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How To File For The SBA Loan & $10K Grant As An Airbnb Host
Description
Myka walks through exactly how to apply for the SBA Economic Injury Disaster Loan and the $10,000 grant as a short-term rental host during the COVID-19 shutdown. He shares the specific forms his CPA had him fill out - the business loan application, economic injury supporting documents, personal financial statement, tax transcript request, schedule of liabilities, and additional filing requirements - and explains line by line what to enter, including how to calculate losses from Airbnb's March 13th cancellation wave.
He covers critical details: use your EIN instead of your social if you want to keep it business-only, report every single cancellation as a loss even though Airbnb shows zero, compare your 2019 revenue to 2020 projections to document the gap, and upload all documents at once with a spreadsheet of every property address so the SBA doesn't come back asking for more paperwork and knock you out of line. The episode is a screen-share tutorial aimed at organized hosts who can pull tax returns and revenue numbers quickly.
Work with us. Interested in professional management or consulting?
Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
All our links: linktr.ee/liveletthrive
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