{"id":1785,"date":"2020-04-08T13:57:53","date_gmt":"2020-04-08T13:57:53","guid":{"rendered":"https:\/\/www.foundla.org\/new\/?p=1785"},"modified":"2020-09-26T01:16:50","modified_gmt":"2020-09-26T01:16:50","slug":"the-cash-you-need-to-ride-out-covid-19","status":"publish","type":"post","link":"https:\/\/www.foundla.org\/new\/the-cash-you-need-to-ride-out-covid-19\/","title":{"rendered":"The cash you need to ride out COVID-19"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;3.22&#8243;][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;4.6.2&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; width=&#8221;100%&#8221; sticky_enabled=&#8221;0&#8243;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Text&#8221; _builder_version=&#8221;4.6.2&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h2 style=\"text-transform: uppercase; letter-spacing: 3px; text-align: left;\"><strong>Small Business News<\/strong><\/h2>\n<p><strong>We know you&#8217;re strapped for cash.<\/strong><\/p>\n<p>We&#8217;ve been talking to entrepreneurs like you for the last two weeks. What we&#8217;ve heard is a resounding need for fast, reliable cash to pay for the hard costs associated with owning a business and you get through this uncertain and scary time. To that end, we&#8217;ve compiled a list of trustworthy, non-predatory lenders that can get you the cash you need (preferably quickly!).<\/p>\n<p>The majority of the lenders listed below are CDFIs, or Community Development Financial Institutions. This means they&#8217;re mission-driven, and are 100% committed to delivering responsible, affordable lending.<\/p>\n<h2 style=\"text-transform: uppercase; letter-spacing: 3px; text-align: left;\"><strong>LENDERS WE TRUST<\/strong><\/h2>\n<ul>\n<li><a href=\"https:\/\/www.opportunityfund.org\/assistance-for-small-business-owners-affected-by-covid-19\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Opportunity Fund&#8217;s &#8220;Small Business Relief Program&#8221;<\/strong><\/a> &#8211; Loan payment relief for existing borrowers, affordable loan capital and expert advice for new borrowers affected by COVID-19<\/li>\n<li><a href=\"https:\/\/ewddlacity.com\/index.php\/microloan-program\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>City of LA&#8217;s &#8220;Small Business Emergency Micro-loan Program&#8221;<\/strong><\/a> &#8211; Micro-loans between $5,000 and $20,000 to businesses affected by COVID-19<\/li>\n<li><a href=\"https:\/\/www.pacificcommunityventures.org\/small-business-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Pacific Community Ventures &#8220;Small Business Loans&#8221;<\/strong><\/a> &#8211; Provides loans between $10,000 and $200,000 for small business owners in CA<\/li>\n<li><a href=\"https:\/\/cdcloans.com\/emergencyrelief\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CDC Small Business Finance&#8217;s &#8220;C-19 Emergency Relief Micro-Loan&#8221;<\/strong><\/a> &#8211; Up to $50,000 for businesses in CA<\/li>\n<li><a href=\"https:\/\/cdcloans.com\/emergencyrelief\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CDC Small Business Finance&#8217;s &#8220;C-19 Emergency Relief Working Capital Loan&#8221;<\/strong><\/a> &#8211; Up to $150,000 in working capital<\/li>\n<li><a href=\"https:\/\/www.kiva.org\/borrow\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Kiva<\/strong><\/a> &#8211; Maximum loan amount increased to $15,000 with a six month grace period<\/li>\n<li><a href=\"https:\/\/www.ibank.ca.gov\/small-business-finance-center\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CA iBank &#8220;Disaster Relief Loan Guarantee&#8221; Program<\/strong><\/a> &#8211; Provides loan guarantees and direct loans for small businesses<\/li>\n<li><a href=\"https:\/\/lcmspubcontact.lc.ca.gov\/PublicLCMS\/LinkTracking.php?id=486778&amp;eaid=592419&amp;url=https%3A%2F%2Fwww.sba.gov%2Fpage%2Fcoronavirus-covid-19-small-business-guidance-loan-resources&amp;tid=AD54C744424018\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Small Business Association&#8217;s &#8220;Disaster Relief&#8221; Program<\/strong><\/a> &#8211; Provides working capital loans up to $2M<\/li>\n<li><a href=\"https:\/\/www.ibank.ca.gov\/small-business-finance-center\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CA iBank &#8220;Jump Start&#8221; Loan Program<\/strong><\/a> &#8211; Micro-loans from $500 to $10,000 for low-to-moderate income business owners<\/li>\n<li><a href=\"https:\/\/www.inclusiveaction.org\/covid19response\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Inclusive