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COVID-19 Resources: Updates

News and updates for small business owners affected by COVID-19

The LA SBDC will continually update this page with the latest news and updates about COVID-19. Please check back frequently for the most current information, or subscribe to our email list.

Also, visit the LA SBDC COVID-19 Response Guide page for links to live and recorded webinars.

Each day, the CA SBDC will host a live Q&A webinar – register here.

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

Small Businesses near Major LA Transit Stops Eligible for New Loan Program

In recognition of the COVID-19 economic impacts to small businesses, the Los Angeles County Development Authority (LACDA) has announced the Transit Oriented Communities Small Business Recovery Loan Program funded by LA Metro.  Loan applications can be completed directly on TOCloans.lacda.org from Thursday, June 4, 2020 at 12Ppm to Thursday, June 11, 2020 at 5pm. Eligible Los Angeles…

Continue Reading Small Businesses near Major LA Transit Stops Eligible for New Loan Program

Pandemic Unemployment Assistance (PUA) offered for self-employed business owners and independent contractors

This information is summarized from the Employment Development Department information on the Pandemic Unemployment Assistance program: https://edd.ca.gov/about_edd/coronavirus-2019/pandemic-unemployment-assistance.htm The Pandemic Unemployment Assistance (PUA) program was created as part of the CARES Act to provide support for business owners, independent contractors, self-employed workers, freelancers, and gig workers who do not qualify for traditional unemployment benefits. You may…

Continue Reading Pandemic Unemployment Assistance (PUA) offered for self-employed business owners and independent contractors

Second round of Federal small business relief funding begins

The second round of Federal funding for small business relief via the Paycheck Protection Program (PPP) and existing Small Business Administration programs has begun. The PPP, which was created by the CARES Act that was passed last month, has been replenished with an additional $310 billion of funding, $60 billion of which will be administered…

Continue Reading Second round of Federal small business relief funding begins

New PPP Application Portal for LA County Small Businesses launches April 15

UPDATE: This program was full 30 minutes after launch and is no longer accepting applications. 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 seeking to apply for the Federal Paycheck Protection Program (PPP), a forgivable loan…

Continue Reading New PPP Application Portal for LA County Small Businesses launches April 15

Verizon and LISC Offer Grants to Entrepreneurs of Color and Women-owned Businesses

As we hear about COVID-19 financial assistance available to small businesses, we’ll share here on our blog. Note that the information posted here is time-sensitive. An investment of $2.5 million from Verizon is making it possible for LISC to begin offering critical relief and resiliency-building support to small businesses facing immediate financial threat because of…

Continue Reading Verizon and LISC Offer Grants to Entrepreneurs of Color and Women-owned Businesses

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