Surviving a global pandemic as a 1099 worker has been nothing short of tough for many of us. With market uncertainty and restrictions changing frequently, some of us have suffered financial issues. The good news is that most of us believe that the pandemic will pass and normalcy will return at some point. The hard part is keeping your business alive while the world gets back on track. If you are a 1099 individual, you can get a loan. PPP loans are available for 1099 incomes. If you can jump through the hoops and dedicate the time to apply, you absolutely should. PPP loans are designed to help self-employed individuals with 1099 income survive a global pandemic. However, you may need more than just a PPP loan. Before you apply for a loan, you should understand how much income your 1099 states. As an individual with business expenses, you probably write off expenses. Therefore, your gross income and net income will probably be different. As a W2 employee, lenders may ask for gross income because they know a very good estimate of what your actual take home is. However, as a 1099 individual, a lender may focus more on your gross and net combined. In some cases, self-employed individuals try to avoid taxes by making their expenses much higher than they actually are. If you have been doing this it may interfere with your ability to get a loan. Here are some other ideas you may need to consider: Personal Loan: If you can prove 1099 income and have a good credit score, you may be able to qualify for a personal loan. Personal loans can provide individuals with cash. Once the loan is funded, you can spend the funds however you need to. Whether you intend to use them for business or personal expenses, you don't have to disclose where every dollar goes to the lender. Personal loans offer fixed monthly payments which can make them easy to manage. However, you will have to pay the money back. You should try to get a PPP loan before applying for a personal loan. Home equity loan: you own a home and have equity in it, you may be able to qualify for a home equity loan. A home equity loan can provide a lump sum of cash, similar to a personal loan. The difference between the two types of loans is that one is secured by collateral and the other is not. A home equity loan requires you to borrow against the equity in your home. This can be risky. If you default on a home equity loan, you risk losing your home. Before taking a home equity loan, you should apply for a PPP loan. If you don't qualify for a PPP loan, you should then consider a personal loan before a home equity loan in most cases.