Stimulus Loans For Real Estate Agents

House at 9 a m.

Stimulus loans for real estate agents. Markets started wednesday with a burst of optimism as a 2 trillion stimulus deal had been reached between the white house and congress. Click to get started agent stimulus assistance program. You can apply directly through the small business administration.

Learn critical details of the benefits offered to real estate agents including. There are 2 programs that we can take advantage of as real estate agents that allow us to continue to operate despite what s going on. Massive stimulus package has limited upside for real estate u s.

What the 2t stimulus package means for you. The senate passed a 2 trillion covid 19 economic relief package wednesday night with overwhelming bipartisan support. Canadian real estate agent among.

The stimulus package also makes new loans available to support realtors and other small businesses. The bill now goes to the u s. Kohler a notable cpa and attorney provided viewers with an understanding of how the stimulus package works and how it will provide assistance to real estate agents.

Stimulus gives brokers lifeline but may not be enough for deluge of unemployed. It has two loan programs for small businesses with 500 employees or less. These loans are being funded through the first stimulus package initiated by the federal government to provide financial assistance during the coronavirus crisis.

Under the program businesses with fewer than 500 employees and self employed workers can borrow up to 10 million to cover rent payroll mortgage utility and other payments a portion of which may be forgivable. For real estate agents most of whom are independent contractors it appears the stimulus package would extend unemployment benefits to gig workers and freelancers while increasing unemployment assistance to 600 per week for four months. Economic injury disaster loan eidl payroll protection plan ppp because of the new legislation independent contractors and sole proprietors now qualify to take advantage of these programs.