Valley businesses are invited to apply for Los Angeles County’s Small Business Stabilization Loan Program through April 16 or until $20 million in funding requests have been received. Mid-month, more than $18 million in funding requests were received by the Los Angeles County Development Authority. Loans range from $50,000 to $3 million, the county said in a statement. Eligible businesses must have been in operation for the last two years and need money for working capital, equipment purchases, real estate acquisition or refinancing of existing loans. Recipients will also have access to online webinars, one-on-one financial consultations, and application assistance through the program.A webinar walking prospective applicants through the process will take place on March 25, LACDA said. Businesses should visit BizStabilization.lacda.org or call 626-586-1550 to register.
