COVID-19 Loan Technical Assistance
Need help navigating the process to get a disaster relief loan? These loan programs were specifically created to assist small businesses during the COVID-19 pandemic. Not sure what documents you need? Not sure where to start? Having trouble figuring out what websites and links to visit? We can help! Apply for technical assistance with Conaxion today! Here is a list of required documents:
Business Tax Returns (1 year, if available)
Complete Loan Application
Interim Business Financial Statement
Personal Financial Statement
Personal Tax Returns (1 year)
Bank Statements (3 months)
Itemized Budget for Funds Requested
Types of Disaster Loans
SBA's Paycheck Protection Program (PPP)
This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.
SBA's Economic Injury Disaster Loan (EIDL; Up to $10K)
This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
SBA's Express Bridge Loans (Up to $25K)
Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
SBA's Debt Relief Program
The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.
City of Los Angeles Emergency Micro-loan Program ($5K-$20K)
The newly established Small Business Emergency Microloan Program now provides financing needed to strengthen small business enterprises in this time of acute need that have been affected by the COVID-19 outbreak.
State of California Disaster Relief Loan Guarantee Program
The Small Business Finance Center (SBFC) partners with Financial Development Corporations to provide loan guarantees and direct loans for small businesses that experience capital access barriers.
CDC C-19 Emergency Relief Working Capital Loan ($20K-$50K)
Getting a small business loan can be scary – and confusing. And often banks will say no to small businesses. Since CDC Finance is not a bank, they have flexibility to meet your needs and make getting a loan for your business easier. As a nonprofit organization they focus on helping you get the financing you need to get your business ahead.