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Sunland-Tujunga Neighborhood Council
Resources for Businesses - Updated April 15, 2020
Posted on 04/14/20
The County of Los Angeles in partnership with Goldman Sachs 10,000 Small Businesses initiative and Community Reinvestment Fund, USA (CRF) has created a new application portal for small businesses and nonprofits seeking to apply for the federal Paycheck Protection Program (PPP), a forgivable loan product created by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act.
The online portal will open TODAY, April 15th at 1pm and can be accessed at https://crfusa.com/ppp/la-ppp-inquiry/.
Business owners and nonprofits who access the application portal will initially submit an inquiry with CRF. Business owners and nonprofits should be prepared to provide information on their business or organization. After successfully submitting an inquiry, loan processers at CRF will follow up directly with business owners/nonprofits to obtain necessary documents and information to process the loan request. All eligible business owners and nonprofits who have been unable to apply for a PPP loan through a bank or other financial institutions are encouraged to submit an inquiry. We urge you to apply at your earliest opportunity.
If you have any questions, please contact the Los Angeles County Disaster Help Center at 833-238-4450 or via email [email protected].
Mayor Garcetti launches effort to help small businesses apply for federal loans
L.A. CARES Corps is a partnership between the City and County to provide small businesses with the help they need to apply for federal loans.
Washington’s coronavirus relief bill includes $349 billion in Small Business Administration loans. The package establishes two types of loans:
- Economic Injury Disaster loans to help small businesses make up for temporary loss of revenue; and,
- the Paycheck Protection Program (or PPP), which helps businesses keep workers on payroll during this emergency.
Business Concierge
Businesses throughout Los Angeles County have been experiencing impacts associated with coronavirus since it emerged and are suddenly facing declining sales, operational challenges, or financial uncertainty. The County’s Department of Consumer and Business Affairs’ Office of Small Business can help connect you to local, state and federal resources, including layoff aversion and emergency loans.
Visit https://dcba.lacounty.gov/small-business-services/ for more business resources.
Businesses throughout Los Angeles County have been experiencing impacts associated with coronavirus since it emerged and are suddenly facing declining sales, operational challenges, or financial uncertainty. The County’s Department of Consumer and Business Affairs’ Office of Small Business can help connect you to local, state and federal resources, including layoff aversion and emergency loans.
Visit https://dcba.lacounty.gov/small-business-services/ for more business resources.
Check the status of your EIDL grant/advance application by emailing
[email protected]. Include your business name, application number, your name and phone number. They should reply within 2 business days.
Greater LA Chamber of Commerce
Resource Landing Page Guide
COVID-19 Investor Fraud Alert
On April 7, California Attorney General Xavier Becerra and Commissioner Alvarez issued an alert about investment scams related to the coronavirus and COVID-19. Read the alert here.
Attorney General Becerra and Commissioner Alvarez encourage anyone who has been the victim or who otherwise has information about an investment scam to immediately file a report through https://docqnet.dbo.ca.gov/complaint/. For information about other coronavirus-related scams, please see the DBO's COVID-19 Updates at https://dbo.ca.gov/2020/03/25/covid19 and Attorney General Becerra's alerts regarding fraudulent charities and false advertising
Daily Buisness Webinars
The SBDC is providing daily webinars for the Small Business Community on information as it relates to funding information during the COVID-19 pandemic. They will be discussing the Economic Injury Disaster Loan, Payroll Protection Program, Disaster Bridge Loan, 7a Forgiveness Program, and other funding opportunities for your business.
Information is changing and updating daily and they want to make sure Small Business owners are being provided the most up to date factual information as to what is available for funding.
The webinar will be 30-40 minutes daily with a brief Q&A after.
Upcoming Meetings & Events
