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COVID-19 Airbnb financial assistance nASHVILLE
How to get $10,000 in financial assistance for your rental from the EIDL loan under the CARES Act
Nashville is a community that relies heavily on the tourist industry. We were devastated by the tornado, and now face more economic hardship with closures due to COVID-19. Many of us have lost our jobs and have also lost our secondary source of income, the rental income we derivive from our Airbnb's and rental properties.
The CARES Act allows people who have Airbnbs (or other rental property) to get financial assistance. Although the EIDL loan is a loan, the first $10,000 is an advance that you do not have to pay back if you use the loan for things like mortgage payments. If you have an Airbnb or other rental and need assistance with the EIDL application, contact Silva Law at meredith@msilvalaw.com
It is advised that these applications be completed as soon as possible as those that apply first are more likely to get funding.
We are here to help.