Apply online here.

Key Terms

• Loan limits - $5,000 to $20,000

• Interest rate - 0% to 3%, depending on length and payment terms

• Terms - 18 months to 5 years

• Must use as working capital only.

• No loan fees, no administrative fees, no application fees, no prepayment penalty.

Eligibility Requirements

• Registered with the City of Los Angeles’ Office of Finance prior to March 1, 2020.

• Primary business operations must be physically located in a commercial-use building within City of Los Angeles boundaries.

• Business owners must have reasonable and responsible credit history. No bankruptcies and debt write-offs in the prior 12 months.

• Businesses must show that they had sufficient cash flow prior to the COVID-19 outbreak.

• All business owners who hold 20% or more ownership must personally guarantee the loan.

Required Documents

• Business tax return (1 year, if available)

• Interim business financial statement

• Personal financial statement

• Personal tax returns (1 year)

• Bank statements (3 months)

• Itemized budget for funds (if requested).