Freelancers, gig workers (e.g. Uber drivers), sole proprietors, even professionals like doctors and lawyers can receive an extra $1,000 in 15 minutes it takes to complete a simple online application. It’s part of the SBA’s Economic Injury Disaster Loan Program.
Unfortunately, many people who need this money most don’t even know there is an extra free $1,000 for them. That’s because it’s “hidden” within the aforementioned SBA’s low-interest “disaster loan” application. You can still get the free $1,000 even if you don’t want the cheap federal loan.
Here is what this is all about. Small business owners with losses due to covid can apply with the Small Business Administration for an Economic Injury Disaster Loan of up to $150,000. There is an option to collect a $1,000 grant per employee for up to 10 employees, or $10,000. This money is yours to keep and doesn’t need to be repaid.