Action for the City&#8217;s &#8220;Street Vendor Emergency Fund&#8221;<\/strong><\/a> &#8211; Direct cash assistance for vendors who cannot access resources from the government<\/li>\n<li><a href=\"http:\/\/www.jfla.org\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Jewish Free Loan<\/strong><\/a> &#8211; Currently offering $3,000 emergency loans<\/li>\n<\/ul>\n<p>Free business counseling is available through a <a href=\"https:\/\/lcmspubcontact.lc.ca.gov\/PublicLCMS\/LinkTracking.php?id=486777&amp;eaid=592419&amp;url=http%3A%2F%2Fstatic.business.ca.gov%2Fwp-content%2Fuploads%2F2019%2F12%2F2019-TA-Providers-Guide.pdf&amp;tid=AD54C744424018\" target=\"_blank\" rel=\"noopener noreferrer\">network of 70 small business assistance centers throughout CA<\/a>. At these centers, you can learn about different disaster response programs and receive help in accessing available resources.<\/p>\n<p>For other kinds of technical support, check out the <a href=\"https:\/\/www.pacificcommunityventures.org\/small-business-advising\/\" target=\"_blank\" rel=\"noopener noreferrer\">Business Advising<\/a> that Pacific Community Ventures is offering, free of charge. We&#8217;re also loving the <a href=\"https:\/\/smallbusinessmajority.org\/covid-19-daily-updates-for-small-businesses\" target=\"_blank\" rel=\"noopener noreferrer\">Daily Updates for Small Businesses<\/a> that Small Business Majority is putting out.<\/p>\n<p>Finally, we\u2019ve created a <a href=\"https:\/\/www.facebook.com\/groups\/817441918747542\/?\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook Group<\/a> for Small Business Owners affected by COVID-19. Join us there to share your story, learn about resources as they become available, and share ways we can help and support each other during this time.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.6.2&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.6.2&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.6.2&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;||||true|false&#8221; custom_padding=&#8221;30px|30px|30px|30px|true|true&#8221; hover_enabled=&#8221;0&#8243; border_width_all=&#8221;2px&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p style=\"text-align: center;\">We&#8217;re all in this together.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small Business News We know you&#8217;re strapped for cash. We&#8217;ve been talking to entrepreneurs like you for the last two weeks. What we&#8217;ve heard is a resounding need for fast, reliable cash to pay for the hard costs associated with owning a business and you get through this uncertain and scary time. To that end, we&#8217;ve compiled a list of trustworthy, non-predatory lenders that can get you the cash you need (preferably quickly!). The majority of the lenders listed below are CDFIs, or Community Development Financial Institutions. This means they&#8217;re mission-driven, and are 100% committed to delivering responsible, affordable lending. LENDERS WE TRUST Opportunity Fund&#8217;s &#8220;Small Business Relief Program&#8221; &#8211; Loan payment relief for existing borrowers, affordable loan capital and expert advice for new borrowers affected by COVID-19 City of LA&#8217;s &#8220;Small Business Emergency Micro-loan Program&#8221; &#8211; Micro-loans between $5,000 and $20,000 to businesses affected by COVID-19 Pacific Community Ventures &#8220;Small Business Loans&#8221; &#8211; Provides loans between $10,000 and $200,000 for small business owners in CA CDC Small Business Finance&#8217;s &#8220;C-19 Emergency Relief Micro-Loan&#8221; &#8211; Up to $50,000 for businesses in CA CDC Small Business Finance&#8217;s &#8220;C-19 Emergency Relief Working Capital Loan&#8221; &#8211; Up to $150,000 in working capital Kiva [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<div class=\"light-full-width move-up\">\n<p class=\"plarge\">The Cash You Need\nTo Ride Out COVID-19<\/p>\n\n<div class=\"clearfix\"><\/div>\n<\/div>\n<div class=\"smltxt\">\n<h2 style=\"text-align: center;text-transform: uppercase;letter-spacing: 3px\"><strong>Small Business News<\/strong><\/h2>\n<p style=\"font-size: 16px\"><strong>We know you're strapped for cash.<\/strong>\nWe've been talking to entrepreneurs like you for the last two weeks. What we've heard is a resounding need for fast, reliable cash to pay for the hard costs associated with owning a business and you get through this uncertain and scary time. To that end, we've compiled a list of trustworthy, non-predatory lenders that can get you the cash you need (preferably quickly!).