Los Angeles City Small Business Emergency Microloan Program

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March 18, 2020
updated as of 3:00pm (PDT) on 3/18/2020
this page will receive continuous updates as newer information becomes available

In light of the sweeping impact the COVID-19 pandemic is having on our small business community, the City of Los Angeles has responded swiftly and decisively to support our local, community businesses. The newly established Small Business Emergency Microloan 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 secure log-in system. Please read through the information below prior to submitting application.

General Eligibility

principal business owner(s) must have reasonable and responsible personal credit history and an acceptable explanation for any derogatory marks. Bankruptcies and debt write-offs must be at least 12 months old
Cash Flow
businesses must show that historical profits were sufficient to service the requested debt and have been impacted by the COVID-19 outbreak
primary business operation must be located within City of Los Angeles boundaries
(please use this City of LA online zoning tool to determine business location)
Microloan Use of Funds
must be for reasonable and eligible working capital expenses
Microloan Requirement
job retention
evaluated on a case-by-case basis
Required Guarantors
all business owners who hold 20% or more ownership must guarantee the loan
a co-signer with reasonable credit and sufficient income to re-pay the loan can be included as a guarantor to mitigate weaknesses in the loan request
Application Fees
No Application Fees

Important Documentation

  • 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)
  • Sources and Uses of Funds

Microloan Terms

Loan Limits
$5,000 to $20,000
Interest Rate
- Option 1: 0% for a term of 6 months to 1 year
- Option 2: 3% to 5% for a term of up to 5 years
6 months to 5 years
Loan Fee
No Fee
Admin Fee (credit report)
No Fee
Eligible Uses
Working capital only
Eligible Borrowers
- Option 1: microenterprises in the City of LA that are low-income or will retain low-income jobs
- Option 2: small businesses in the City of LA that will retain low-income jobs
Businesses may apply online for a City of LA Small Business Emergency Microloan. Registration will be required through our secure log-in system.

For more information, email the EWDD Emergency Microloan Management Team at EmergencyLoans@lacity.org.
EWDD is currently experiencing a high volume of calls and emails. Please be assured that we understand your concern and will respond as quickly as possible.