single policy that screws over entrepreneurs, artists, musicians, independent contractors, gig workers. pretty badly.https://twitter.com/realEstateTrent/status/1473043325125115911 …
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Replying to @DanielleFong
This is not even remotely close to true. The only obstacles to lending if you are an independent contractor is your track record and credit, and those absolutely exist for salary employees too.
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Replying to @seatripper1 @DanielleFong
And I say that as 1099 entrepreneur that makes bank and has zero difficulty managing LOCs for a business. If you have a shitty business model or are Googleable as a socialist hippie, no one is going to lend to you, but that's not about income structure. You are just a bad bet.
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Replying to @seatripper1
if you can show consistent revenue there are options, but it again is a major common problem for professional artists and musicians and i’m surprised you haven’t heard about it.
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Replying to @DanielleFong
Those are not normal lines of business, and frankly, not what are normally regarded as contractors. A business is about cash flow. Lending is about future cash flow.
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independent contractor as a term has been expanded legally to include gig workers, models, actors, etc. it’s widely used! i don’t dispute that if you own idk a long running successful hardware business, banks will lend to you.
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