Loan Information

LA Regional COVID-19 Recovery Fund

As businesses and non-profits across the Los Angeles region continue to face challenges in response to the public health and economic crisis of COVID-19, the County of Los Angeles, the City of Los Angeles, and philanthropy have partnered to deploy $3 million dollars in grants for small businesses, non-profits and microentrepreneurs in a newly launched LA Regional COVID-19 Recovery Fund. Click here to view the press release.

Applications for Round 4 are being accepted until September 4th, 2020. To apply, please visit:

For technical assistance on the application process, a series of workshops will be held before the application portal opens. Please click here for more information.

To view the flyer in your preferred language please click on the following:

Spanish (Español)
Chinese (中文)
Vietnamese (Tiếng Việt)
Korean (한국어)
Armenian ( հայերեն)

Hello Alice Business For All Grant

$250,000 in grants will be awarded to Business for All applicants, as a critical step towards tackling entrepreneurs’ single greatest barrier to growth: access to capital. Grantees will be selected by an esteemed council of leaders from across the business ecosystem, representing diverse organizations, industries, locations and demographics.

Grants Allocation

  • One grand prize winner will receive a $50,000 business grant
  • Two runners up will each receive a $25,000 business grant
  • Twelve finalists will each receive a $10,000 business grant
  • Three business / entrepreneur support organizations (nominated by you!) will each receive a $10,000 grant to continue their work in supporting business owners

Grants Eligibility

  1. Must be a legal resident of the U.S., excluding Puerto Rico.
  2. At least 18 years of age or older.
  3. Must be a legal for-profit business entity based in the U.S.
  4. Applicant must be the business owner who is the Founder and/or leading executive (President, CEO, CFO, COO, or any such other similar title.)

For more details, please visit:

Main Street Lending Program

The Main Street Lending Program is designed to provide support to small and medium-sized businesses and their employees across the United States during the current period of financial strain by supporting the provision of credit to such businesses. The availability of additional credit is intended to help companies that were in sound financial condition prior to the onset of the COVID-19 pandemic maintain their operations and payroll until conditions normalize. Small and medium-sized businesses are integral to the U.S. economy and create jobs for a large share of the U.S. workforce.

For more details, please visit:

Disaster Assistance Loans

SBA Logo

The U.S. Small Business Administration (SBA) is providing disaster assistance loans to small businesses impacted by COVID-19.

To apply, please click here:

Paycheck Protection Program (PPP) Loans (Currently Closed)

The PPP was added to the Coronavirus Aid, Relief and Economic Security Act (CARES Act) on March 27, 2020. The PPP provides cash-flow assistance through 100 percent federally guaranteed loans to employers who maintain their payroll during the COVID-19 crisis. If employers maintain their payroll, the loans would be forgiven, which would help workers remain employed, as well as help affected small businesses and our economy snap-back quicker after the crisis. You can apply for the Paycheck Protection Program (PPP) at any lending institution that is approved to participate in the program through the existing U.S. Small Business Administration (SBA) 7(a) lending program.

For detailed instructions and the application, please click here:

For more information, please click here:

For an updated FAQs, please click here: 

Local Initiatives Support Corporation (LISC) Small Business Relief Grant

Thanks to a $2.5 million investment from Verizon and a $1 million grant from Sam’s Club, LISC will provide emergency assistance to small businesses in need. LISC will focus these efforts on historically under served communities—especially those enterprises owned or led by women, minorities and veterans, which often lack access to affordable capital.

LISC will be offering grants of up to $10,000 each to small business owners to help meet their most immediate needs. Eligible expenses include:

  • Paying rent and utilities
  • Meeting payroll
  • Paying outstanding debt to vendors
  • Upgrading technology infrastructure
  • Other immediate operational costs

Please read the Grant Overview and FAQ for more information.

You may register here to be notified of grant rounds opening.

