Can Receiving a $20,000 loan affect my SSI benefits?

Hi. Yes. Supplemental Security Income (SSI) is needs based, and you can't qualify for SSI payments if you have countable assets in excess of $2,000. The SSI rules are complex, though, and the actual effect that receiving a loan of $20,000 would have on your SSI eligibility would depend on what you do with the money. You should discuss your plans with Social Security to get a more personalized answer to your question.

By the way, Social Security benefits are not needs based, so receiving a loan of any amount wouldn't affect a person's Social Security benefits.

Best, Jerry