The Los Angeles County Development Authority (LACDA) has launched the Small Business Stabilization Loan Program to provide eligible businesses with loans ranging from $50,000 to $3 million at a fixed Wall Street Journal prime rate, currently at 3.25%. Businesses interested in applying for the program must have been in operation for at least two years…
Originally posted Jan. 8 at 8:15 a.m. / Updated Jan. 8 at 9:20 a.m. The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of Jan. 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only…
Disaster recovery loans from the U.S. Small Business Administration (S.B.A.) are still available to Los Angeles County residents and businesses who suffered damage as a result of the Lake Fire and Bobcat Fire. The deadline to apply for disaster recovery loans from the S.B.A. is Dec. 15. Businesses of all sizes and private nonprofit organizations may…
Disaster recovery loans from the U.S. Small Business Administration (SBA) are now available to Los Angeles County businesses who suffered physical damage or economic injury due to the civil unrest incidents that began on May 26, 2020. Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace…
