{"id":2651,"date":"2020-04-20T11:16:44","date_gmt":"2020-04-20T18:16:44","guid":{"rendered":"http:\/\/box5220.temp.domains\/~uusmsvmy\/?p=2651"},"modified":"2020-04-27T16:08:20","modified_gmt":"2020-04-27T23:08:20","slug":"lacda-business-recovery-loan","status":"publish","type":"post","link":"https:\/\/www.kamainfo.org\/?p=2651","title":{"rendered":"LACDA-Business Recovery Loan"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.kamainfo.org\/wp-content\/uploads\/2020\/04\/\ucea1\ucc98-8-1024x282.png\" alt=\"\" class=\"wp-image-2652\" width=\"797\" height=\"219\" srcset=\"https:\/\/www.kamainfo.org\/wp-content\/uploads\/2020\/04\/\ucea1\ucc98-8-1024x282.png 1024w, https:\/\/www.kamainfo.org\/wp-content\/uploads\/2020\/04\/\ucea1\ucc98-8-300x83.png 300w, https:\/\/www.kamainfo.org\/wp-content\/uploads\/2020\/04\/\ucea1\ucc98-8-768x212.png 768w, https:\/\/www.kamainfo.org\/wp-content\/uploads\/2020\/04\/\ucea1\ucc98-8.png 1200w\" sizes=\"auto, (max-width: 797px) 100vw, 797px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"709\" height=\"80\" src=\"https:\/\/www.kamainfo.org\/wp-content\/uploads\/2020\/04\/\ube48-\uacf5\uac04-4.png\" alt=\"\" class=\"wp-image-2653\" srcset=\"https:\/\/www.kamainfo.org\/wp-content\/uploads\/2020\/04\/\ube48-\uacf5\uac04-4.png 709w, https:\/\/www.kamainfo.org\/wp-content\/uploads\/2020\/04\/\ube48-\uacf5\uac04-4-300x34.png 300w\" sizes=\"auto, (max-width: 709px) 100vw, 709px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong>LACDA\uc758 \uc18c\uae30\uc5c5\uc744 \ub3d5\uae30 \uc704\ud55c <\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong> Business Recovery Loan\uc5d0 \uc2e0\uccad\ud558\uc138\uc694!<\/strong><\/p>\n\n\n\n<p><strong>LACDA Business Recovery Loan<\/strong><\/p>\n\n\n\n<p>\ucf54\ub85c\ub098\ub85c \uc778\ud574 \uc0ac\uc5c5\uc5d0 \uc5b4\ub824\uc6c0\uc744 \uacaa\uace0 \uacc4\uc2e0\uac00\uc694? LACDA\uc758 \uc18c\uae30\uc5c5\uc744 \ub3d5\uae30 \uc704\ud55c Business Recovery Loan\uc5d0 \uc2e0\uccad\ud558\uc138\uc694.<br><br><strong>\uc774\ub807\uac8c \ub3c4\uc640\ub4dc\ub9bd\ub2c8\ub2e4:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\uc9c1\uc6d0 \uae09\uc5ec<\/li><li>\uc9c1\uc6d0 \uc720\uae09 \ubcd1\uac00 \uae09\uc5ec<\/li><li>\uc6b4\uc601\uc744 \uc9c0\uc18d\ud558\uae30 \uc704\ud55c \uacbd\uc601\uc790\ubcf8<\/li><li>\ubbf8\uacb0\uc81c \uc0ac\uc5c5 \ube44\uc6a9 \ub0a9\ubd80<\/li><li>\uc0ac\uc5c5 \uc6b4\uc601\uc744 \uc720\uc9c0\ud558\uae30 \uc704\ud574 \ud544\uc694\ud55c \uc801\uc751\ud615 \uc0ac\uc5c5 \uc804\ub7b5 \ub3c4\uc6c0<\/li><\/ul>\n\n\n\n<p><strong>\ub300\ucd9c&nbsp;<\/strong><strong>\uc138\ubd80<\/strong><strong>\uc0ac\ud56d<\/strong><strong>:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\ud604\uc7ac&nbsp;\uae08\ub9ac&nbsp;2.44%<\/li><li>\uae30\uac04&nbsp;5\ub144<\/li><li>\uccab&nbsp;12\uac1c\uc6d4&nbsp;\ub3d9\uc548&nbsp;\uc6d0\uae08,&nbsp;\uc774\uc790\uae08&nbsp;\uc5f0\uae30<\/li><li>\ub2f4\ubcf4&nbsp;\ubd88\ud544\uc694<\/li><\/ul>\n\n\n\n<p>\ucd5c\ub300&nbsp;\ub300\ucd9c&nbsp;\uae08\uc561: $20,000<\/p>\n\n\n\n<p><br><strong>&lt;\ub300\ucd9c \uc2e0\uccad \ubc29\ubc95&gt;<\/strong><\/p>\n\n\n\n<p><strong>Step 1. \ub300\ucd9c \uc790\uaca9 \uc5ec\ubd80 \ud655\uc778\ud558\uae30<\/strong><\/p>\n\n\n\n<p>\ub300\ucd9c\uc744 \ubc1b\uc73c\ub824\uba74 \ub85c\uc2a4\uc564\uc824\ub808\uc2a4 \uce74\uc6b4\ud2f0\uc758 \ube44\ubc94\uc778\uc9c0\uad6c \ub610\ub294 \uc9c0\uc5ed\uc0ac\ud68c\uac1c\ubc1c \ube14\ub85d \uad50\ubd80\uae08 \ucc38\uc5ec\ub3c4\uc2dc (Community Development Block Grant Participating City) \ub0b4\uc5d0 \uc788\uc5b4\uc57c \ud569\ub2c8\ub2e4. \uc544\ub798 \ub9c1\ud06c\ub97c \ud1b5\ud574&nbsp;\uc0ac\uc5c5\uc7a5 \uc704\uce58\ub97c \ud655\uc778\ud558\uc2ed\uc2dc\uc624:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"http:\/\/lacounty.maps.arcgis.com\/apps\/webappviewer\/index.html?id=8d0d37391db4405c80140905e84ac8d2\" target=\"_blank\" rel=\"noreferrer noopener\">Unincorporated area of Los Angeles County<\/a><\/li><li><a href=\"https:\/\/wwwa.lacda.org\/docs\/default-source\/business-recovery-loan-program-resources\/participating-cities.pdf?sfvrsn=dba296bd_0\" target=\"_blank\" rel=\"noreferrer noopener\">Community Development Block Grant Participating Cities<\/a><\/li><\/ul>\n\n\n\n<p><br><strong>Step 2. \uc0ac\uc5c5 \uc120\uc5b8<\/strong><\/p>\n\n\n\n<p>\uadc0\ud558\uc758 \ube44\uc988\ub2c8\uc2a4\uac00 \ub300\ucd9c\uc5d0 \uc790\uaca9\uc774 \ub418\ub824\uba74 \ub2e4\uc74c \uc0ac\ud56d\uc774 \uc0ac\uc2e4\uc778\uc9c0 \ud655\uc778\ud558\uc2ed\uc2dc\uc624:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>\ube44\uc601\ub9ac \ub2e8\uccb4\uac00 \uc544\ub2c8\ub2e4<\/li><li>2020\ub144 3\uc6d4 19\uc77c \ucf54\ub85c\ub098 \uc7ac\ub09c \uc120\uc5b8\ub54c\ub85c\ubd80\ud130 \uc9c1\uc6d0 \uc218\ub294 25\uba85 \ubbf8\ub9cc\uc774\ub2e4<\/li><li>\uadc0\ud558\uc758 \ube44\uc988\ub2c8\uc2a4\ub294 \ub300\ucd9c \uc2e0\uccad\uc77c\ub85c\ubd80\ud130 \ucd5c\uc18c 2\ub144 \uc774\uc0c1 \uc6b4\uc601\ud558\uace0 \uc788\ub2e4<\/li><\/ol>\n\n\n\n<p><strong>FAQ<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\ub300\ucd9c \uc2e0\uccad\uc740 \uc120\ucc29\uc21c\uc73c\ub85c \ucc98\ub9ac\ub429\ub2c8\ub2e4.<\/li><li>\uc18c\uc720\uad8c 20% \uc774\uc0c1\uc778 \ubaa8\ub4e0 \uc18c\uc720\uc790\uc5d0\uac8c \uac1c\uc778 \ubcf4\uc99d\uc774 \ud544\uc694\ud569\ub2c8\ub2e4.<\/li><li>Business Recovery Loan\uc744 \uc2e0\uccad\ud558\ub824\uba74&nbsp;<a href=\"https:\/\/bizrecoveryloans.lacda.org\/\">https:\/\/bizrecoveryloans.lacda.org<\/a>\ub97c&nbsp;\ubc29\ubb38\ud558\uc5ec&nbsp;\uc628\ub77c\uc778&nbsp;\uc2e0\uccad\uc11c\ub97c&nbsp;\uc791\uc131\ud574&nbsp;\uc8fc\uc138\uc694.<\/li><li>\uc2e0\uccad\uc11c&nbsp;\uc791\uc131\uc5d0&nbsp;\ub3c4\uc6c0\uc774&nbsp;\ud544\uc694\ud560&nbsp;\uacbd\uc6b0&nbsp;SBDC(\uc911\uc18c\uae30\uc5c5&nbsp;\uac1c\ubc1c \uc13c\ud130)\uc5d0&nbsp;\ub3c4\uc6c0\uc744&nbsp;\uccad\ud558\uc2e4&nbsp;\uc218&nbsp;\uc788\uc2b5\ub2c8\ub2e4.&nbsp;<a href=\"https:\/\/smallbizla.org\/act\">https:\/\/smallbizla.org\/act<\/a>\ub97c&nbsp;\ubc29\ubb38\ud558\uc138\uc694.<\/li><li>\uc2e0\uccad\uc11c\uc5d0 \ud544\uc694\ud55c \ub0b4\uc6a9\uc740&nbsp;\ub2e4\uc74c\uacfc \uac19\uc2b5\ub2c8\ub2e4:<br>* social security number<br>* Tax ID number (\ud574\ub2f9\ub418\ub294 \uacbd\uc6b0)<br>* \uac1c\uc778 \uc7ac\ubb34 \uc81c\ud45c<br>* \ubd80\ucc44 \uc77c\uc815\ud45c (\ud574\ub2f9\ub418\ub294 \uacbd\uc6b0)<br>* \uc18c\ub4dd \uc2e0\uace0\uc11c<br>* \uae30\ud0c0 \uc0ac\uc5c5 \uae08\uc735<br>LACDA\ub294 \uc2e0\uccad \uc808\ucc28\ub97c \uc9c4\ud589\ud558\uae30 \uc704\ud574 \ucd94\uac00 \uc815\ubcf4\ub97c \uc694\uccad\ud560 \uad8c\ub9ac\uac00 \uc788\uc2b5\ub2c8\ub2e4.