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COVID-19 Resources: Funding

Financial information for small business owners affected by COVID-19

This page contains information on federal, state and local loan programs, tax incentives, and other financial resources available to small businesses affected by and responding to COVID-19.

The LA SBDC will update this guidance as information changes, please check back frequently for the most current information.

For additional information for small businesses responding to COVID-19, including live and recorded webinars, visit the LA SBDC COVID-19 Response Guide page.

If you have questions, we can help!
Call us at 1-866-588-SBDC.

Table of Contents


Federal programs

  • Economic Injury Disaster Loan Program (EIDL) – reopened for all business types June 15, 2020
  • Paycheck Protection Program (PPP)

State programs

  • CALCap
  • IBank Finance Program (updated May 29, 2020)

Local programs

  • Los Angeles City Small Business Emergency Microloan Program
  • Los Angeles County Development Authority (LACDA) Transit Oriented Communities Small Business Recovery Loan Program funded by LA Metro (updated May 29, 2020)




Please view updates and sign up for our COVID-19 email list here.


Note: The Economic Injury Disaster Loan and the Paycheck Protection Program are two different programs. You may apply for both .

Economic Injury Disaster Loan Program (EIDL)

Note: As of June 15, 2020, the EIDL is accepting applications from all business types. Please view updates and sign up for our COVID-19 email list here.

The SBA’s Economic Injury Disaster Loan program provides small businesses and non-profits with low-interest working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. 

Small business owners in all U.S. states and territories are currently eligible to apply for this low-interest loan due to Coronavirus (COVID-19). Visit to apply.

Find more information on the SBA’s Economic Injury Disaster Loans at .


  • The business must be experiencing a business loss due to COVID-19
  • Entities may qualify for loans up to $2 million
  • Maximum unsecured loan amount is $25,000
  • Interest rates: 3.75% for small business, 2.75% for private nonprofits
  • Term – up to 30 years
  • Use of Funds: working capital, paying fixed debts, payroll, accounts payable, other bills that could have been paid had the disaster not occurred
  • Loans are NOT intended to replace lost sales or profits or for expansion
  • There is no obligation to take the loan if offered
  • Applicants can have an existing SBA loan or other SBA loan and still qualify for this disaster loan.
  • Loans cannot be consolidated.

The LA SBDC Business Advisors can help you navigate lending options. Call us at 1-866-588-SBDC

Paycheck Protection Program (PPP)

Note: As of April 27, 2020, the PPP has resumed accepting applications. Please view updates and sign up for our COVID-19 email list here.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion relief package signed into law on March 27, 2020, allocates $349 billion to help small businesses keep workers employed amid the pandemic.

Known as the Paycheck Protection Program (PPP), the initiative is administered through the SBA and provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency.

Importantly, the program includes loan forgiveness of up to 8 weeks of payroll based on employee retention and salary levels.

The loans may be used for a variety of purposes, including payroll costs, rent, utilities, mortgage interest (not principal) and interest on debt existing prior to February 15, 2020.

Note: Applications are not yet open. The applications for this program will be processed through lending institutions. A list of participating lenders will be issued by the SBA shortly.

Application deadline: June 30, 2020


  • A small business with fewer than 500 employees
  • A small business that otherwise meets the SBA’s size standard
  • A 501(c)(3) with fewer than 500 employees
  • An individual who operates as a sole proprietor
  • An individual who operates as an independent contractor
  • An individual who is self-employed who regularly carries on any trade or business
  • A Tribal business concern that meets the SBA size standard
  • A 501(c)(19) Veterans Organization that meets the SBA size standard

In addition, some special rules apply:

  • If you are in the accommodation and food services sector (NAICS 72), the 500-employee rule is applied on a per physical location basis
  • If you are operating as a franchise or receive financial assistance from an approved Small Business Investment Company the normal affiliation rules do not apply
  • REMEMBER: The 500-employee threshold includes all employees: full-time, part-time, and any other status.

The LA SBDC Business Advisors can help you navigate lending options. Call us at 1-866-588-SBDC


California Capital Access Program (CalCAP)

CalCAP is a loan loss reserve program for businesses with 1-500 employees, which may provide up to 100% coverage on losses as a result of certain loan defaults. Individual borrowers are limited to a maximum of $2.5 million enrolled over a 3-year period. Contact a Participating Lender to enroll.

