COVID-19 Small Business Resources

LOS ANGELES COUNTY

FOUND/LA Small Business Recovery Fund

Organization in partnership with in partnership with Pacific Community Ventures and TMC Community Capital to provide grant funding to small businesses in LA County. Eligible business owners based on the criteria specified in the FAQs can apply for grant support. Applicants will submit complete applications and required documents. Those who meet the eligibility requirements will be entered into a pool of eligible applicants. On designated selection days, grant recipients will be randomly selected from this pool until all funds are expended. The size of the grant will be between $5,000 and $25,000 depending on the size of the business.


Grants vary in size depending on the size of the business. Round 3 will open 2/15/21 and close on 2/21/21. Round 4 will open on 3/15/21 and close on 3/21/21.

Small Business Stabilization Loan Program

The Los Angeles County Development Authority has launched an affordable and flexible business loan program to support and help stabilize businesses in the region. Small Business Stabilization Loans range from $50,000 to $3 million, and can be used for working capital, equipment purchases, inventory, or refinancing of existing loans at higher interest rates.

PPE Unite

The County is offering a 30 day supply of free PPE while supplies last.

Safer at Work Campaign

Safer At Work provides resources designed to help businesses across the County communicate to their employees and customers the critical steps they are taking in order to operate as safely as possible during the COVID-19 pandemic. Collateral, posters, and digital graphics for use in your business, on your website, and across social media channels.

LISC Small Business Relief Grants

LISC provided Covid-19 relief grants and loans to small businesses.

Applications for grant funding have closed, but they plan to open a small business loan program in 2021. Sign up to receive updates.

LAEDC LA Covid-19 Community Connectory

Provides crucial updates and information for small businesses and individuals financially recovering from COVID-19

LA County Disaster Help Center

Please explore for additional resources.

Prosper LA

The County is seeking innovative ideas from County employees, residents, businesses, nonprofits, and the community to assist businesses, streamline contracting processes, and identify potential cost-savings.

 

This effort is part of the County’s roadmap to economic recovery from the impacts of the COVID-19 pandemic.

NATIONAL / FEDERAL

Second Draw PPP Loans

SBA, in consultation with the U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) for First Draw PPP Loans the week of January 11, 2021. SBA began accepting applications for Second Draw PPP Loans on January 13, 2021. SBA is currently accepting Second Draw PPP loan applications from participating lenders. Lender Match can help connect you with a lender. You can also view all lenders near you on a map.


At least $25 billion is being set aside for Second Draw PPP Loans to eligible borrowers with a maximum of 10 employees or for loans of $250,000 or less to eligible borrowers in low or moderate income neighborhoods.

PPE E-Z Loan Forgiveness

Did you receive a PPP loan? Have you applied for PPP loan forgiveness yet?The Small Business Administration (SBA) released several updates you should be aware of as you prepare to apply for loan forgiveness. SBA released a PPP EZ loan forgiveness application.

You are eligible to fill out the EZ Forgiveness Application (pdf) if you meet one of the following criteria:

  • You are self-employed and have no employees;

  • You did not reduce the salaries or wages of your employees by more than 25% and did not reduce the number of hours for your employees;

  • or You experienced reduction in business activity as a result of health directives related to COVID-19 and did not reduce the salaries or wages of your employees by more than 25%.

SBA Economic Injury Disaster Loan

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are able to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid. Recipients do not have to be approved for a loan in order to receive the advance, but the amount of the loan advance will be deducted from total loan eligibility.

SBA Debt Relief

As part of our coronavirus debt relief efforts, the SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and Microloans disbursed prior to September 27, 2020. This relief is not available for Paycheck Protection Program loans or Economic Injury Disaster loans. Borrowers do not need to apply for this assistance.

SBA Express Bridge Loans

Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

C-19 RECOVERY LOAN – up to $250,000 – for businesses in California. Arizona, Nevada, Washington DC, Detroit, Mi and Houston, TX

Businesses in California, Arizona, Nevada, Washington DC, Detroit MI and Houston, TX; For-profit small businesses whose operations, revenue and staffing have been disrupted due to COVID-19; Businesses impacted by COVID-19 that need funding for working capital and inventory; Businesses that are fully or partially operational who are in compliance with state and local COVID-19 regulatory requirements.

Paycheck Protection Program

The CARES Act included $349 billion for the Paycheck Protection Program (PPP). The PPP is a Small Business Administration (SBA) loan designed to help businesses keep their workforce employed during the Coronavirus crisis. Small businesses with 500 employees or less, as well as non-profits and sole proprietors, are eligible to apply for up to $10 million in forgivable loans at participating lending institutions.