<\/li><li>SBA \ub300\ucd9c\uc744 \uc2e0\uccad\ud588\uc744 \uacbd\uc6b0\uc5d0\ub3c4 \uc2e0\uccad \uac00\ub2a5\ud569\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \ub450 \uac00\uc9c0 \ub300\ucd9c \ubaa8\ub450 \uc2b9\uc778\ub420 \uacbd\uc6b0 LACDA \ub300\ucd9c\uae08\uc740 \uae09\uc5ec \ube44\uc6a9\uc73c\ub85c \uc0ac\uc6a9\ud560 \uc218 \uc5c6\uc2b5\ub2c8\ub2e4. SBA PPP\ub97c \ud1b5\ud574 \uc9c0\uc6d0\uc744 \ubc1b\uc744 \uacbd\uc6b0 PPP \uc9c0\uc6d0\uae08\uc744 \uae09\uc5ec\ube44\uc6a9\uc5d0 \uc0ac\uc6a9\ud558\uace0 LACDA \ub300\ucd9c\uae08\uc73c\ub85c \uc784\ucc28\ub8cc, \ubcf4\ud5d8, \uc720\ud2f8\ub9ac\ud2f0 \ub4f1\uacfc \uac19\uc740 \uae30\ud0c0 \ube44\uae09\uc5ec \uad00\ub828 \uacbd\uc601\uc790\ubcf8 \ube44\uc6a9\uc5d0 \uc0ac\uc6a9\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/li><li>Uber \ub4dc\ub77c\uc774\ubc84\ub85c \uadfc\ubb34\ud558\ub294 \uac1c\uc778\ub294 LACDA \ub300\ucd9c\uc5d0 \uc2e0\uccad\ud560 \uc218 \uc5c6\uc2b5\ub2c8\ub2e4.<\/li><li>LACDA Business Recovery Loan\uc740 \ubcf4\uc870\uae08\uc774 \uc544\ub2d9\ub2c8\ub2e4.<\/li><li>\ud604\uc7ac\ub85c\uc11c&nbsp;<a href=\"https:\/\/bizrecoveryloans.lacda.org\/\">https:\/\/bizrecoveryloans.lacda.org<\/a>\ub97c&nbsp;\ud1b5\ud574&nbsp;\uc628\ub77c\uc778 \uc2e0\uccad\ub9cc \ubc1b\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/li><li>\uc2e0\uccad \ud6c4 \uc8fc\ub85c \uc601\uc5c5\uc77c \uae30\uc900 3~5\uc77c \uc774\ub0b4\uc5d0 \ub2f5\ubcc0\uc744 \ub4dc\ub9bd\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \ucd5c\uadfc \ucd9c\uc2dc \uc774\ud6c4 \uc2e0\uccad \uc218\uac00 \ub9ce\uc544 \ub2f5\ubcc0\uc774 \uc9c0\uc5f0\ub420 \uc218 \uc788\ub294 \uc810 \uc591\ud574 \ubd80\ud0c1\ub4dc\ub9bd\ub2c8\ub2e4.<\/li><li>\uc7ac\ubb34\uc815\ubcf4\ub294 \uc628\ub77c\uc778 \uc2e0\uccad\uc11c\uc5d0 \uc791\uc131\ud558\uace0 \uc628\ub77c\uc778 \ud3ec\ud138\uc744 \ud1b5\ud574 \uc81c\ucd9c\ud574\uc57c \ud569\ub2c8\ub2e4. \uc7ac\ubb34 \uc815\ubcf4\ub97c BizRecovery@lacda.org\ub85c \ubcf4\ub0b4\uc9c0 \ub9c8\uc2ed\uc2dc\uc624.<\/li><li>\ud544\uc694\ud55c \uc11c\ub958\ub97c \uc5c5\ub85c\ub4dc\ud558\uace0 \u201c\uc81c\ucd9c\u201d\ubc84\ud2bc\uc744 \ub204\ub974\uae30 \uc804\uae4c\uc9c0 \uc2e0\uccad\uc774 \uc644\ub8cc\ub418\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uc2e0\uccad\uc11c\ub97c \uc131\uacf5\uc801\uc73c\ub85c \uc81c\ucd9c\ud558\uba74 \uac80\ud1a0 \ub300\uae30 \uc911\uc774\ub77c\ub294 \uc811\uc218 \ud655\uc778 \uc774\uba54\uc77c\uc744 \ubc1b\uac8c \ub429\ub2c8\ub2e4.<\/li><\/ul>\n\n\n\n<p><strong>&lt;\ubb38\uc758 \uc5f0\ub77d\ucc98&gt;<\/strong><\/p>\n\n\n\n<p><strong>\uc804\ud654\ubc88\ud638<\/strong><strong>:<\/strong>&nbsp;(626) 586-1856<\/p>\n\n\n\n<p><strong>\uc774\uba54\uc77c<\/strong><strong>:<\/strong>&nbsp;&nbsp;<a href=\"mailto:BizRecovery@lacda.org\" target=\"_blank\" rel=\"noreferrer noopener\">BizRecovery@lacda.org<\/a>&nbsp;(\uc774\uba54\uc77c\ub85c&nbsp;\uc7ac\ubb34\uc815\ubcf4\ub97c&nbsp;\ubcf4\ub0b4\uc9c0&nbsp;\ub9c8\uc138\uc694.)