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How a Federal Stimulus Could Help LA's Small Businesses During the Pandemic

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A sign in front of Broguiere's dairy announces that the business is closed until further notice. screengrab from KCAL Los Angeles
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If you own or work for one of California’s nearly four million small businesses, we know you're hurting right now. But help is on the way in the form of a massive $2 trillion stimulus package, which Congress approved today.

The stimulus contains $349 billion in loans to small businesses and nonprofits with less than 500 employees. People who are self-employed or gig workers also qualify. These loans can be forgiven if business owners use the money to keep employees on the payroll, rehire laid-off employees, or pay their rent, mortgage, utilities or any other business-related debts.

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