<\/p>\n<p style=\"font-size: 16px\">The majority of the lenders listed below are CDFIs, or Community Development Financial Institutions. This means they're mission-driven, and are 100% committed to delivering responsible, affordable lending.<\/p>\n&nbsp;\n<p style=\"font-size: 24px\"><strong>LENDERS WE TRUST<\/strong><\/p>\n<p style=\"font-size: 16px\"><\/p>\n\n<ul>\n \t<li><a href=\"https:\/\/www.opportunityfund.org\/assistance-for-small-business-owners-affected-by-covid-19\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Opportunity Fund's \"Small Business Relief Program\"<\/strong><\/a> - Loan payment relief for existing borrowers, affordable loan capital and expert advice for new borrowers affected by COVID-19<\/li>\n \t<li><a href=\"https:\/\/ewddlacity.com\/index.php\/microloan-program\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>City of LA's \"Small Business  Emergency Micro-loan Program\"<\/strong><\/a> - Micro-loans between $5,000 and $20,000 to businesses affected by COVID-19<\/li>\n \t<li><a href=\"https:\/\/www.pacificcommunityventures.org\/small-business-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Pacific Community Ventures \"Small Business Loans\"<\/strong><\/a> - Provides loans between $10,000 and $200,000 for small  business owners in CA<\/li>\n \t<li><a href=\"https:\/\/cdcloans.com\/emergencyrelief\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CDC Small Business Finance's \"C-19 Emergency Relief Micro-Loan\"<\/strong><\/a> - Up to $50,000 for businesses in CA<\/li>\n \t<li><a href=\"https:\/\/cdcloans.com\/emergencyrelief\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CDC Small Business Finance's \"C-19 Emergency Relief Working Capital Loan\"<\/strong><\/a> - Up to $150,000 in working capital<\/li>\n \t<li><a href=\"https:\/\/www.kiva.org\/borrow\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Kiva<\/strong><\/a> - Maximum loan amount increased to $15,000 with a six month grace period<\/li>\n \t<li><a href=\"https:\/\/www.ibank.ca.gov\/small-business-finance-center\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CA iBank \"Disaster Relief Loan Guarantee\" Program<\/strong><\/a> - Provides loan guarantees and direct loans for small businesses<\/li>\n \t<li><a href=\"https:\/\/lcmspubcontact.lc.ca.gov\/PublicLCMS\/LinkTracking.php?id=486778&amp;eaid=592419&amp;url=https%3A%2F%2Fwww.sba.gov%2Fpage%2Fcoronavirus-covid-19-small-business-guidance-loan-resources&amp;tid=AD54C744424018\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Small Business Association's \"Disaster Relief\" Program<\/strong><\/a> - Provides working capital loans up to $2M<\/li>\n \t<li><a href=\"https:\/\/www.ibank.ca.gov\/small-business-finance-center\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CA iBank \"Jump Start\" Loan Program<\/strong><\/a> - Micro-loans from $500 to $10,000 for low-to-moderate income business owners<\/li>\n \t<li><a href=\"https:\/\/www.inclusiveaction.org\/covid19response\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Inclusive Action for the City's \"Street Vendor Emergency Fund\"<\/strong><\/a> - Direct cash assistance for vendors who cannot access resources from the government<\/li>\n \t<li><a href=\"http:\/\/www.jfla.org\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Jewish Free Loan<\/strong><\/a> - Currently offering $3,000 emergency loans<\/li>\n<\/ul>\n<p style=\"font-size: 16px\">Free business counseling is available through a <a href=\"https:\/\/lcmspubcontact.lc.ca.gov\/PublicLCMS\/LinkTracking.php?id=486777&amp;eaid=592419&amp;url=http%3A%2F%2Fstatic.business.ca.gov%2Fwp-content%2Fuploads%2F2019%2F12%2F2019-TA-Providers-Guide.pdf&amp;tid=AD54C744424018\" target=\"_blank\" rel=\"noopener noreferrer\">network of 70 small business assistance centers throughout CA<\/a>. At these centers, you can learn about different disaster response programs and receive help in accessing available resources.<\/p>\n<p style=\"font-size: 16px\">For other kinds of technical support, check out the <a href=\"https:\/\/www.pacificcommunityventures.org\/small-business-advising\/\" target=\"_blank\" rel=\"noopener noreferrer\">Business Advising<\/a> that Pacific Community Ventures is offering, free of charge.  We're also loving the <a href=\"https:\/\/smallbusinessmajority.org\/covid-19-daily-updates-for-small-businesses\" target=\"_blank\" rel=\"noopener noreferrer\">Daily Updates for Small Businesses<\/a> that Small Business Majority is putting out.