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PPP Loan Update

8055 Views 78 Replies 17 Participants Last post by  AllenChicago
So April 10th is here and it's the turn for independent contractors to apply.

Unfortunately, almost every bank requires a business relationship or previous loan activity. I have Chase and I cannot apply without a business bank account.

I found a bank that it appears will accept applications without you being a previous customer or having a business account! Best of luck to all of us.

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Requested loan amount is an interesting question.
I think many Lyft/Uber drivers are confusing the PPP program with the EIDL (up to $10k grant) program.

This is the $10K Grant program that can be applied for via the Small Business Administration website.
I was talking about the PPP when you start the application there is question how much you'd like to get whereas with EIDL is up to $10k. No confusion here at least for me. I was curious how much do you guys ask for.
To my knowledge is a good idea to upload tax return for 2019. At least this is what Chase requires, I doubt will be any different through Veem.
Did you really entered $1750 as loan requested amount or just messing with us?
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