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Can a yellow cab medallion owner also apply for this loan ?
The information below can be found here along with more help for @nyctaxi drivers: https://www1.nyc.gov/site/tlc/drivers/coronavirus-information.page …
“Taxi Loan Assistance: Multiple lenders are working with borrowers to lower or stop collecting monthly loan payments....”
“...We are encouraging all lenders to take similar action to support taxi owners. Please contact your lender to learn if you are eligible for relief during the health crisis.”
Thank you sir I am working with my lender they are going to put my mortgage on vacation. But since yellow cab drivers can’t file unemployment or no clear direction whether they qualify.Therefore if they can get benefited from SBS loan to survive during Covid-19 crisis will help.
Check the newly signed CARES Act. It provides Unemployment Insurance for those in the ‘gig economy’ as well as the SELF-EMPLOYED, which should cover yellow cab drivers. I think ...
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