Join Our Response Efforts
LISC is mobilized to help the people and communities hit hardest by the COVID-19 pandemic. The money raised through the Rapid Relief & Resilency Fund is:
- Providing grants to women- and minority-owned small businesses that are the backbone of local economies
- Supporting thousands of community-based organizations that serve clients in need
- Delivering tech support and infrastructure to help residents and enterprises access work, school, commerce and social connection
Building Strength and Equity
One of the most devastating aspects of the Covid-19 crisis is the disproportionate impact it is having on communities of color—a clear outcome of discrimination and underinvestment that long predates the pandemic. Our urgent response to the fallout for these communities includes intentional efforts to bridge the gaps that created this disparate impact in the first place. And these actions are not limited to the lifespan of this pandemic—our strategy is designed to help communities and people recover, and to build the strength and resiliency that will carry us all into a more equitable and just future.
LISC LA has partnered with the County and City of Los Angeles along with other philanthropic partners to oversee and manage the new LA COVID-19 Regional Recovery Fund. Learn more.
Verizon Small Business Recovery Fund
Thanks to a $7.5 million investment from Verizon, we are offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available. Funds can be used for: rent and utilities, payroll, outstanding debt to vendors, and other immediate operational costs. Learn more.
Toolkit for Local Governments
LISC LA has developed a toolkit, with funding from Wells Fargo, that offers several small business policy agenda ideas and innovative solutions for local governments to consider. Compiled through in-depth research and reports from LISC LA’s dozens of community-based partners on the front lines of this crisis, the toolkit includes seven immediate recommendations for mitigating the impact of the pandemic. Learn more.
Keeping Our Shops on the Block: Resource Guide and Grants Programs
At LISC LA, we’ve talked to business owners in our neighborhoods, brainstormed with partners, and scoured the internet to put together this guide that provides key learnings in 5 categories and links to local resources to help you get through these tough times. Learn more about this and other grant opportunities for small businesses.
SBA Paycheck Protection Program (PPP)
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Learn more.
Accion Webinar for Small Business Forgiveness
Have you recently been approved for a Paycheck Protection Program loan? Wondering what you as a small business owner should do now?
To have the PPP loan forgiven, businesses must meet employee rehiring and payroll tracking requirements. It is essential that business owners understand all the details of this program to make sure they qualify for forgiveness.
Luckily, several partners from the small business community, including Accion, Opportunity Fund, Gusto, CRF, CDC, and CAMEO have come together to host a webinar about PPP loan forgiveness. Trusted experts will join this one-hour webinar presentation to share vital information, including:
- Employee rehiring requirement details
- Best practices for tracking payroll and other qualifying expenses
- Tips and tricks for sole proprietor PPP recipients
- Suggestions on trusted tracking and bookkeeping resources
- And much more!
Click here to join this webinar on Monday, May 18th at 2pm ET / 11am PT.
SBA Economic Injury Disaster Loan Emergency Advance
The SBA’s Economic Injury Disaster Loan advance provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the Covid-19 pandemic. Loan advances of up to $10,000 are available to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Learn more.
LISC LA has a Kiva Accelerator Fund to match borrower campaigns $1 for $1. In order to receive the matching funds, businesses need to be endorsed by a LISC Kiva Trustee in LA County. Learn more.
Pandemic Unemployment Assistance (PUA) Resources
LISC LA as a part of our Financial Partnership Community of Practice, a peer-to-peer interaction for financial coaching staff builds connections that lead to knowledge sharing opportunities, which is very important at this time. Heard from industry leaders from Bet Tzedek on the nuances of the Pandemic Unemployment Assistance (PUA) benefit for gig economy and independent workers. Learn more.