<\/p>\n\n\n\n<p><br>\uae30\ud0c0 \ubb38\uc758\uc0ac\ud56d\uc740&nbsp;<a href=\"https:\/\/smallbizla.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/smallbizla.org\/<\/a>\ub97c \ubc29\ubb38\ud574\uc8fc\uc138\uc694.<\/p>\n\n\n\n<p>\uc6d0\ubb38 \ubcf4\ub7ec\uac00\uae30:&nbsp;<a href=\"https:\/\/wwwa.lacda.org\/economicdevelopment\/business-recovery-loans\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/wwwa.lacda.org\/economicdevelopment\/business-recovery-loans<\/a><\/p>\n\n\n\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n\n\n\n<p><strong>HAS THE&nbsp;COVID-19 PANDEMIC&nbsp;CAUSED YOUR BUSINESS FINANCIAL DIFFICULTY?<\/strong><\/p>\n\n\n\n<p>The Los Angeles County Development Authority is here to help the County\u2019s small businesses during this unprecedented time.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>HOW WE CAN HELP<\/a><\/h3>\n\n\n\n<p><strong>We can help you with:<\/strong><\/p>\n\n\n\n<p>&#8211;&nbsp; Employee payroll<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;Payroll for employee sick time&nbsp;&nbsp;<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;Working capital to continue operations<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;Payment of outstanding business expenses<\/p>\n\n\n\n<p>&#8211;&nbsp; Adaptive business practices needed to remain open<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>LOAN DETAILS<\/a><\/h3>\n\n\n\n<p>&#8211;&nbsp; Interest rate is currently at 2.44%<br>&#8211;&nbsp; 5 year term<br>&#8211;&nbsp; Principal and interest payments deferred for the first 12 months<br>&#8211;&nbsp; No collateral needed<\/p>\n\n\n\n<p><strong>MAXIMUM LOAN AMOUNT<\/strong><br>$20,000<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>STEP 1. CONFIRM YOUR ELIGIBILITY<\/a><\/h3>\n\n\n\n<p>To be eligible for a loan your business MUST fall within an unincorporated area of Los Angeles County or a Community Development Block Grant Participating City.<\/p>\n\n\n\n<p>Please confirm your business location by checking with the links below<\/p>\n\n\n\n<p><a href=\"http:\/\/lacounty.maps.arcgis.com\/apps\/webappviewer\/index.html?id=8d0d37391db4405c80140905e84ac8d2\" target=\"_blank\" rel=\"noreferrer noopener\">Unincorporated area of Los Angeles County<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/wwwa.lacda.org\/docs\/default-source\/business-recovery-loan-program-resources\/participating-cities.pdf?sfvrsn=dba296bd_0\" target=\"_blank\" rel=\"noreferrer noopener\">Community Development Block Grant Participating Cities<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>STEP 2. BUSINESS DECLARATION<\/a><\/h3>\n\n\n\n<p>For your business to quality for a loan, you must confirm the following to be true.<\/p>\n\n\n\n<p>1.&nbsp; You are NOT a non-profit organization.<\/p>\n\n\n\n<p>2.&nbsp;&nbsp;As of the&nbsp;<a href=\"http:\/\/publichealth.lacounty.gov\/media\/coronavirus\/COVID-19_March%2021-HOOrder-7_00_FINAL2.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19 Disaster Declaration on March 19, 2020<\/a>, your business had 25 or fewer employees.<\/p>\n\n\n\n<p>3. Your business has been operating for at least two (2)&nbsp;years&nbsp;as of the loan application date.