The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses.
Small businesses are the heart of our community, yet they have been hit the hardest by recent events. To help businesses on their path to recovery, TMC Community Capital is offering grant support made possible by Signature Bank and TMC Financing. (Closes 14 August)
Uplifting an inclusive arts workforce and supporting the vibrancy of organizations that create and preserve the cultural identities of all California communities. (Closes 14 August)
The California Relief Fund for Artists and Cultural Practitioners is distributing $920,000 from the CAC’s general fund in the form of $1,000 grants to help artists and cultural practitioners (including fine and performing artists, teaching artists, culture bearers, and maker-based sole or collective creative entrepreneurs).
Cathay Bank offers several affordable working capital lines of credit to help small businesses prosper and grow. The three “Smart” loans have simplified underwriting and documentation requirements, reduced collateral, and a streamlined application process for profitable businesses with good business and personal credit history.
In light of the sweeping impact the COVID-19 pandemic is having on our small business community, the City of Los Angeles has responded swiftly and decisively to support our local, community businesses. 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.
Kiva is a non-profit that expands access to capital for entrepreneurs around the world. More than 2.5 million people have raised over $1 billion on Kiva.