<\/p>\n<p style=\"font-size: 16px\">Finally, we\u2019ve created a <a href=\"https:\/\/www.facebook.com\/groups\/817441918747542\/?\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook Group<\/a> for Small Business Owners affected by COVID-19. Join us there to share your story, learn about resources as they become available, and share ways we can help and support each other during this time.<\/p>\n\n<\/div>\n<div class=\"rectangle-dark\">\nWe're all in this together.\n<div class=\"clearfix\"><\/div>\n<\/div>\n<div class=\"light-full-width\" style=\"padding-top: 10px\">\n[one_half padding=\"60px 0 0 0\"]\n<p style=\"font-size: 24px;color: #2e404d\"><\/p>\n<p style=\"font-size: 20px;color: #2e404d\">Sign up for updates from <strong>FOUND<\/strong>\/LA<\/p>\n\n\n[\/one_half][one_half_last padding=\"25px 0 0 0\"]\n<div class=\"frmbox\">[gravityform id=\"1\" title=\"false\" description=\"false\" ajax=\"true\"]\n<div class=\"clearfix\"><\/div>\n<\/div>\n[\/one_half_last]\n<div class=\"clearfix\"><\/div>\n<\/div>","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The cash you need to ride out COVID-19 - Found\/LA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.foundla.org\/new\/the-cash-you-need-to-ride-out-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The cash you need to ride out COVID-19 - Found\/LA\" \/>\n<meta property=\"og:description\" content=\"Small Business News We know you&#039;re strapped for cash. We&#039;ve been talking to entrepreneurs like you for the last two weeks. What we&#039;ve heard is a resounding need for fast, reliable cash to pay for the hard costs associated with owning a business and you get through this uncertain and scary time. To that end, we&#039;ve compiled a list of trustworthy, non-predatory lenders that can get you the cash you need (preferably quickly!). The majority of the lenders listed below are CDFIs, or Community Development Financial Institutions. This means they&#039;re mission-driven, and are 100% committed to delivering responsible, affordable lending. LENDERS WE TRUST Opportunity Fund&#039;s &quot;Small Business Relief Program&quot; - Loan payment relief for existing borrowers, affordable loan capital and expert advice for new borrowers affected by COVID-19 City of LA&#039;s &quot;Small Business Emergency Micro-loan Program&quot; - Micro-loans between $5,000 and $20,000 to businesses affected by COVID-19 Pacific Community Ventures &quot;Small Business Loans&quot; - Provides loans between $10,000 and $200,000 for small business owners in CA CDC Small Business Finance&#039;s &quot;C-19 Emergency Relief Micro-Loan&quot; - Up to $50,000 for businesses in CA CDC Small Business Finance&#039;s &quot;C-19 Emergency Relief Working Capital Loan&quot; - Up to $150,000 in working capital Kiva [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.foundla.org\/new\/the-cash-you-need-to-ride-out-covid-19\/\" \/>\n<meta property=\"og:site_name\" content=\"Found\/LA\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-08T13:57:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-26T01:16:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.foundla.org\/new\/wp-content\/uploads\/2020\/04\/Thecashuneedtorideoutcovid.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"744\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"foundla_6l3qr8\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"foundla_6l3qr8\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-cash-you-need-to-ride-out-covid-19\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-cash-you-need-to-ride-out-covid-19\\\/\"},\"author\":{\"name\":\"foundla_6l3qr8\",\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/#\\\/schema\\\/person\\\/b058dbc08b49f7d295aaf4b9653b4560\"},\"headline\":\"The cash you need to ride out COVID-19\",\"datePublished\":\"2020-04-08T13:57:53+00:00\",\"dateModified\":\"2020-09-26T01:16:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-cash-you-need-to-ride-out-covid-19\\\/\"},\"wordCount\":553,\"image\":{\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-cash-you-need-to-ride-out-covid-19\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/Thecashuneedtorideoutcovid.jpg\",\"articleSection\":[\"Small Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-cash-you-need-to-ride-out-covid-19\\\/\",\"url\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-cash-you-need-to-ride-out-covid-19\\\/\",\"name\":\"The cash you need to ride out COVID-19 - 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