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>FAQs<\/a><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Loan Process<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a>How do I apply for a Business Recovery Loan?<\/a><\/h3>\n\n\n\n<p>You can fill out the online application at&nbsp;<a href=\"https:\/\/bizrecoveryloans.lacda.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/bizrecoveryloans.lacda.org<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Can someone assist me with completing my application?<\/a><\/h3>\n\n\n\n<p>Our partners at the Small Business Development Center (SBDC) are able to assist you with your application.<br><br>Visit&nbsp;<a href=\"https:\/\/smallbizla.org\/act\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/smallbizla.org\/act<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Can someone help me complete the loan application in another language?<\/a><\/h3>\n\n\n\n<p>Please email&nbsp;<a href=\"mailto:BizRecovery@lacda.org\" target=\"_blank\" rel=\"noreferrer noopener\">BizRecovery@lacda.org<\/a>&nbsp;for assistance in the following languages:<br>Spanish, Cantonese, Mandarin, and Russian.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>What information do I have to provide as part of the application?<\/a><\/h3>\n\n\n\n<p>Applicants will need to provide the following:<\/p>\n\n\n\n<p>&#8211;&nbsp; Social security number<\/p>\n\n\n\n<p>&#8211;&nbsp; Tax ID number (if applicable)<\/p>\n\n\n\n<p>&#8211;&nbsp; Personal financial statements<\/p>\n\n\n\n<p>&#8211;&nbsp; Debt schedule (if applicable)<\/p>\n\n\n\n<p>&#8211;&nbsp; Tax returns<\/p>\n\n\n\n<p>&#8211;&nbsp; Other business financials<\/p>\n\n\n\n<p>We reserve the right to ask for additional information to move forward with the application process.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Is the application available as a PDF?<\/a><\/h3>\n\n\n\n<p>At this time, our application can only be accessed online at&nbsp;<a href=\"https:\/\/bizrecoveryloans.lacda.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/bizrecoveryloans.lacda.org<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>I submitted an application. How long does the process take?<\/a><\/h3>\n\n\n\n<p>You will typically receive a response within three (3) to five (5) business days; however, due to the overwhelming number of applications received following the recent launch, responses may be delayed.<br><br>We are doing our best to respond to all applicants as quickly as possible, and apologize for any delays.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Can I submit my financial information as an attachment?<\/a><\/h3>\n\n\n\n<p>No, financial information must be completed in the online application and submitted through the online portal.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Do&nbsp;<strong>NOT<\/strong>&nbsp;send any financial information to BizRecovery@lacda.org.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Did my application go through?<\/a><\/h3>\n\n\n\n<p>Your application is not complete until you have uploaded the required documentation and hit the \u201cSubmit\u201d button.