@Ray-And-Lisa0 I'm not going to debate Airbnb's policies with you - that's not up to me.
I tried to post something helpful for you. Everyone's situation and business structure are going to be different, depending on how you operate your listing.
A sole proprietor filing a schedule c is a specific tax scenario/business structure scenario under tax law. Your tax advisor ought to be able to explain that to you better than I can.
What I do know is that PPP and EIDL go through underwriting, since they are, in fact, loans (whether or not a portion of the loan is forgiveable).
I've heard of a number of cases where people filed applications that were eventually rejected because they may have made it through the bank application process, but failed later under the specific program requirements, because the documentation wasn't sufficient to support the loan request.
In any event, it's Treasury and Congress that determine the program rules, not Airbnb. Just lobbying is not a guarantee that any one set of rules makes it into the final legislation. EIDL was designed to be the place to go for people ineligible for PPP. Folks here in the forum are now reporting they have received some funds through EIDL.
https://www.cnbc.com/2020/04/14/self-employed-and-need-a-ppp-loan-you-should-wrap-up-your-2019-taxes...
"Exactly what banks will need will vary from one lender to another, but here’s a starting point of documents for independent contractors and the self-employed, per Vlietstra, Peterson and Treasury’s guidance:
- Completed income tax returns for 2019, including Schedule C.
- Forms 1099-MISC that spell out compensation you’ve received.
- Invoices, bank statements or a book of record that establishes you are self-employed and in operation on or around Feb. 15, 2020.
- Bank statements that show income paid to you.
- Got employees? Forms 941 and 940, which show Social Security and Medicare taxes withheld and payments toward unemployment, respectively.
- Proof of health-care and retirement plan contributions."
Sorry to break it to you, but trying to negotiate the rules of the PPP program in the community forum won't move your application forward with the SBA.