{"id":2648,"date":"2020-04-20T13:30:12","date_gmt":"2020-04-20T20:30:12","guid":{"rendered":"http:\/\/box5220.temp.domains\/~uusmsvmy\/?p=2648"},"modified":"2020-04-27T16:07:49","modified_gmt":"2020-04-27T23:07:49","slug":"%eb%a1%9c%ec%8a%a4%ec%95%a4%ec%a0%a4%eb%a0%88%ec%8a%a4%ec%8b%9c-%eb%a7%88%ec%9d%b4%ed%81%ac%eb%a1%9c-%eb%a1%a0-%ed%94%84%eb%a1%9c%ea%b7%b8%eb%9e%a8-5000-20000-%eb%8c%80%ec%b6%9c-%ec%9d%b4","status":"publish","type":"post","link":"https:\/\/www.kamainfo.org\/?p=2648","title":{"rendered":"\ub85c\uc2a4\uc564\uc824\ub808\uc2a4\uc2dc \ub9c8\uc774\ud06c\ub85c \ub860 \ud504\ub85c\uadf8\ub7a8 $5,000 &#8211; $20,000 \ub300\ucd9c &#8211; \uc774\uc790 0%"},"content":{"rendered":"\n<h4 class=\"has-text-align-center wp-block-heading\">CITY OF LA MICROLOAN PROGRAM<br>\ub85c\uc2a4\uc564\uc824\ub808\uc2a4\uc2dc \ub9c8\uc774\ud06c\ub85c \ub860 \ud504\ub85c\uadf8\ub7a8 $5,000 &#8211; $20,000 \ub300\ucd9c &#8211; \uc774\uc790 0%<\/h4>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><a href=\"https:\/\/ewddlacity.com\/index.php\/microloan-program\">https:\/\/ewddlacity.com\/index.php\/microloan-program<\/a><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube\"><div class=\"wp-block-embed__wrapper\">\n <iframe title=\"\ub85c\uc2a4\uc564\uc824\ub808\uc2a4\ud55c\uc778\ud68c - CITY OF LA MICROLOAN PROGRAM \ub85c\uc2a4\uc564\uc824\ub808\uc2a4\uc2dc \ub9c8\uc774\ud06c\ub85c \ub860 \ud504\ub85c\uadf8\ub7a8 $5,000 - $20,000 \ub300\ucd9c - \uc774\uc790 0%\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/yl046yTnOW4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><figcaption>\uc2e0\uccad\ubc29\ubc95 \uac00\uc774\ub4dc \ub3d9\uc601\uc0c1<br>\ucd9c\ucc98: KAFLA TV&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.youtube.com\/watch?v=yl046yTnOW4\" target=\"_blank\">https:\/\/www.youtube.com\/watch?v=yl046yTnOW4<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><a href=\"https:\/\/ewddlacity.com\/index.php\/microloan-program\">https:\/\/ewddlacity.com\/index.php\/microloan-program<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Microloan Terms<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Loan Limits<\/strong> &#8211; $5,000 to $20,000<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Interest Rates*<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Option 1:&nbsp; 0% for a term of up to 18 months,<br>&nbsp;&nbsp;<small><em>with repayment deferred for up to 6 months<\/em><\/small><\/li><li>Option 2:&nbsp; 3% for a term of up to 5 years,<br>&nbsp;&nbsp;<small><em>with repayment deferred for up to 12 months (for profit businesses)<\/em><\/small><\/li><li>Option 3:&nbsp; 2% for a term of up to 5 years,<br>&nbsp;&nbsp;<small><em>with repayment deferred for up to 12 months (for tax-exempt businesses)<\/em><\/small><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">*Loan term and rate will be determined based on the underwriting analysis and are subject to approval by the Loan Committee<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Prepayment Penalty<\/strong> &#8211; None<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Term<\/strong> &#8211; 18 months to 5 years<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Loan Fee &#8211; <\/strong>No fee<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Admin Fee &#8211; <\/strong>No fee<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Application Fee &#8211; <\/strong>No fee<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Eligible Uses &#8211; <\/strong>Working capital only<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Loan-to-Value Ratio &#8211; <\/strong>100%<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Eligible Borrowers<\/strong> &#8211; For-profit and tax-exempt businesses in the City of LA with 100 or fewer employees that have been negatively impacted by the COVID-19 outbreak and will make their best effort to continue or re-establish their business operations and employees<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Borrower Eligibility<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Certification<\/strong> &#8211; Business must have a Business Tax Registration Certificate with the City of Los Angeles&#8217; Office of Finance