<br><br>Once you submit your application you will receive an email that we received it and it is pending review.<\/p>\n\n\n\n<p><strong>Loan Specifications<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Where is the source of the loan funds?<\/a><\/h3>\n\n\n\n<p>The loan program uses federal funds from the Economic Development Administration (EDA).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Is this program first-come, first-served?<\/a><\/h3>\n\n\n\n<p>Yes, applications will be processed on a first-come, first-served basis.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Will a personal guaranty be required?<\/a><\/h3>\n\n\n\n<p>Yes, it will be required for all owners with 20% or more ownership.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Why is this loan program only available in specific areas?<\/a><\/h3>\n\n\n\n<p>The Los Angeles County Development Authority (LACDA) receives and administers federal funds for the Los Angeles Urban County jurisdiction, which includes the unincorporated Los Angeles County and 48 participating cities.&nbsp; The cities that participate do not receive funds directly from the federal government, which is why they participate with the County. We are currently working on programs that may serve the needs of businesses outside of the unincorporated Los Angeles County and participating cities areas.<br><br>Please visit our website&nbsp;<a href=\"https:\/\/www.lacda.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.lacda.org<\/a>&nbsp;periodically for updates.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>General Questions<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a>I work for Uber. Can I apply?<\/a><\/h3>\n\n\n\n<p>Unfortunately, no. You are not eligible for the Program.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Can I also apply for the SBA Paycheck Protection Program?<\/a><\/h3>\n\n\n\n<p>Yes, you may apply for both; however, keep in mind that should both of your applications be approved, our loan funds cannot be used for payroll.&nbsp; If you receive SBA PPP assistance, you can use that for payroll, and use our loan funds for other non-payroll related working capital needs, such as rent, insurance, utilities, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>My company branched off less than two years ago. Am I eligible?<\/a><\/h3>\n\n\n\n<p>No, your business needs to be in standalone operations for at least two (2) years.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Is this a grant?<\/a><\/h3>\n\n\n\n<p>No, this is a loan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>If I don&#8217;t qualify, are there any additional resources to help me?<\/a><\/h3>\n\n\n\n<p>Please check out the following websites:<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sba.gov\/business-guide\/manage-your-business\/prepare-emergencies\" target=\"_blank\" rel=\"noreferrer noopener\">Emergency Resources for Small Business<\/a><br><a href=\"https:\/\/lacountyhelpcenter.