seen anything about if you have another job impacts your ability to apply, and if your wages have to have been already impacted. \n\nAlso, lets say I get the 2.5x my monthly income for the PPP loan - I'm just using that for day to day stuff and it is covering wages, so how do I then prove down the line it was used for my wages? Just confused as heck right now so any info you have would be great. \n\n&amp;#x200B;\n\nThanks!", "replies": [], "depth": 2}], "depth": 1}]