Non Profit Offers COVID-19 Financial Relief to LA-Based Small Businesses in Need

CNS News
July 07, 2020 - 6:29 am
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    Small businesses and other local organizations impacted by the pandemic may apply now for recovery funding, with the first application period opening today, according to leaders with the nonprofit LISC LA.

    LISC LA partnered with the county, city and philanthropic agencies to oversee and manage a COVID-19 regional recovery fund, which includes $3 million for microenterprises, small businesses and nonprofits.

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    The first application period closes Friday at lisc.tfaforms.net/57. Grants will be awarded in $5,000 to $15,000 increments over the course of six rounds over the course of the next four months, and finalists will be notified after each round, according to LISC LA.

    CLICK HERE TO APPLY: https://www.lisc.org/covid-19/small-business-assistance/small-business-relief-grants/

    In addition to financial relief, the fund will provide recovery tools for small businesses, nonprofits that provide essential services, immigrant-owned enterprises and vulnerable Angelenos affected by COVID-19, the nonprofit stated.

    "LISC LA is proud to be selected as a fund administrator to help lead this economic recovery initiative that includes administering loans, grants, technical assistance and other resources to local entities throughout the Los Angeles region," LISC LA Executive Director Tunua Thrash-Ntuk said.

    "Small businesses and organizations in low-income and underserved communities cannot wait any longer for relief and recovery efforts during these difficult times," she said.

    The economic stress caused by COVID-19 has been "particularly damaging" to small businesses and organizations that have been unable to access federal funding due to size, lack of technical assistance and cultural barriers, LISC LA stated.

    More information on the regional recovery fund is available at www.lisc.org/los-angeles/.