Financial Relief for Small Businesses affected by COVID-19
The application link is now open for any California business wishing to apply for a disaster loan related to economic damage from the COVID-19 health crisis.
Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy. Find out more at: disasterloan.sba.gov/ela
OTHER immediate help:
Work Sharing: This State of California program provides an alternative to layoffs, for those businesses with reduced work or available production.
Paid Family Leave: Employees who need leave to take care of children or family issues can also apply for Paid Family Leave (PFL) through the State of California EDD. Use this link to register online. Do not call -- the phone lines are swamped. Instead use the online application: edd.ca.gov/Disability/How_to_File_a_PFL_Claim_in_SDI_Online.htm
Non-traditional loan programs are available to assist businesses. Please email LAEDC for details. Include your business name and city where the business is located so LAEDC can assign a regional manager to follow up with you.
California IBank is another source for emergency loans, via Pacific Coast Small Business Development Corp.
Please visit LAEDC's COVID-19 response page at laedc.org/coronavirus , which we are updating frequently, for more information.