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Dear Sean,
We invite you to view our newest blogs, and grant programs, and learn about different funding programs for your small business.
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Small Biz Blog Client Spotlight:
ACRAtech, Inc.
Learn the story of how Scott Dordick, a local Pomona business owner, strategized and turned their business around over the past two years with the help of SBDC Consultant Malcolm Geffen and the ULV SBDC team!
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Small Biz Blog:
Bookkeepers VS CPAs
ULV Business Associate, Joshua Botello explains a common question we receive from clients wondering what the difference is between bookkeepers and certified public accountants. Joshua breaks down the roles and expertise of each professional to help you determine which one may need for your business!
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Funding Programs and Resources | |
City of La Verne Small Business Grants up to $10,000
for for-profit businesses with 1-25 employees
*For City of La Verne Businesses Only*
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The City of La Verne has created a Small Business Rescue Grant Program, which will provide funding to small businesses needing financial assistance in overcoming the temporary loss of revenue due to the COVID-19 pandemic. Grants up to $10,000.
The ULV SBDC is offering free one-on-one consulting to help with the application process. If you are already a client with our center, call our office to schedule an appointment (909) 448-1567 or you can sign up for our services here.
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Resteraunt Disaster Relief Fund | Disasters are unpredictable — but critical support shouldn’t be. The average small business loses $3,000 every day they remain closed due to a natural disaster. To help restaurants recover in times of critical need, DoorDash has partnered with Hello Alice to create the Restaurant Disaster Relief Fund. The fund supports restaurants impacted by natural disasters like fires, floods and hurricanes, and provides relief through $10,000 grants. | |
Verizon Small Business Digital Ready Grant Program
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$10,000 grant opportunities now available
To be eligible to apply, users must complete any combination of 2 courses, coaching events, and community events between 7/1/22 and 11/14/22, and apply by 11/14/22. Engagements through Personalized Mentoring feature are not included towards grant eligibility. Digital Ready is our online curriculum designed to give small businesses like yours the personalized tools to succeed in today's digital world. Learning modules, expert coaching, peer networking, access grant opportunities throughout the year, and more—it's all here, and it’s all part of our goal to provide resources to help one million small businesses thrive in the digital economy. Deadline is November 14, 2022.
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City of Claremont CDBG Job Creation and Business Incentive Grant Program | |
For prospective and existing business owners who need financial help, the City is offering the Job Creation & Business Incentive Program that provides a forgivable loan, in exchange of job creation for low-income persons.
Eligible Business
To qualify for this program, the business has to either be a new business, or an existing business wanting to expand their gross floor area by 50% of more. These business must fall under one of the following categories:
- Retail
- Quality food establishments
- Entertainment businesses (must sell concessions/food items)
Use of Funds:
Grants can be used for business expenses such as:
- Interior/exterior improvements
- Purchase of business equipment, furniture, and/or fixtures
- Working capital
Job Creation Requirement
1 new full-time equivalent job must be created per $25,000 of the loan awarded.
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City of Covina
Business License & Fee Forgiveness Program
| In August 2021, the City of Covina received funding from the American Rescue Plan Act to fund a wide range of local programs for businesses and households. City of Covina’s Business License and Fee Forgiveness Grant Program aims to help businesses that faced setbacks and alleviate the pressures they continue to face as a result of COVID-19. The Business License and Fee Forgiveness application portal is open. $2,000 grants will be awarded to eligible Covina-based businesses while funding lasts. | |
Metro Business Interruption Fund | Metro’s BIF is administered as a pilot program in partnership with PCR. PCR uses the BIF to provide financial assistance to small “mom and pop” businesses impacted by transit rail construction along the Crenshaw/LAX Transit Project, the Little Tokyo Regional Connector with its 2nd/Broadway segment, and Section 1, Section 2 and Section 3 of the Purple Line Extension. | |
PIVOT Small Business Microloan |
Affordable financing for eligible businesses in the Inland Empire and Eastern Los Angeles County. This PIVOT Microloan is not a COVID relief loan or grant. This program is only accepting Southern California businesses that are located in San Bernardino, Riverside, and East Los Angeles County.
Loan Terms:
- Loans between $2,500 and $25,000
- Competitive Rates
- 3 to 5 year repayment plans
- 620 + FICO score required
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City of San Bernardino American Rescue Plan Act Grant Program | |
As part of the American Rescue Plan Act (ARPA) initiative, the City of San Bernardino has partnered with the Inland Empire Small Business Development Center (SBDC) to offer the Small Business & Non-Profit Training & Grant Program. The Training & Grant Program will provide training and funding to small businesses and non-profits needing financial assistance in overcoming the loss of revenue due to the COVID-19 pandemic. All eligible businesses and non-profits are invited to apply.
The applications open on October 10, 2022. Deadline is December 12th, 2022.