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">LA County Disaster Help Center<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/ewddlacity.com\/index.php\/ewdd-covid19\" target=\"_blank\" rel=\"noreferrer noopener\">Los Angeles Economic Development Department<\/a><\/p>\n\n\n\n<p>If you have a question that was not answered, please email us at&nbsp;<a href=\"mailto:BizRecovery@lacda.org\" target=\"_blank\" rel=\"noreferrer noopener\">BizRecovery@lacda.org<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>My business is run from my home. Do I include lease information?<\/a><\/h3>\n\n\n\n<p>If you lease your home, the answer is, yes.&nbsp;<br>If you own your home, the answer is, no.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a>Is this the same as the SBA loan?<\/a><\/h3>\n\n\n\n<p>No, we are not affiliated with the SBA Disaster Assistance Loan<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><a>HOW TO REACH US<\/a><\/strong><\/h3>\n\n\n\n<p><strong>Phone:<\/strong>&nbsp;(626) 586-1856<\/p>\n\n\n\n<p><strong>Email:<\/strong>&nbsp;&nbsp;<a href=\"mailto:BizRecovery@lacda.org\" rel=\"noreferrer noopener\" target=\"_blank\">BizRecovery@lacda.org<\/a><br><br><strong>Please Note:<\/strong>&nbsp;Do not send any financial information to this email address.<\/p>\n\n\n\n<p><br><strong>FOR ADDITIONAL HELP<\/strong><br>Please visit:&nbsp;<a href=\"https:\/\/smallbizla.org\/\" rel=\"noreferrer noopener\" target=\"_blank\">https:\/\/smallbizla.org<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LACDA\uc758 \uc18c\uae30\uc5c5\uc744 \ub3d5\uae30 \uc704\ud55c Business Recovery Loan\uc5d0 \uc2e0\uccad\ud558\uc138\uc694! LACDA Business Recovery Loan \ucf54\ub85c\ub098\ub85c \uc778\ud574 \uc0ac\uc5c5\uc5d0 \uc5b4\ub824\uc6c0\uc744 \uacaa\uace0 \uacc4\uc2e0\uac00\uc694? LACDA\uc758 \uc18c\uae30\uc5c5\uc744 \ub3d5\uae30 \uc704\ud55c Business Recovery Loan\uc5d0 \uc2e0\uccad\ud558\uc138\uc694. \uc774\ub807\uac8c \ub3c4\uc640\ub4dc\ub9bd\ub2c8\ub2e4: \uc9c1\uc6d0 \uae09\uc5ec \uc9c1\uc6d0 \uc720\uae09 \ubcd1\uac00 \uae09\uc5ec \uc6b4\uc601\uc744 \uc9c0\uc18d\ud558\uae30 \uc704\ud55c \uacbd\uc601\uc790\ubcf8 \ubbf8\uacb0\uc81c \uc0ac\uc5c5 \ube44\uc6a9 \ub0a9\ubd80 \uc0ac\uc5c5 \uc6b4\uc601\uc744 \uc720\uc9c0\ud558\uae30 \uc704\ud574 \ud544\uc694\ud55c \uc801\uc751\ud615 \uc0ac\uc5c5 \uc804\ub7b5 \ub3c4\uc6c0 \ub300\ucd9c&nbsp;\uc138\ubd80\uc0ac\ud56d: \ud604\uc7ac&nbsp;\uae08\ub9ac&nbsp;2.44% \uae30\uac04&nbsp;5\ub144 \uccab&nbsp;12\uac1c\uc6d4&nbsp;\ub3d9\uc548&nbsp;\uc6d0\uae08,&nbsp;\uc774\uc790\uae08&nbsp;\uc5f0\uae30&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,"_cbd_carousel_blocks":"[]","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,38],"tags":[],"class_list":["post-2651","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},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbBFDb-GL","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=\/wp\/v2\/posts\/2651","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=2651"}],"version-history":[{"count":1,"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=\/wp\/v2\/posts\/2651\/revisions"}],"predecessor-version":[{"id":2654,"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=\/wp\/v2\/posts\/2651\/revisions\/2654"}],"wp:attachment":[{"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kamainfo.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}