CA Infrastructure and Economic Development Bank (IBank) Finance Programs (1-750 employees)

Disaster Relief Loan Guarantee Program: This disaster program provides loan guarantees of up to $1 million for small business borrowers in declared disaster areas. Loans of $20,000-$50,000 for provide working capital assistance to existing businesses affected by COVID who have not received SBA funding (either PPP or SBA EIDL).

Jump Start Loan Program: This program offers loans from $500 to $10,000 to low-wealth entrepreneurs in declared disaster and emergency areas.

Qualifying small business owners may apply directly with a participating lender:

  • Pacific Asian Consortium in Employment (unincorporated areas of District One of LA County, all of area within boundaries of City of Los Angeles & South LA county):
  • Economic Development Collaborative (Ventura County, Santa Barbara County):

To contact IBank:


Los Angeles City Small Business Emergency Microloan Program

The City of Los Angeles has launched a new Small Business Emergency Microloan Program to provide financing needed to strengthen small business enterprises that have been affected by the COVID-19 outbreak.

Eligible businesses include for-profit and tax-exempt businesses in the City of LA with 100 or fewer employees that have been negatively impacted by the COVID-19 outbreak and will make their best effort to continue or re-establish their business operations and employees.

Loans amounts range from $5,000 to $20,000, with interest rates varying based on terms from 18 months to 5 years.


  • Certification: Business must have a Business Tax Registration Certificate with the City of Los Angeles’ Office of Finance that was filed prior to March 01, 2020
  • Credit: There is no credit minimum, however the principal business owner(s) must have reasonable and responsible personal credit history and an acceptable explanation for any derogatory marks. Bankruptcies and debt write-offs must be at least 12 months old
  • Cash Flow: Businesses must show that historical profits would have been sufficient to service the requested debt and that they have been impacted by the COVID-19 outbreak
  • Location: Primary business operation must be physically located in a commercial–use building within City of Los Angeles boundaries (please use this City of LA online zoning tool to determine business location)
  • Collateral: Evaluated on a case-by-case basis
  • Required Guarantors: All business owners who hold 20% or more ownership must guarantee the loan
  • Co-Signer: A co-signer with reasonable credit and sufficient income to re-pay the loan can be included as a guarantor to mitigate weaknesses in the loan request

Get details from the Los Angeles Economic and Workforce Development Department and apply at

The Los Angeles County Development Authority (LACDA) Transit Oriented Communities Small Business Recovery Loan Program funded by LA Metro

Eligible Los Angeles County small businesses located within a ¼-mile of a Major Transit Stop could receive up to $20,000 in loan funds to cover operating expenses. You can use the Transit Oriented Communities Small Business Recovery Loan Program Address Eligibility Checker to verify your business location.

Loan applications can be completed directly on from Thursday, June 4, 2020 at 12pm to Thursday, June 11, 2020 at 5pm.

Details including full eligibility requirements, are available at

For questions, contact Los Angeles County Development Authority directly:


Pandemic Unemployment Insurance (PUA)

The Pandemic Unemployment Assistance (PUA) program helps unemployed Californians who are business owners, self-employed, independent contractors, have limited work history, and others not usually eligible for regular state UI benefits whose business or services are significantly reduced as a direct result of the pandemic.

To apply you will need the following:

  • Proof of Citizenship
  • Information about your employment history, including:
    • Employment history from the last 18 months
    • Specific information from your last employer or company
  • Federal Employee and Military Documents, if applicable

The fastest way to apply for benefits is online ( You can also apply for PUA by phone, mail, or fax. (


2019 Tax Filing Deadlines Extended

Both State and Federal tax filing deadlines have been extended to July 15, 2020.

This relief includes moving the various tax filing and payment deadlines that occur on March 15 through June 15, 2020, to July 15, 2020. This includes, but is not limited to:

  • Partnerships and LLCs who are taxed as partnerships
  • LLCs
  • S and C Corps
  • Quarterly estimated tax payments

Visit the  California Department of Tax and Fee Administration website to apply for special assistance, including filing and payment extensions, and/or relief from interest and penalties.

Get COVID-19 updates from the Franchise Tax Board at

State Payroll Tax Deadline Extended

Employers experiencing a hardship may request up to a 60-day extension from the Employment Development Department to file their state payroll reports and/or deposit state payroll taxes, without penalty or interest.

You must include the impact of COVID-19 in your written request for the extension. Your request must be received within 60 days from the original past-due date of the payment or return.

Get details from the EDD at