![]() What does it mean to be in a low income community? How do you know if your business is located in a low income community? Is it different for an independent contractor with gig economy apps like Doordash, Uber Eats, Lyft, Instacart, Grubhub or any of the others? ![]() 3 Steps: How to tell out if you qualify as being in a low income community under EIDL requirements You can learn more here about the 30% economic loss qualification. This article focuses on the low income community qualification. Your business has to be located in a low income community.Your business has to demonstrate a 30% or greater loss of income due to the pandemic.Under this new round of funding, many contractors can apply for a second EIDL grant. That was the advance that was given when businesses applied that doesn't have to be repaid. In the original round of EIDL loans, independent contractors were able to take advantage of a $1,000 grant. That's because the EIDL has added a couple of qualifications. The new stimulus program, signed into law in the last days of 2020, reopens the door for some aid for independent contractors such as with Doordash, Uber Eats, Lyft, Instacart, Grubhub etc.īut it also has contractors scrambling to figure out how to tell out if they're in a low income community.
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