NASE Growth Grants

Funded by the National Association for the Self Employed (NASE) these grants provide $4,000. NASE members can apply for these small business grants, which can be useful for financing a particular small business need. Past recipients used the growth rants for computers, hire part-time help, marketing materials, website creation and more. Must be a NASE member to apply (annual membership costs $120).

STATEWIDE / REGIONAL

California Rebuilding Fund

Application is now closed as of 2/11/21. Sign up to be notified if it reopens.

The California Rebuilding Fund has been created to aggregate funding from private, philanthropic, and public sector sources – including an anchor commitment from IBank – to address the capital and advisory needs of California’s small businesses as they re-open and recover from the COVID-19 health and economic crisis. The California Rebuilding Fund is intended to serve the smallest of small businesses that make up an essential part of the California economy.

State Assistance for Small Businesses ($500M in grants)

Application is now closed as of 2/11/21. Sign up to be notified if it reopens.

Governor Newsom announced a package of assistance for small businesses impacted by COVID-19, including $500 million in grants. Governor has asked to proposed immediate legislative action on a $575 million request for additional funding.

Small Business California Disaster Relief Loan Guarantee Program

The Small Business Finance Center (SBFC) partners with Financial Development Corporations to provide loan guarantees and direct loans for small businesses that experience capital access barriers. The loan guarantees provided for the Disaster Relief Loan Guarantee Program help to mitigate barriers to capital for those small businesses that do not qualify for federal disaster funds, including businesses in low-wealth and immigrant communities.

List of Microloans for Small Businesses

This website has a list of organizations that are offering microloans to small businesses and entrepreneurs. It will be regularly updated throughout COVID-19. It also has a list of other business resources, including relief funds and places to find technical guidance and support

California State Small Business Support

List of Resources, Tax Relief and other information.

California State Treasurer Fiona Ma's Small Business Resource List

This website has a comprehensive database of local, state, and federal resources available to individuals, nonprofits and small businesses in California. Each entry has the name of the program, a short summary of what the program is offering and what kind of organization or individual is eligible to apply or access the services, the link to access their website and any contact information that is available. It includes resources for groups that might not be able to find funding of help elsewhere.

LOS ANGELES CITY

City of Los Angeles Small Business Loan Program

EWDD designed the Small Business Loan Program in order to provide financing to viable small businesses that private lenders cannot accommodate. The ultimate goal of the Small Business Loan Program is job creation and the borrower is required to create jobs in the City of Los Angeles. Applications are available upon request. For more information, please contact Alex Lakshtanov, EWDD Industrial and Commercial Finance Officer, at 213-744-9368 or Alex.Lakshtanov@lacity.org

City of Long Beach Emergency Microloan Program

The Emergency Microloan Program is designed to support Long Beach businesses and non-profits with 5 or less employees that have been financially burdened by the COVID-19 public health emergency. Loan amounts range from $2,500 to $10,000 with an interest rate of 2.44 percent. Loan proceeds may go toward business expenses, such as personnel, rent, supplies/materials, utilities, professional services, and more. Funding is subject to availability and submittal of a loan application does not guarantee funding. To get started, potential borrowers must sign-up for an appointment with the Small Business Development Center (SBDC) at longbeachsbdc.org or by phone at (562) 938-5100.

Small Business Angel Fund

Councilmember Bob Blumenfield’s Office (LA CD3) is partnering with The Change Reaction nonprofit organization to offer interest-free loans $5,000-$25,000 to small businesses in Reseda, Tarzana, Winnetka, Woodland Hills, and Canoga Park that meet the following profile: 15 or fewer employees, under $1 million in annual revenue, and have remained open in some capacity during Safer at Home mandate. Required: provide proof of rent payments for the 12 months ending March 31, 2020, evidence of submission of COVID-19 Economic Injury Disaster Loan Application (applicant need not have received funds). For applications assistance, please contact Kevin Tamaki at 310-266-3284 or kevin.tamaki@lacity.org

Council District 12 Small Business Relief Fund Loan Application

Funding for the CD12 Small Business Relief Fund is made possible through a generous donation from Greg and Jodi Perlman of The Change Reaction, in partnership with Councilmember John S. Lee. This program is open to essential businesses located in Council District 12. To be eligible, businesses must be currently open and operating or will be able to open upon receipt of the loan

AFFINITY / INDUSTRY-SPECIFIC

AmPac Small Business Loan Program (CDFI)

AmPac Community Development Financial Institution (CDFI) loan program is ideal for women, minorities and veteran business owners. Loans feature more flexible debt coverage ratios than traditional lenders, lower credit score considerations for explainable credit issues and a documented course of action, finance start-ups with good business plans and projections, up to $100,000 loans available for those that qualify under the CDFI program. All business owners that AmPac serves through its CDFI product will be offered technical assistance in conjunction with SBA partners including the Women’s Business Center, the SBDC and SCORE. See link above for more details.

