If you’ve been trying to understand whether your small business can benefit from COVID-19 small business relief loans such as PPP or EIDL you may find yourself overwhelmed. Paycheck Protection Program loans and Economic Injury Disaster Loans are often confused with each other, and confusing in and of themselves. Instead of reading yet another article that leaves you scratching your head, you may want to try listening to one of these podcasts and other interviews where I break these down and make them easier to understand.
Need Cash Fast? Learn more about MCAs and if they are a good fit for your business.
Although they aren’t all podcasts, the following interviews can help. Keep a couple of things in mind when you watch or listen:
- Each day may bring new guidance and information from the SBA, so keep in mind that there may have been some changes in guidance since the date these aired. Nevertheless, overall these programs have not changed significantly and these podcasts should help you understand which programs may be helpful to you. Keep up with our latest content on the Nav COVID Resources Center.
- I’m not an attorney or tax professional. So use these to learn about the programs and then discuss them with your advisors.
Important: Congress is expected to allocate more funds to these programs today. Make sure you fill out your PPP application now.
Accelerate Your Business Growth with Diane Helbig
Diane Helbig covers a variety of small business topics in her popular podcast. It’s been recognized widely, including making Inc.com’s list of 100 Podcasts That Will Make You Smarter, Better, and the Fit Small Business list of best small business podcasts. Diane asked such great questions and I felt we were really able to discuss the important differences between EIDL and PPP.
Inspired Money with Andrew Wang
Andrew Wang has been named a top influential financial advisor by INVESTOPEDIA and his popular podcast has been named Forbes’ Top 10 Best Personal Finance Podcasts by Financial Advisors. He offers inspiring and actionable advice. I could tell in our interview that Andy has talked about these programs with small business owners as he asked direct and important questions that I’ve also heard from SMBs.
Youtube Interview With Barry Moltz
If you’re self employed and want to apply for PPP this ten-minute Youtube interview with small business expert Barry Moltz will help you understand what you need to do. It’s short and sweet and hopefully well worth your time!
Flourish to 7 Figures with Monica Louie
An expert in Facebook and Instagram ads, Monica Louie’s says her “business is about helping people who help people.” Monica has a friendly, approachable interview style that made me feel like I was grabbing coffee with a friend. We had an in depth conversation about CARES Act small business loan programs and how they can help entrepreneurs.
Peer2Peer Real Estate Investing With William Morales
Willie Morales is genuinely interested in helping his audience find success and it shows in the way he approaches his interviews. It’s clear he wants to be of service. We had a good conversation about PPP and EIDL and how they can help a variety of small business owners, including real estate investors. (Note the answer to the question we discussed, “Can Airbnb hosts apply for these loans?” appears to be, “yes!”)
The Small Business Advocate With Jim Blasingame
Jim’s been hosting a daily radio show for years and he’s known as one of the country’s top small business experts. So I was more than happy to spend time talking about PPP and EIDL on his show. He’s posted our interview online in two segments totalling about twenty minutes.
Facebook Live Interview with NFCC
This video is a Facebook Live with the National Foundation for Credit Counseling, a nonprofit organization that provides small business owners with financial coaching. We discussed resources and tools available that small business owners should consider if they have been impacted by the COVID-19 pandemic and are looking for financial assistance. The interview included a discussion of relief loans and much more.
The How of Business With Henry Lopez
A small business owner himself, Henry Lopez is an owner in multiple businesses of different types (frozen desserts restaurant, car wash, travel agency and others). Needless to say he’s well acquainted with the challenges small business owners are facing during this crisis. He invited me on his show to talk about small business loans for impacted businesses. Not surprisingly he asked really good questions about how to apply and how these programs really work.
The Kuderna Podcast
Hosted by Bryan M. Kuderna, author of “Millennial Millionaire”, syndicated financial columnist, and founder of Kuderna Financial Team, this podcast has been covering a number of fascinating topics related to coronavirus including, “The Economics of Pandemics” and “The Coronavirus and Where Does Money Come From?” I joined Bryan to talk specifically about The CARES Act relief programs for small businesses.
Home Business Magazine Podcast
Hosted by Richard “Capt’n” Henderson and Sherilyn Colleen, this podcast is aimed at home-based business owners and those who want to become one. Among the topics we talked about were which COVID-19 loans home-based businesses qualify for, and how to apply for a PPP if you are self-employed and do not have W2 employees.
Liz on Biz with Liz Theresa
Liz Theresa is a business owner and mentor to entrepreneurs. Her business creates websites and helps them grow through copywriting. She’s also host of a weekly podcast. Liz invited me to hop on a Facebook live to talk about PPP and EIDL. We had a good in depth conversation about these programs.
This article was originally written on April 23, 2020 and updated on July 2, 2020.