City of Los Angeles Business Emergency Microloan City of Los Angeles Business Emergency Microloan

Where to apply:

https://cloud.bmisw.com/CityOfLA/Workflow/Enter/Microloan_Begin

Borrow between $5,000 – $20,000

Interest Rates:

– 0% for a term of 6 months to 1 year

– 3% to 5% for a term of up to 5 years

Quick Overview

Eligible Borrowers

1) microenterprises in the City of LA that are low-income or will retain low-income jobs

OR

2) small businesses in the City of LA that will retain low-income jobs

Can ONLY be used for working capital

Email us at info@iconcdc.org if you need assistance completing the application or gathering the required documents.

For more information, please visit:

http://ewddlacity.com/index.php/microloan-program

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SBA Disaster Loan Main Requirements