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San Bernardino County Microbusiness Grant | The San Bernardino County Microbusiness COVID-19 Relief Grant is designed to assist businesses that have experienced economic barriers due to the effects of the global pandemic. The San Bernardino County Board of Supervisors approved $2,500 to be disbursed to qualified businesses. San Bernardino County is proud to provide this grant to our business community. | |
Job Creators Quest Grants |
Founders First is committed to increasing the number of diverse founder-led businesses generating over $1 million dollars in revenues and creating premium wage jobs. A total of $100,000 will be awarded to 30 small businesses: $10,000 grant, $4,000 grant, $2,500 grants, $1,000 grants. In addition, each grant recipient will receive a tuition scholarship for one of Founders First CDC’s stellar business accelerator programs. Grant recipients will be selected based on their demonstrated ability to maintain and grow their workforce despite the pandemic, as well as their ongoing commitment to creating premium wage jobs in their communities. The application deadline is November 30, 2022.
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About the Amber Grant
WomensNet founded the Amber Grant Foundation in 1998. The Foundation was set up with one goal in mind: to honor the memory of a very special young woman, Amber Wigdahl, who died at just 19 years old — before realizing her business dreams.
Today, WomensNet carries on that tradition, giving away at $10,000 every month in Amber Grant money. Each of those monthly winners is then eligible for our year-end grant of $25,000.
How Do I Apply For an Amber Grant?
Applying is simple. Just take a few minutes to tell us about yourself and your business dream. No long, complicated forms to fill out. We announce the $10,000 Amber Grant recipient the first week of every month, and the $25,000 annual winner every January.
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Black Founder Startup Grant |
To qualify, you should:
– self-identify as a Black woman or Black nonbinary entrepreneur (inclusive of multiracial Black women and multiracial Black nonbinary folks)
– have a legally registered business
– plan to seek investor financing in order to scale, now or in the future
– have a scalable, high-impact solution or idea with the ambition to be the next billion-dollar business.
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Fearless Strivers Grant Contest |
Black women-owned businesses are vital to our economy yet receive less than one percent of venture capital funding. Fearless Fund is deepening its commitment to this community with the launch of the contest.
With Mastercard prizing, they’ll be awarding eleven lucky small businesses across the country $10,000 grants, digital tools to help them get and sustain their business online, and one-on-one mentorship so they can continue to bolster their business. See Official Rules for full details, including entry qualification details.
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California Restaurant Association Foundation Restaurants Care Fund |
Description:
Restaurants Care offers emergency assistance to California food and beverage workers facing an unanticipated hardship within the past 90 days such as an accident, illness, injury, death of an immediate family member, or natural disaster. If you are in need of assistance, please complete the application form. All grant requests will be reviewed. Restaurants Care grants are awarded to eligible individuals based on available funds and are limited to one per individual. Grants cover the cost of living expenses for life-altering events and range from $250-$1500.
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The Salon & Spa
Relief Fund
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Description:
GRANTS AVAILABLE FOR REBUILDING YOUR BUSINESS
The Salon & Spa Relief Fund will be offering grants of:
• $2,500 for salons with revenues under $1M
• $5,000 for salons with revenues $1M or greater
Aveda has partnered with The Salon & Spa Relief Fund to help care for and support small business salon communities.
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Jewish Free Loan Association (JFLA) |
Small Business loans up to $36,000 are available, with 2 guarantors.
Eligibility:
· Applicants must be permanent residents of Los Angeles or Ventura county.
· Applicants must have credit scores of 680 or better, demonstrate need, and have the ability to repay the loan.
· Two guarantors with good credit and steady income are required on each loan up to $36,000.
· Applicant must submit required documentation, by email, to JFLA prior to a virtual interview.
· Each applicant presents individual circumstances to be considered by Jewish Free Loan.
Please note that we do not offer Small Business loans to non-profit organizations.
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PACE Disaster Relief Loans |
The PACE Finance CDBG Program
- Eligibility - Business must be located in an Unincorporated Area of Los Angeles County – District 1
- Loan Amount - Up to $50,000
- Interest Rate - 3.5% to 4.0%
- Term - 2-5 years
PACE Disaster Relief Loan Program
- Eligibility - Business physical presence in the disaster area
- Loan Amount - $20,000 to $250,000
- Interest Rate - 4.5% to 6%
- Term - Up to 7 years
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Small Business Microloan Program | EWDD designed the Microloan Program in order to provide financing to viable Microenterprises and Small businesses that private lenders are not able to accommodate. Whether your business is a Start-Up or an existing business that would like to expand, loan funds can be used for reasonable and eligible business operation costs, including, but not limited to, inventory, equipment, working capital, and leaseholder improvements. | |
TMC Community Capital -
Microloan Programs
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Microloan Lite
- Loan Range: $5,000 to $10,000
- Term: 1 - 2 years
- Interest Rate: 5%
- Processing Fee: 2%
Microloan
- Loan Range: $10,001 to $50,000
- Term: 2 - 5 years
- Interest Rate: 6 - 8%
- Processing Fee: 3 - 4%
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Upcoming L.A. SBDC Network Webinars | |
California Department of Tax and Fee Administration Webinars
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Constant Contact Webinars | |
Amazon Small Business Academy Webinars | |
Funded in part through a cooperative agreement with the U.S. Small Business Administration, center host institutions, and local or private funds. Funding is not an endorsement of any product, opinion or service. All Federal funded programs are extended to the public on a nondiscriminatory basis. Special arrangements for individuals with disability will be made if requested in advance | | | | | |
