Disaster SBA loan for Short Term Rental losses?
I have had over $12,000 in losses from cancellations where airbnb broke short-term rental contract terms and conditions (strict policy 1 week before check-in, 50% before). The guests should have been offered travel insurance, like homeaway does, but instead airbnb made the hosts bear 100% of the burden of this pandemic and its impact on rentals. Lawsuits are pending.
Has anyone successfully used a Disaster SBA loan and does it apply to only to LLCs or can apply if your taxes show on Schedule C or E?
Any guidance is much appreciated!
Cheryl