Resources - Businesses

Valuable information and resources for local businesses and employers impacted by COVID-19 and government orders, including financial support services.

FINANCIAL ASSISTANCE

Federal Aid - SMALL BUSINESS ADMINISTRATION (SBA)

  • Paycheck Protection Program (PPP) is a federal loan for small businesses that keep their workers on the payroll. Beginning July 6, the PPP program is reopened for new applications with a newly extended deadline of August 8, 2020. For more information on PPP, visit the Small Business Administration (SBA) website at SBA.gov/PPP where you can also search for a list of participating PPP lenders in Malibu.
  • The US Small Business Administration (SBA) offers low-interest federal disaster loans for working capital. For more information, contact the SBA Customer Service Center at 800-659-2955 or DisasterCustomerService@SBA.gov.
  • US Congressman Ted Lieu is offering assistance to small businesses that have already submitted loan applications but have not yet heard back. Those businesses can fill out an online form and submit it to his office via email. A caseworker in his office will be assigned to investigate the application status of all forms received.

STATE & COUNTY ASSISTANCE

  • The LA Regional COVID-19 Recovery Fund has been established by the County and City of Los Angeles, in partnership with institutional and corporate philanthropy, to provide support for micro-entrepreneurs, small businesses, and non-profits across LA County. Grants up to $5,000 are available to micro-entrepreneurs and $15,000 for small businesses and nonprofits .Learn more and apply online at www.LACovidFund.org or call 833-238-4451.
  • The California Governor’s Office of Business & Economic Development has a website for businesses impacted by COVID-19 at Business.CA.gov/Coronavirus-2019.

  • The Los Angeles Economic Development Corporation (LAEDC) offers one-on-one consultation regarding non-traditional loans for impacted businesses, capital and tax incentives, and cost containment strategies to maintain operations and avoid layoffs. Email LAEDC at COVID19Response@LAEDC.org.
  • Los Angeles County Rapid Response offers services for businesses and their workers impacted by layoffs. Connect with benefits, unemployment insurance, and other services by emailing BizDev@WDACS.LACounty.gov.
  • California’s Work Sharing Program provides an alternative to layoffs for businesses with reduced work or production. Visit EDD.ca.gov/Unemployment/Work_Sharing_Program.htm
  • The California Dept of Insurance strongly recommends that businesses review their business interruption insurance policies and contact their insurance companies to determine what their policies cover with regard to loss of business income due to recent orders suspending business operations. If your commercial insurance claim was denied, request an investigation at Insurance.CA.gov/01-Consumers/101-help.

ADDITIONAL INFORMATION & RESOURCES