So I wonder. I have rental properties and some of my renters will not be able to pay rent for a while, but I still have to pay the mortgages, would I be eligible?
That’s a good question. I don’t think the PPP program would cover more than your salary (if you have been paying yourself one), the salary you pay employees (if you have any), and, subject to the caps explained at the website, the rent/utilities for the location out of which you do business. I haven’t really focused on understanding the other programs well enough to even guess. But you would need to check with the SBA to be sure.
>>>I have rental properties and some of my renters will not be able to pay rent for a while, but I still have to pay the mortgages, would I be eligible?
I don’t know if you are eligible for PPP, but your lender will likely offer a forbearance that means you will not have to pay on your mortgage for several months. It’s worth a call, though you might be on hold for a while.