that was filed prior to March 01, 2020<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Credit &#8211; <\/strong>There is no credit minimum, however the principal business owner(s) must have reasonable and responsible personal credit history and an acceptable explanation for any derogatory marks<br>Bankruptcies and debt write-offs must be at least 12 months old<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Cash Flow &#8211; <\/strong>Businesses must show that historical profits would have been sufficient to service the requested debt and that they have been impacted by the COVID-19 outbreak<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Location &#8211; <\/strong>Primary business operation must be physically located in a commercial\u2013use building within City of Los Angeles boundaries<br><em><a rel=\"noreferrer noopener\" href=\"http:\/\/zimas.lacity.org\/\" target=\"_blank\">(please use this City of LA online zoning tool to determine business location)<\/a><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Collateral &#8211; <\/strong>Evaluated on a case-by-case basis<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Required Guarantors &#8211; <\/strong>All business owners who hold 20% or more ownership must guarantee the loan<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Co-Signer &#8211; <\/strong>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<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Required Documentation<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Complete Loan Application<\/li><li>Business Tax Returns&nbsp;<em>(1 year, if available)<\/em><\/li><li>Interim Business Financial Statement<\/li><li>Personal Financial Statement<\/li><li>Personal Tax Returns&nbsp;<em>(1 year)<\/em><\/li><li>Bank Statements&nbsp;<em>(3 months)<\/em><\/li><li>Itemized Budget for Funds Requested<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CITY OF LA MICROLOAN PROGRAM\ub85c\uc2a4\uc564\uc824\ub808\uc2a4\uc2dc \ub9c8\uc774\ud06c\ub85c \ub860 \ud504\ub85c\uadf8\ub7a8 $5,000 &#8211; $20,000 \ub300\ucd9c &#8211; \uc774\uc790 0% https:\/\/ewddlacity.com\/index.php\/microloan-program https:\/\/ewddlacity.com\/index.php\/microloan-program Microloan Terms Loan Limits &#8211; $5,000 to $20,000 Interest Rates* Option 1:&nbsp; 0% for a term of up to 18 months,&nbsp;&nbsp;with repayment deferred for up to 6 months Option 2:&nbsp; 3% for a term of up to 5&hellip;<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_cbd_carousel_blocks":"[]","om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[16,38],"tags":[],"class_list":["post-2648","post","type-post","status-publish","format-standard","hentry","category-news","category-newsletter","category-16","category-38","description-off"],"featured_image_src":{"landsacpe":false,"list":false,"medium":false,"full":false},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"thumblist":false,"meccarouselthumb":false,"gridsquare":false,"tileview":false,"1536x1536":false,"2048x2048":false,"cn-category-thumb":false,"the7_mphb_gallery_image_size":false},"uagb_author_info":{"display_name":"YH KIM","author_link":"https:\/\/www.kamainfo.org\/?author=6"},"uagb_comment_info":0,"uagb_excerpt":"CITY OF LA MICROLOAN PROGRAM\ub85c\uc2a4\uc564\uc824\ub808\uc2a4\uc2dc \ub9c8\uc774\ud06c\ub85c \ub860 \ud504\ub85c\uadf8\ub7a8 $5,000 &#8211; $20,000 \ub300\ucd9c &#8211; \uc774\uc790 0% https:\/\/ewddlacity.com\/index.php\/microloan-program https:\/\/ewddlacity.com\/index.php\/microloan-program Microloan Terms Loan Limits &#8211; $5,000 to $20,000 Interest Rates* Option 1:&nbsp; 0% for a term of up to 18 months,&nbsp;&nbsp;with repayment deferred for up to 6 months Option 2:&nbsp; 3% for a term of up to 5&hellip;","jetpack_featured_media_url":"","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=\/wp\/v2\/posts\/2648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2648"}],"version-history":[{"count":2,"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=\/wp\/v2\/posts\/2648\/revisions"}],"predecessor-version":[{"id":2655,"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=\/wp\/v2\/posts\/2648\/revisions\/2655"}],"wp:attachment":[{"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}