Supporting micro-entrepreneurs, small businesses, and non-profits across LA County
In response to the devastating effects that COVID-19 is having on the local economy, the County of Los Angeles and the City of Los Angeles, in partnership with institutional and corporate philanthropy, have come together to create the LA Regional COVID-19 Recovery Fund.
The regional fund will offer loan and grant resources to micro-entrepreneurs, small businesses, and non-profits.
Notice: Now Accepting New Applications for Economic Injury Disaster Loans and Advance
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan which includes an advance of up to $10,000.
This loan advance will not have to be repaid. The advance is $1,000 per employee.
On June 30 at 11:59 PM EDT, the deadline to apply for a Paycheck Protection Program loan passed.
To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you (the Borrower) may use the Form 3508EZ application or the PPP Loan Forgiveness Application as directed in the instructions, and submit it to your Lender (or the Lender that is servicing your loan). Borrowers may also complete their application electronically through their Lender. Links to both are below:
The Small Business Angel Fund is a unique, interest-free loan program for small essential businesses located in Council District 12.
To be eligible, businesses must be located in the Twelfth District, submit proof of 12 months of timely paid rent through March 2020, and have submitted an Economic Injury Disaster Loan Application to the U.S. Small Business Administration. The application for the Small Business Angel Fund can be found here.
The newly established Small Business Emergency Microloan Program now provides financing needed to strengthen small business enterprises in this time of acute need that have been affected by the COVID-19 outbreak.
The Los Angeles County Development Authority is here to help the County’s small businesses during this unprecedented time.
The loan can help you with:
- Employee payroll
- Payroll for employee sick time
- Working capital to continue operations
- Payment of outstanding business expenses
- Adaptive business practices needed to remain open
The SBFC helps businesses create and retain jobs, and encourages investment in low- to moderate-income communities.
Designed to encourage banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing.
Offering two emergency relief small biz loans:
$3,000 Emergency Loans Available
Crowd-Funding is a non-traditional way to raise debt-free funding for your business without having to give up equity. There are many options to do this, but below is a place to start.
SBDC - Small Business Development Center. Find your closest office and make an appointment and have someone guide you through your
LA County Business and Worker Disaster Help Center - Created to help businesses & employees get the information they need. Includes a business concierge service.
Business Source Center - The Los Angeles BusinessSource Centers provide startup ventures and current small business owners various cost effective tools to make their business a success. Through these tools, small businesses can grow and remain competitive within the City of Los Angeles. Most services are provided at NO COST to LA business owners and resident entrepreneurs.
San Fernando Valley Business Resource Guide
Greater San Fernando Valley Chamber of Commerce 7120 Hayvenhurst Avenue, Ste. 114 Van Nuys, CA 91406 US
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