|
Dear Sean,
We invite you to view our upcoming LIVE webinar and learn about different funding programs for your small business.
| |
|
Upcoming LIVE Webinar:
How to Start a Business
Learn how to begin your small business this new year and learn about all the resources available to you to start! Presented by Sean Snider, SBDC Director, and Consultant.
| |
Funding Programs and Resources | |
Restaurant 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. Deadline is January 3rd, 2022. | |
Small Business Growth Fund | |
In partnership with GEN, the Small Business Growth Fund provides the capital high-growth small business owners need to make their next big move. Each recipient will receive a $25,000 grant, provided by Mastercard, to accelerate their growth and achieve their goals in 2023.
Eligible businesses must:
- Be a for-profit business
- Have less than $1M in 2021 gross annual revenue
- Have a commitment to their customers and community
- Have a clear plan for how the funds will help them achieve a significant growth milestone in 2023.
The deadline is January 6th, 2022.
| |
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.
| |
|
The Fedex Small Business
Grant Contest
| |
It’s almost time—you could win $30K for your business.
You’ve been all in for your business since day one. You’re always learning, always hustling, always striving for more. And soon you could have the opportunity to drive your small business even further with help from FedEx. You have a chance to win $30K from the FedEx Small Business Grant Contest—are you ready to go all in to try to win?
Entry period opens on January 31st, 2022.
| |
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
| |
|
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.
| |
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. | |
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.
| |
Thrive Program - Riverside County |  | In an effort to assist entrepreneurs in launching a business and support businesses that are continuing to struggle with the negative economic impacts of the pandemic, the Riverside County Office of Economic Development and the Orange County Inland Empire Small Business Development (OCIE SBDC) are partnering to provide technical and financial assistance to county constituents and businesses. The RivCo Small Business Thrive Program (Thrive Program) is an American Rescue Plan Act (ARPA) Economic Recovery program providing grants of $1,500, $2,500 and $5,000 to assist county entrepreneurs launch a small business and business owners expand their existing operations. The grant is available to qualifying individuals and businesses that meet all eligibility criteria and complete a small business training program have one-on-one consulting provided by the Orange County Inland Empire Small Business Development Center (OCIE SBDC) and attend a Financial Literacy webinar provided by AmPac Business Capital. | |
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.
| |
The Salon & Spa
Relief Fund
|
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.
| |
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.
| |
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
| |
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
|
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%
| |
Upcoming L.A. SBDC Network Webinars | |
California Department of Tax and Fee Administration Webinars
| |
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 | | | | |