Transit Oriented Communities Small Business Recovery Loan Program

The Los Angeles County Development Authority (LACDA) launched the Transit Oriented Communities Small Business Recovery Loan Program, funded by LA Metro, to assist small businesses with the economic impacts from COVID-19. To give applicants more time to gather financial documents, the application portal will be open on Monday, June 8th at 12:00 p.m. until Friday, June 19th at 5:00 p.m. To learn about the Transit Oriented Communities Small Business Recovery Loan Program including how to determine a business’s eligibility, please visit Eligible Los Angeles County small businesses located within a ¼-mile of a Major Transit Stop could receive up to $20,000 in loan funds to cover operating expenses. Please use the online tool at to inquire if your business qualifies for this program. 

The U.S. Small Business Administration 

SBA Express Bridge Loans

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. SBA Express Bridge Loans enable small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. This pilot program allows SBA Express Lenders authority to deliver expedited SBA-guaranteed financing on an emergency basis for disaster-related purposes to eligible small businesses, while the small businesses apply for and await long-term financing. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster Loan.


SBA Debt Relief Program

SBA Debt Relief Program is providing financial reprieve to small businesses during the COVID-19 pandemic. 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. It will be automatically provided as follows:

  • For loans not on deferment, SBA will begin making payments with the next payment due on the loan and will make six monthly payments.
  • For loans currently on deferment, SBA will begin making payments with the next payment due after the deferment period has ended, and will make six monthly payments.
  • For loans made after March 27, 2020 and fully disbursed prior to September 27, 2020, SBA will begin making payments with the first payment due on the loan and will make six monthly payments.
  • SBA has notified 7(a), 504 and Microloan Lenders that it will pay these borrower loan payments. Lenders have been instructed to refrain from collecting loan payments from borrowers. If a borrower's payment was collected after March 27, 2020, lenders were instructed to inform the borrower that they have the option of having the loan payment returned by the lender or applying the loan payment to further reduce the loan balance after SBA's payment.
  • Borrowers should contact their lender if they have any questions regarding this payment relief.

For more information on the SBA Debt Relief Program, please visit: 

Los Angeles County Employer Assistance Grant Fund

The Los Angeles County Department of Workforce WDACS LogoDevelopment, Aging, and Community Services (WDACS) is providing grants to qualified business within Los Angeles County that demonstrate significant economic hardship as a result of COVID-19 in order to help them retain workers and remain in business during these challenging times. While the application review priority will be given to businesses in the unincorporated areas of Los Angeles County, all businesses located in Los Angeles County are encouraged to apply. In order to apply, the business must meet the following criteria:

  • Proof of economic hardship
  • Established on or before December 4, 2019
  • Have between 2 to 50 full-time employees
  • Open to for-profit corporations, partnerships, or non-profits with a for-profit activity in Los Angeles County

While the application portal is now closed, please click the link to be added to a wait list:

For questions and additional information, please email

Additional Finance and Loan Resources from the State of California

  • California IBank has low-interest and state-guaranteedIBank Logo business loans and microloans for small business borrowers who have been impacted by regional disasters and who need term loans or lines of credit for working capital. Additionally, I-Bank has a Small Business Finance Center (SBFC) which helps businesses create and retain jobs and encourages investment in low- to moderate-income communities.
  • The California Capital Access Program (CalCAP) for CPCFA LogoSmall Business encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. If you own a small business and need a loan for start-up, expansion or working capital, you may eligible for this program. CalCAP is a loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults. Loans are available up to $5 million.
  • JFLA logoJFLA Free Loan is here to help you or someone you know with a no fee and interest-free loan of up to $10,000 to cover: Small business losses; Lost wages because you can’t go in to work; Child care costs when schools are closed; Funds lost due to cancelled travel plans and more. To apply visit:

Other Non-Profit Lenders in LA County (this list is only a sampling) 

  • Rise Financial Pathways
    811 W. 7th Street
    Los Angeles, CA 90017
  • Pacific Coast Regional Small Business Development Corporation
    3255 Wilshire Boulevard, Suite 1501
    Los Angeles, CA 90010