COVID-19 | fig-corridor

COVID-19 Resources for Stakeholders

USC Credit Union is pleased to announce that we are ready to accept applications for the Payment Protection Plan (PPP) up to $200,000 as soon as funds are made available from the SBA.
If you are interested, we invite you to apply at

https://www.lendio.com/ppp/u-s-c-credit-union

We will process applications on a first-come, first-served basis.

As you may be aware, there is a lot of pent up demand for these loans, and we would be remiss not to remind you that we cannot guarantee the SBA will approve your application nor if the funds will still be available if and when you are approved. USCCU membership is required and may be completed upon loan approval with the help of our team. We are here to assist you throughout the process, and we will reach out immediately if additional information is required to complete your application.

We appreciate your patience as we embark on what is a new experience for all of us. There may be a few kinks in the process, but we promise to be here for you every step of the way. Our goals are your goals, and we are committed to helping your business and your employees thrive. We look forward to helping you, your business, and your staff through this unprecedented time. If you have any questions, please don’t hesitate to contact us at PPPloans@usccreditunion.org. Stay

*Please note – After you click submit on the application you may receive a message stating the fund is closed until further notice. Your application will be made available for processing once SBA funding is available.

This $150,000 fund is specifically designed to help keep local food businesses open during “Shelter In Place” orders, via a matching campaign and our 0% interest loans. During this pandemic, LISC LA’s Kiva program is committed to ensuring access to fresh food and revitalizing economic opportunities for small business owners in low-income communities. https://www.lisc.org/los-angeles/regional-stories/lisc-las-kiva-accelerator-fund-launches-provides-loans-small-food-businesses-during-covid-19/
The Dr. Lucy Jones Center for Science and Society, The Los Angeles Area Chamber of Commerce, and Wells Fargo, have come together for the COVID-19 Los Angeles Small Business Emergency Assistance Virtual Forum Series. This effort will be in collaboration with LA City and County, and the State, to highlight available resources to assist impacted small businesses. Designed for small businesses in LA County, this weekly, virtual forum will feature experts highlighting resources and insights specifically for small businesses. In addition, Dr. Lucy Jones will provide information about the pandemic and its impact. These virtual forums will allow for Q&A as appropriate, with questions being either answered immediately and/or collected and posted after each forum. The webinars will be free of charge, and all small businesses are welcomed to attend and invited to join weekly. For a business to attend and participate, they simply register online. Click here for flyer.
https://lajobsportal.org/
https://www.facebook.com/business/boost/grants
https://covid19.ca.gov/
City of LA Small Business Emergency Micro Loan Program + Resilience Toolkit for businesses.

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

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).

https://www.sba.gov/disaster-assistance/coronavirus-covid-19

State Employment Development Department, important information for Employer's and Worker's related to COVID-19.

https://www.edd.ca.gov/about_edd/coronavirus-2019.htm

LA Small Business Development Center has a downloadable pdf COVID-19 response guide for Businesses and Employers.

https://smallbizla.org/covid19-response-guide/

California Bank has low-interest and state-guaranteed business loans and microloans for small business borrowers who have been impacted by regional disasters and who need term loans or lines of credit for working capital.

https://www.ibank.ca.gov/small-business-finance-center/

The California Capital Access Program (CalCAP) for Small Business encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. If you own a small business and need a loan for start-up, expansion or working capital, you may eligible for this program. CalCAP is a loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults. Loans are available up to $5 million.

https://www.treasurer.ca.gov/cpcfa/calcap/sb/index.asp