Economic Resources for Small Businesses


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The programs and initiatives in recently passed coronavirus legislation are intended to assist business owners with whatever needs they have right now. Many new resources are being made available for small businesses, as well as certain non-profits and other employers.

A summary of Small Business Administration (SBA) resources compiled by the House Small Business Committee is available by clicking here.

Economic Injury Disaster Loans:

In response to the coronavirus pandemic, small business owners in all U.S. states, Washington D.C., and U.S. territories are eligible to apply for an Economic Injury Disaster Loan (EIDL) advance of up to $10,000. This advance provides economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.

The EIDL program provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic.

This program is for any small business affected by COVID-19 with less than 500 employees (including sole proprietorships, independent contractors, and self-employed persons), as well as private non-profit organizations or 501(c)(19) veterans organizations affected by COVID-19 with fewer than 500 employees.

For more information on the EIDL, please click here.

Paycheck Protection Program:

The Paycheck Protection Program (PPP) offered loans designed to provide a direct incentive for small businesses to keep their workers on the payroll.

The PPP is also open for new borrowers and some existing PPP borrowers. For more information please visit: https://www.sba.gov/article/2021/jan/08/sba-treasury-announce-ppp-re-opening-issue-new-guidance?utm_medium=email&utm_source=govdelivery

SBA Express Bridge Loan:

The Express Bridge Loan Pilot Program enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing, and can be a term loan or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan.


Guides to Small Business Programs:

The House Small Business Committee’s latest news on developments related to the Small Business Administration’s response to COVID-19 is available by clicking here.

A flow chart describing resources from the Small Business Administration is available by clicking here.

The House Small Business Committee provides an explainer on unemployment insurance for small businesses.

The House Financial Services Committee provides a summary of the federal response to the coronavirus pandemic, including resources for rental property owners, credit scores and credit reports, consumer and investor fraud, and other resources by clicking here.

Paid Sick Leave and Paid Family Leave Resources for Small Businesses:

A House Education and Labor Committee summary of paid sick leave and paid family leave resources is available by clicking here.

California Specific Resources:

The Governor’s Office of Business and Economic Development (GO-Biz) has compiled helpful information for employers, employees, and all Californians as it relates to the Coronavirus (COVID-19) pandemic. For a complete list of resources, please visit https://covid19.ca.gov.

The California State Assembly Committee on Jobs, Economic Development, and the Economy has built this webpage to assist small businesses, entrepreneurs, workers, and economic and workforce development professionals in responding to COVID-19 challenges.  
Employers experiencing a hardship to file state payroll reports may file for a 60-day extension. Click here to contact the Employment Development Department Taxpayer Assistance Center. Click here to contact the Employment Development Department Taxpayer Assistance Center.

California small businesses can now defer payment of up to $50,000 in sales and use taxes for up to a year -- which amounts to an additional loan. Visit the Governor's Office of Business and Economic Development's COVID-19 page for links to valuable resources.

If you are a State Insurance Compensation Fund policyholder operating an essential business during the COVID-19 crisis, you may be eligible for a grant to help with safety-related expenses. These include reimbursements for goggles, masks, gloves, cleaning supplies and services, and worksite modifications. Individual grants can total up to $10,000 or twice the amount of your premium, whichever is less. To apply for a grant, please complete the application and return it as soon as possible to covidsafetyfund@scif.com.

Small businesses may be eligible for loans through California State entities. Visit the California Infrastructure and Economic Development Bank website to learn more. While supplies last, manufacturers can sign up for allocated Personal Protective Equipment (PPE) through a partnership between the California Manufacturers & Technology Association (CMTA) and the State of California. In addition, if you are a California manufacturer who makes masks, sanitizers, gowns, gloves, face shields, plexiglass partitions, or wipes, you can apply here to be listed on the “Safely Making California” marketplace

Los Angeles Specific Resources:

LA County has developed the COVID-19 Temporary Outdoor Dining Program for restaurants in unincorporated Los Angeles County that are interested in expanding dining seating into private walkways and parking facilities and the County road right-of-way, including public sidewalks, alleys, streets, and parking spaces. Additionally, restaurants may apply to have curbsides designated as a time-limit parking zone to encourage parking turnover where food pickup is in demand. Read more about the program here, and follow the step-by-step instructions on how to apply for a temporary sidewalk dining permit through EPIC-LA, the County's Electronic Permitting & Inspections portal.

In addition, the city of LA is offering a temporary program L.A. Al Fresco to streamlines requirements and approvals across multiple City departments for outdoor dining on sidewalks, parking lots, and streets. The program aims to help local businesses reopen while allowing customers and employees to maintain the physical distance recommended by public health officials by temporarily relaxing the rules that regulate outdoor dining. Read more and apply at https://corona-virus.la/laalfresco.

The City of LA’s Economic and Workforce Development Department (EWDD) is providing $11 million in no-fee microloans of $5,000 to $20,000, which may be used to cover working capital. Since cash flow is critical at this unprecedented time, the program offers relaxed underwriting with no credit score minimum, a generous allowance to meet debt service, and a 100% Loan to Value ratio. The interest rate can either be 0% for a term of six months to one year, or 3% to 5% for a term of up to five years. Detailed information about the program can be found at lamayor.org/loan.

The Los Angeles Small Business Development Center (SBDC) has resources to help small businesses navigate the COVID-19 response and relief process. Read their COVID-19 response guide at https://smallbizla.org/covid19, or call 562-938-5020.

LA CARES Corps is connecting L.A. Businesses to Federal SBA Loans During COVID-19. LA CARES Corps is a partnership between the City and County of LA to provide small businesses with the help they need to apply for federal loans under the CARES Act. Learn more by clicking here.

The LA City Council has voted to have the Planning Department extend conditional use permits to 12 months after the city’s Safer at Home orders are lifted. 

LA County Disaster Help Center for Business Owners:

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. You can visit the center’s website at lacountyhelpcenter.org/for-business-owners, and you can reach the LA County Business Concierge at (800) 593-8222 or (844) 432-4900.

The City of Los Angeles's L.A. Represents initiative is providing free legal resources to small businesses seeking legal advice to address problems caused by the COVID-19 pandemic. 

The Local Initiatives Support Corporation (LISC) is offering Small Business Relief Grants to support small businesses and enterprises affected by COVID-19 across the country, especially those in underserved communities. Those include entrepreneurs of color, as well as women- and veteran-owned businesses, which often lack access to flexible, affordable capital. Applications are being accepted in “rounds” lasting one week each.  Click here for more information

In addition, LISC's LA office has a fund relating to Kiva, which is an online loan crowdfunding platform that provides small business owners and entrepreneurs with access to 0% interest rate loans, and up to $10,000. LISC LA’s “Kiva Accelerator Fund” matches borrower campaigns dollar-for-dollar, and is focused on supporting food-based businesses that serve fresh/healthy food and prepared meals to low-income neighborhoods. In order to receive matching funds, businesses need to be endorsed by a LISC Kiva Trustee. Click here to see a list of these Trustees and more information about this LISC funding effort. If you have questions, please call LISC LA at 213-250-9550.