Los Angeles City Small Business Emergency Microloan Program
The City of Los Angeles has just recently established the Small Business Emergency Microloan Program. This program now provides financing needed to strengthen small business enterprises in this time of acute need that have been affected by the COVID-19 outbreak.
Businesses that meet the criteria below may apply online for a
City of LA Small Business Emergency Microloan
To apply, register through our through the city’s secure log-in system. Below is the information you will need to know prior to submitting an application.
Option 1: 0% for a term of up to 18 months,
with repayment deferred for up to 6 months
Option 2: 3% for a term of up to 5 years,
with repayment deferred for up to 12 months (for profit businesses)
Option 3: 2% for a term of up to 5 years,
with repayment deferred for up to 12 months (for tax-exempt businesses)
Complete Loan Application
Business Tax Returns (1 year, if available)
Interim Business Financial Statement
Personal Financial Statement
Personal Tax Returns (1 year)
Bank Statements (3 months)
Itemized Budget for Funds Requested
For more information, email the EWDD Emergency Microloan Management Team at EmergencyLoans@lacity.org or call 213-744-7130.