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Found LA/ Small Business Recovery Fund

Tue, February 23, 2021 9:19 PM | Edgar Mejia (Administrator)

Eligibility for 5k to 20k grant

·         Must be bricks and mortar businesses serving the neighborhood in which they’re located, where customers can come in during business hours founded by February 2019

·         Business must be located in LA County;

·         Under 20 employees (includes full time, part time, and/or contracted workers);

·         Evidence of profitable business pre-COVID;

·         Evidence of being negatively impacted by COVID;

·         Revenue between $30K and $3M; 

·         Must own at least 50% of the business;

·         Must be willing to complete the application process and submit all required documents; 

·         Must be willing to have your story told in FOUND/LA, TMC Community Capital, and/or Pacific Community Ventures’ print, digital, and audio outlets

·         Businesses with 1 – 5 employees or 6-20 are eligible

·         *Please use employee count during Q1 of 2020 to make this determination.

·         *If you applied during Round One and were not selected, your application will be automatically rolled over into Round Two.

o   Round 1, Dec 14 to Dec 20

o   Round 2  Jan 11 to Jan 17

o   Round 3  Feb 15th to 21

o   Round 4  Mar 15 to 24

** Please remember to share this information with the business owners in your network.

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