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Coronavirus Government Assistance Programs

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Cheryl Dopp
  • Investor
  • Miami, FL
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Disaster SBA loan for Short Term Rental losses?

Cheryl Dopp
  • Investor
  • Miami, FL
Posted Mar 17 2020, 17:16

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

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