Asian, Inc. COVID-19 Emergency Business Aid

广东话联邦小企业资源和员工

IFundWomen of Color - Caress

The go-to funding resource for diverse, early-stage entrepreneurs. IFundWomen of Color was created with our founding partner Caress to help diverse entrepreneurs bring their dreams into reality through raising capital via crowdfunding and providing grants, coaching, and the connections needed to launch and grow successful businesses. Supporting businesses through grants and coaching, the program will begin with $500,000 in immediate relief to support 200 women of color entrepreneurs already in the IFWOC community. Join the IFWOC community to be qualified for relief funds.

Food and Beverage Investment Fund for Black and Indigenous Americans

Applications are closed, but please sign up to receive information if a new round of applications open.

To help create a more equitable industry for communities that are disproportionately impacted by systemic racism and in acknowledgment of the immeasurable contribution that these two communities have made to the modern American foodscape, the Foundation is launching The James Beard Foundation Food and Beverage Investment Fund for Black and Indigenous Americans to provide financial resources for food or beverage businesses that are majority-owned by Black or Indigenous individuals.

Southern Smoke Foundation

Applications are closed, but please sign up to receive information if a new round of applications open.

Southern Smoke Foundation provides funding to individuals and businesses in the food and beverage industry who are in crisis.

On the Line – A publication from Toast

Additional restaurant resources, relief fund opportunities and support

California Restaurant Association, List of Restaurant Relief Resources

Guidelines and resources specific to business owners and employees in the restaurant industry affected by the coronavirus.

Musicians Foundation

Helps professional musicians who have worked five or more years in the U.S. by providing emergency financial assistance in meeting current living, medical and allied expenses. Applicants must be able to show that their music is or was their primary source of income.

Artists Fellowship

The Artists’ Fellowship provides emergency aid to professional fine artists and their families in times of sickness, natural disaster, bereavement or unexpected extreme hardship. Primarily serving artists in New York.

Crises Relief Grants for Arts & Culture Leaders

Ongoing basis – Sign up for newsletter to find out application details

Five organizations receive funding from the Andrew W. Mellon Foundation to re-grant to artists, culture bearers and other arts practitioners in the face of economic crisis.

California Lawyers List of Arts Emergency Resources

This website has a regularly updated list of funds for individual musicians, visual artists, performing artists, literary artists and artists involved with film, television and radio. It has a list of resources and funding programs for arts organizations and community action and resources to help the art and music community to manage the costs and impacts of the COVID-19 pandemic. It also lists mental health resources and advocacy help that might be useful to folks trying to manage the stress and impact of COVID-19.

CERF + (Formerly the Craft Emergency Relief Fund)

This website has a regularly updated list of funds for individual musicians, visual artists, performing artists, literary artists and artists involved with film, television and radio. It has a list of resources and funding programs for arts organizations and community action and resources to help the art and music community to manage the costs and impacts of the COVID-19 pandemic. It also lists mental health resources and advocacy help that might be useful to folks trying to manage the stress and impact of COVID-19.

The Adolph and Esther Gottlieb Foundation

The Adolph and Esther Gottlieb Emergency Grant program is intended to provide interim financial assistance to qualified painters, printmakers, and sculptors whose needs are the result of an unforeseen, catastrophic incident, and who lack the resources to meet that situation. Each grant is given as one-time assistance for a specific emergency, examples of which are fire, flood, or emergency medical need. To be eligible for this program, an artist must be able to demonstrate a minimum involvement of ten years in a mature phase of his or her work. Artists must work in the disciplines of painting, sculpture or printmaking. Average grant size: $5,000.

California Air Resources Board (CARB) Independent Contributor for the Heavy-Duty Vehicle Air Quality Loan Program

CalCAP supports loans made to small businesses to assist them in growing or maintaining their businesses. Loans in the Heavy-Duty Vehicle Air Quality Loan Program can be used to finance heavy-duty trucks (over 14,000 gross vehicle weight rating (GVWR)) equipped with engines certified to specified engine emission standards for 2010 and newer model year engines. The engines can use diesel fuel, compressed natural gas (CNG), liquefied natural gas (LNG) or other fuels, including zero emission technology. In addition, Equipment Warranty is eligible for enrollment when funded with the purchase of an eligible tractor.

Los Angeles LGBTQ Chamber of Commerce

Provides financial, operational, and healthcare resources for LGBTQ small businesses and nonprofits.