A new micro-loan program for small businesses in City of Los Angeles is planned to being operation, with loan amounts from $5,000 to $20,000. https://ewddlacity.com/index.php/microloan-program
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.’
In addition, the Economic Workforce Development Department in City of LA offers a variety of resources, and will help businesses apply for these loans, via telephone or email, as part of their Business Source Centers which are working virtually at this time. Take a look at this great link: https://ewddlacity.com/index.php/local-business/businesssource-centers
Businesses that meet the criteria below may apply online for a City of LA Small Business Emergency Microloan. Please read through the information below prior to application. To apply, please register through our secure log-in system.