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Need Answers About Federal Aid For Small Businesses? Here are some FAQs

Tables line an empty food court
The Fig at 7th shopping center's food hall is temporarily closed as California shuts down to fight the spread of COVID-19.
(
Chava Sanchez
/
LAist
)

One year ago, Congress defunded public media. Now that we're 100% community funded, please become a sustaining member or increase your existing membership today.

What is the difference between the Economic Injury Disaster Loan Program (EIDL) and the Paycheck Protection Program?

How can I find a list of banks that will lend me money?

If I’m an independent contractor/sole-proprietor. Can I apply?

Local Small Business Development Centers are fielding these questions and more in daily webinars this week. We sat in on one of them to get some answers for you.

READ MORE:

One year ago, Congress voted to defund public media, eliminating a critical $1.7 million from our budget every year going forward. But they couldn’t silence us, and we’re not going anywhere. LAist is now 100% community funded and that means we’re taking our future into our own hands and turning to you to keep local reporting strong.

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Senior Vice President News, Editor in Chief

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