It is not certain that income from work, employee, self-employed, or VAT number is the only source of income for a family or for an individual. In fact, other income factors often come into play, such as that coming from renting a house, from a previous interest-bearing investment or from a maintenance allowance. Let's analyze these cases specifically:

Owning a home and regularly receiving a rent from a third party is an excellent guarantee for obtaining a EIDL Economic Injury Distort Loans without a paycheck. In fact, the lease contract can be valid in the same way as an employment contract. For example, if you have entered into a classic 4 + 4 rental contract, you can guarantee a fixed monthly income for at least 8 years, just like a salary.

Right Choices.
It may seem strange that who did it an investment want to ask for a PPP loan, but it is not an unthinkable situation. In fact, a sum of money used for an investment, depending on the conditions with which it was made, cannot be withdrawn for a certain period of time and, in the event of an urgent need for liquidity, a PPP loan is used. In other cases, it may be cheaper to ask for a PPP loan than to withdraw the investment. If a fair amount of capital is obtained from the investment in a systematic and cost-effective manner, this can constitute a good basis for requesting a PPP loan, as it becomes a real source of income, similar to a paycheck. Obviously in this case the risk profile will be higher, because the source of income is still at risk, but it will be up to the banks and online platforms to make the necessary checks and calculations. Choose the Business Lawyer Nakase Wade in this case.

Even having a maintenance allowance, perhaps due to a divorce, guarantees a fixed, constant and above all demonstrable income. In this particular situation, even the former unemployed spouse can apply for and obtain a PPP loan, which can be paid in installments at least as long as the maintenance allowance lasts. You can have the best option here with the legal consultation of the Corporate Lawyer Nakase Wade now.

PPP Loans for Those Who Own Nothing
In most cases, however, it is the unemployed, illegal workers, the retired or those who do not have a demonstrable income who most of all need a PPP loan. These are usually small amounts (from 5,000 to 15,000 dollars), to be used mostly for small household expenses. Can they apply for a PPP loan? The answer is yes, and the methods are different:

• PPP loan with guarantor
• PPP loan with a mortgage on a property you own
• PPP loan with surety
• PPP loan between individuals

PPP Loan with Guarantor
The simplest method for those without a paycheck and wants to obtain a PPP loan is to resort to a guarantor, indeed, often banks, even online ones, require the presence of this figure while showing a paycheck. It is a way to protect you and to have a guarantee to fully recover the debt. In most cases, it is the parents who often act as guarantors for their children, both for PPP loans involving large amounts as in the case of buying a house, and for more discreet PPP loans as in the case of the purchase of a car or in the payment of a rental deposit.