In response to the economic fallout caused by the COVID-19 pandemic, the Small Business Administration (SBA) has approved a grant program specifically aimed at independent contractors. The SBA Independent Contractor Grant 2021 aims to offer much-needed financial support to self-employed individuals who have been hit hard by the pandemic`s economic impact.
What is the SBA Independent Contractor Grant 2021?
The SBA Independent Contractor Grant 2021 is a program that provides financial assistance to eligible independent contractors. The grant offers up to $1,000 per individual and can be used for things like rent, utilities, and payroll. The program is part of the larger Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law in March 2020.
Who is Eligible for the SBA Independent Contractor Grant 2021?
To be eligible for the SBA Independent Contractor Grant 2021, individuals must meet certain criteria. First, they must be self-employed or an independent contractor. Second, they must have suffered a financial loss due to the COVID-19 pandemic. Third, they must have filed a tax return for 2019 or 2020. Finally, they must be a U.S. citizen or legal resident.
How to Apply for the SBA Independent Contractor Grant 2021?
To apply for the SBA Independent Contractor Grant 2021, individuals must go through the SBA`s website. The process is relatively straightforward and involves filling out a few forms and providing some basic information. Once the application is submitted, applicants will be notified if they are approved. If approved, the grant money will be deposited directly into the applicant`s bank account.
Conclusion
The SBA Independent Contractor Grant 2021 offers much-needed financial assistance to independent contractors who have been hit hard by the economic impact of the COVID-19 pandemic. Eligible individuals can receive up to $1,000 in financial assistance, which can be used to cover expenses like rent, utilities, and payroll. The application process is quick and easy, and interested individuals can apply through the SBA`s website. If you are an independent contractor who has suffered a financial loss due to the pandemic, then the SBA Independent Contractor Grant 2021 may be worth considering.