By City News Service
Jan 28, 2021
LOS ANGELES (CNS) - The Los Angeles County Development Authority launched a small business loan program today to help prevent job losses and business closures amid the COVID-19 pandemic.
The Small Business Stabilization Loan Program is funded with $10 million from the U.S. Economic Development Administration through a federal COVID-19 relief act.
Loans ranging from $50,000 to $3 million will be given to eligible businesses that have been in operation for at least two years, are seeking working capital, equipment purchases, real estate acquisition or refinancing of existing loans at higher interest rates.
“The recent surge in COVID-19 cases is once again harming the vitality of small businesses in the county of Los Angeles, Los Angeles County Board of Supervisors Chair Hilda L. Solis said in previewing the program last week.
The Los Angeles County Development Authority will launch the Small Business Stabilization Loan Program on Jan. 28 and will begin accepting applications to help small businesses prevent further job loss and business closures.
The loan program is made possible through a $10 million business recovery assistance fund issued by the U.S. Economic Development Administration.
The funds were made available through the Coronavirus Aid, Relief, and Economic Security Act Recovery Assistance.
The Program will provide flexible and affordable capital to small businesses Countywide.
The Small Business Stabilization Loan Program will provide eligible businesses with a competitive interest rate for loans ranging from $50,000 to $3 million.
By City News Service
Jan 22, 2021
LOS ANGELES (CNS) - The Los Angeles County Development Authority announced today it will launch a small business loan program on Jan. 28 to help prevent job losses and business closures amid the COVID-19 pandemic.
The Small Business Stabilization Loan Program is funded with $10 million from the U.S. Economic Development Administration through a federal COVID-19 relief act, according to the authority.
Loans ranging from $50,000 to $3 million will be given to eligible businesses that have been in operation for at least two years, are seeking working capital, equipment purchases, real estate acquisition or refinancing of existing loans at higher interest rates, the authority said.
Residents Aged 65 And Older Can Now Receive Vaccines
Jan. 20, 2021 at 6:00 am
Los Angeles County residents who are 65-years-old and older can now register for COVID-19 vaccination appointments beginning Thursday thanks to an executive order signed by Los Angeles County Board of Supervisors Chair Hilda Solis.
Solis signed the executive order that mandated COVID-19 vaccines be available to members of the County’s most susceptible age group Monday before she joined Los Angeles County Public Health Director Barbara Ferrer to discuss the matter Tuesday, which is also when the County opened five large capacity vaccination sites across the region.
“This is about equity,” Solis said as she discussed how older adults have been unfairly impacted by the virus and had to stay home for months isolated. “But the COVID-19 vaccine is here. Hope is here. Our residents will soon be able to return to a life where they can visit their grandchildren, go on walks with friends, volunteer at loc
9:41 p.m. ET, January 19, 2021
San Francisco s health department will run out of Covid-19 vaccine doses by Thursday, mayor says
From CNN s Alexandra Meeks
Dr. Sean McElligott pulls out boxes containing the Moderna Covid-19 vaccine at Seton Medical Center on Tuesday, December 22, 2020, in Daly City, near San Francisco, California. Yalonda M. James/The San Francisco Chronicle/Getty Images
Amid an increased demand for coronavirus vaccines nationwide, San Francisco s Department of Public Health announced their vaccine supply will be exhausted by Thursday if they don t immediately receive an additional allotment. All of the Department of Public Health s remaining vaccine doses are scheduled for individuals to receive their first or second doses this week and unless we get more vaccine, the Department of Public Health will run out of our existing supply by this Thursday, Mayor London Breed said at a news conference Tuesday.