L2 EAD Contractor PPP Loan

[Anshul Bhatia]

Hi, I on on L2 EAD working as a 1099 contractor. My EAD expires in September post which I will move to H4. Can I apply for the PPP loan right now? (1099 contractors are eligible for PPP loans)

Thank you

[JonathanGill]

Have you managed to apply?

[meierson]

Hello. Recently, I was unable to get a personal loan from a bank with the same initial data as yours. I work as a 1099 contractor. My term of employment expires in December. I have applied because I needed money urgently, and they gave me the right amount. In addition, they have quite favorable conditions and it is much easier to get a loan than in a bank. Now I'm taking part-time jobs to pay off the debt as soon as possible, but now I know where I can turn if I urgently need a personal loan again.

[jenniferdehner]

Hello. Recently, I was unable to get a personal loan from a bank with the same initial data as yours. I work as a 1099 contractor. My term of employment expires in December. I have applied because I needed money urgently, and they gave me the right amount. In addition, they have quite favorable conditions and it is much easier to get a loan than in a bank. Now I'm taking part-time jobs to pay off the debt as soon as possible, but now I know where I can turn if I urgently need a personal loan again.

Thanks for the information. Yes, it may be easier to get a loan from them than from a bank, but does this mean a higher interest rate. I've always found it interesting.

[kattyjack]

With the same basic data as yours, I was unable to obtain a personal loan from a bank. As a 1099 contractor, I work on a project-by-project basis. My contract with the company ends in December. I applied because I needed money right away, and they provided me with the appropriate amount. Furthermore, they offer very beneficial terms and it is much easier to obtain a loan than it is in a bank. Now I'm working part-time jobs to pay off the debt as quickly as possible, but I know where I can go if I ever need another personal loan.