Updated on 04/20/2020
New Small Business Grant Applications are CLOSED (04/21/2020)
The Los Angeles Area Chamber of Commerce announced a new Small Business grant from the U.S. Chamber of Commerce Foundation. The Foundation set up a new Save Small Business Fund in partnership with Vistaprint and a coalition of supporting companies, foundations and donors. Unfortunately, the Small Business Grant is no longer accepting applications due to the large number of applicants on the opening day, April 20, 2020.
Please refer to the U.S. Chamber of Commerce website for additional resources:
The Los Angeles Area Chamber of Commerce announced a new Small Business grant from the U.S. Chamber of Commerce Foundation. The Foundation set up a new Save Small Business Fund in partnership with Vistaprint and a coalition of supporting companies, foundations and donors. Unfortunately, the Small Business Grant is no longer accepting applications due to the large number of applicants on the opening day, April 20, 2020.
Please refer to the U.S. Chamber of Commerce website for additional resources:
- https://www.uschamber.com/save-small-business
- The fund is providing $5,000 in short-term relief to employers across the country. These one-time supplemental cash grants are for businesses that have between three and 20 employees and operate in an economically vulnerable community.
- The grant application will go live on April 20 at 12:00 p.m. PST.
Updated on 04/10/2020
Small Business Support:
The U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to California small businesses suffering substantial economic injury as a result of the novel coronavirus (COVID-19).
The U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to California small businesses suffering substantial economic injury as a result of the novel coronavirus (COVID-19).
- Further information about PPP and EIDL can be found here: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
- Find you PPP Lender by Zip Code: https://www.sba.gov/paycheckprotection/find
- Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing may call (800) 877-8339.
- LA Cares Corps will help apply for the loans, which one is best, and how they apply at the City, State, and County level; for more info, please visit: coronavirus.lacity.org/CARESCORPS
- Small Business Owner's Guide to CARES Act guide (updated April1, 2020):
English: https://komartin.com/cares-en.pdf
Korean: https://komartin.com/cares-kr-v2.pdf
*The Korean American Coalition-Los Angeles (KACLA) cannot and does not provide legal and financial advice. The COVID-19 resources provided are for general informational and educational purposes only based on government-issued resources and are not a substitute for professional advice. April 7, 2020.*