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.

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