Banking & Finance LA County has launched a new small business loan...

LA County has launched a new small business loan scheme

-

Another small business loan program was dispatched Thursday to help forestall business terminations and occupation misfortunes during the pandemic.

Loans going from $50,000 to $3 million will be given to qualified organizations that have been in activity for at any rate two years, are looking for working capital, equipment buys, land procurement, or renegotiating of existing loans. Applications will be acknowledged uncertainly.

“The new flood in COVID-19 cases is indeed hurting the imperativeness of private ventures in the region of Los Angeles,” Los Angeles County Board of Supervisors Chair Hilda L. Solis said in reviewing the program a week ago. “I ask our private venture local area to exploit this new program.”

The Los Angeles County Development Authority is considering it the Small Business Stabilization Loan Program. It is supported with $10 million from the U.S. Monetary Development Administration through a government COVID-19 help act.

Entrepreneurs who need to apply for a loan should go to an online course to become familiar with the application necessities.

When the webinar is finished, L.A.C.D.A. will associate the candidate with a Technical Assistance supplier who will help with the application. Specialized help is accessible in different dialects, including English, Spanish, Chinese (Mandarin), and Korean.

“Recently, the L.A.C.D.A. dispatched the BizHelp online class arrangement to help entrepreneurs explore these troublesome monetary occasions, and today we offer one more life saver as monetary help — the Small Business Stabilization Loan Program,” L.A.C.D.A. Executive Director Emilio Salas said.

 

Latest news

cold front passing through California brings snow and rain to the northern Sierra Nevada

A cold front going through dry spell stricken California carried snow toward the northern Sierra Nevada and downpour, showers...

Los Angeles and Ventura counties have issued red flag warnings

Portions of Los Angeles and Ventura counties are under a warning notice Saturday morning as solid Santa Ana winds...

new LAX parking structure is set to open Tuesday, bringing 4,300 parking spots and pre-booking opportunities

Another LAX parking structure is set to open Tuesday, bringing 4,300 new parking spaces and limited pre-booking opportunities to...

Carson residents are struggling with stinking water

Following 11 days of managing a staggering odor, Carson inhabitants are additionally battling with stained, noxious water coming from...

intense winds caused new wildfires, power outages

Ruinous California fierce blazes driven by serious breezes caused harm at two manufactured home parks, annihilating a few trailers,...

Tropical Storm Pamela moved along Mexico’s Pacific coast forecast major hurricane

Typhoon Pamela quickly strengthened as it moved along Mexico's Pacific coast Monday and it was estimate to turn into...

Must read

California Thinks about Expanding Expulsion Ban Past June

Gov. Gavin Newsom says California will pay off all...

San Fernando Valley church and nursery school has been burglarized three times in A Year

A notable San Fernando Valley church and nursery school...

You might also likeRELATED
Recommended to you