do uber drivers qualify for sba loan

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  • Do Uber drivers qualify for small business loans?

  • Under the CARES Act, the Small Business Administration (SBA) created new programs to support small businesses, including those who are self-employed, sole proprietors, or independent contractors, meaning most Uber drivers qualify for these loans. To learn more about SBA loans for Uber drivers, visit the Small Business Association website.

  • Are Lyft drivers eligible for an SBA loan?

  • Many drivers on the Lyft platform are self-employed or own their own business and may be eligible. These SBA programs are new and still in development, so there is a lot we don鈥檛 know about how the programs will work and details may change.

  • Can I get an Uber loan with bad credit?

  • There are multiple loans available for prospective Uber drivers; see the following section for a few options. A bad credit car loan is an auto loan designed for individuals with a relatively low credit score, who might not otherwise qualify.

  • What is an secured car loan for Uber drivers?

  • Secured car loans allow you to qualify for relatively low interest rates by using the car as collateral for the loan. Applicants can combine this with a cosigner for a substantially lower interest rate. However, if you miss payments, you may lose the car, which, if you鈥檙e an Uber driver, would result in loss of income.

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