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Just like you, we are also small business owners living in unprecedented times of great uncertainty.  Based on our years of financing experience, we are committed to help our fellow business owners through this difficult time.  Not all of these programs will work for every business and every situation, but hopefully you will be able to apply at least one of these ideas to help you through this pandemic crisis.  Stay Safe!


Small Business

COVID-19 Relief Grant Program

$5,000 ~ $25,000

Things to Know:

  • Grant Amount: $5,000 ~ $25,000 (Depending on Annual Revenue)

  • Eligibility:

  1. Yearly gross revenue should be less than $2.5million, but at least $1,000

  2. Business has to be in operation since June 1, 2019

  3. Business must be adversely impacted by COVID-19.

  4. Business must be able to provide organizing documents including 2018 and 2019 tax returns.

  5. Applicants with multiple business entities are not eligible for multiple grants and are only allowed to apply once using their eligible small business with the highest revenues.

  • Application opens December 30, 2020 at8:00 AM PST.

Los Angeles City

Small Business Emergency Microloan

$5,000 ~ $20,000

(We think

this loan is not available)

Things to Know:

  • Loan Limits: $5,000 ~ $20,000

  • Interest Rates:

Option 1: 0% for a term of up to 18 months (up to 6 months payment defer)

Option 2: 3% for a term of up to 5 years (up to 12 months payment defer)

  • Requirements:

  1. Business must be located within the City of Los Angeles and have a Business Tax Registration Certificate prior to March 01, 2020​

  2. Credit check required

  3. Business owners who hold 20% or more ownership must guarantee the loan.

  4. Required documents include: a. Tax Returns, b. Online Loan Application, c. Business Financial Statement, d. Personal Financial Statement, e. Bank Statements (3 months), and f. Itemized Budget for Funds Requested.


(Economic Injury Disaster Loan)

up to $2,000,000

(Capped at $150,000)


(Available now)

  • Loan Limits: up to $2,000,000

  • Advance up to $10,000 (Grant) - You will get paid $1,000 per Employee

  • 3.75% Fixed for the loan term

  • Non-Profit Organization has lower interest rate 2.75%

  • Maximum loan term is 30 years

  • Any small businesses impacted by COVID 19 will be qualified.

  • Initial Application Process is very simple! (Online Streamline Process)

  • The loan is not disbursed all at once, but rather in increment over a period of time.

  • Any loan amount over $25,000 may require additional collateral such as business owner's real estate and other assets

  • Personal guaranty is required

  • For more detail information, please visit

FOR ADVANCE (up to $10,000), APPLY BEFORE 9/30/2020



(Paycheck Protection Program)

up to $10,000,000

Round 2 Started on 4/27/20

Ended on 6/30/20

We think it will be extended until 8/8/2020

  • Loan Limits: 2.5 x Average Monthly Payroll

  • 100% Forgiveness if: at least 75% of the loan is used for qualifying payroll cost, and you either don't lay off employees or if you rehire employees by june 30, 2020.

  • 1% Fixed interest rate, 2-year max term, and 6-month payment deferment

  • If the outstanding balance is carried as a loan, the interest rate and term will be 1% and 2 years.

  • Application is processed by the SBA approved lenders including many Banks and some online lenders.

UPDATES 4/16/20

The SBA is currently unable to accept new applications for the PPP based on available appropriations funding.

UPDATES 4/27/20

Approved lenders are now accepting  new PPP applications.  If your bank does not accept new applications, we recommend using online lenders.  Picking the right lender is critical. Please do your research on finding legitimate and reputable online lenders.  There are many fake lenders asking for your sensitive information.

UPDATES 6/22/20

Revised PPP Forgiveness application

UPDATES 7/2/20

PPP Application deadline was June 30, 2020.

As of 6/30/2020, there were unfunded funds about $150Bil.

Considering the available funds, there is high chance that its deadline to be extended.

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