Nonprofits
The City of Los Angeles is home to thousands of nonprofit and community based organizations that are an essential part of our life and communities. Below are resources and information about programs and grants that can help these organizations continue to thrive and serve the City during the coronavirus pandemic.
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides significant relief for nonprofit organizations.
For small nonprofit organizations with 500 or fewer employees, the following programs and grants are available through the CARES Act:
- Small Businesses Administration (SBA) loans and loan forgiveness, also known as the Paycheck Protection Program (PPP) – Deadline: August 8, 2020
- Emergency Economic Injury Disaster Loans (EIDL) grants – Deadline: December 21, 2020
- Emergency Retention Credit – Deadline: December 21, 2020
- Deferral of Payroll Taxes – Deadline: December 21, 2020
For large nonprofit organizations with 500 or more employees, the following programs and grants are available through the CARES Act:
- Economic Stabilization Fund
- Emergency Economic Injury Disaster Loans (EIDL) grants
- Emergency Retention Credit – Deadline: December 21, 2020
- Deferral of Payroll Taxes – Deadline: December 21, 2020
Small Business Finance Center
The Small Business Finance Center (SBFC) helps businesses create and retain jobs, and encourages investment in low- to moderate-income communities. The SBFC has several programs to support small business, including a Disaster Relief Loan Guarantee, a Jump Start Loan Program and more.
Eligible Applicants
- Small businesses located in California with 1-750 employees that have been negatively impacted or experienced disruption by COVID-19
- Eligible nonprofits
Guarantee Terms:
- Guaranteed up to 7 years
- Guarantees up to 95% of loan
- Loan interest rates negotiated between lender and borrower
- Qualifications based on lender criteria
Loan proceeds to be used for continuance of business including, but not limited to:
- The funds are meant to help small businesses through this challenging time. Loan proceeds can be used for business continuance or to cure “economic injury” as a result of the COVID-19 pandemic.
How to Apply
Qualifying small business owners may apply directly with a participating lender:
Here is more information on emergency funding sources from Philanthropy California.
