New businesses, eligible nonprofit organizations, veterans organizations, tribal businesses as defined in the Small Business Act, and businesses operating independently or as independent contractors are eligible if they meet program size requirements.Quiqloans offers Los Angeles new business PPP loans to help small businesses. The Payroll Protection Program established by the CARES Act is administered by the Department of Business Administration with the support of the Ministry of Finance. The program provides new companies with funding to cover employee benefits for up to eight weeks. This money can also be used to pay rent, utilities, and interest on loans.