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