From Councilwoman Monica Rodriguez Desk – Attention Small Business Owners

🚨 Attention Small Business Owners

Small businesses are the heart of the CD 7 economy. If you’re struggling to keep your business afloat during the pandemic, you may qualify for a 0% – 3% interest microloan with the City. Each microloan ranges from $5,000 – $20,000 and come in three options:

Option 1: 0% for a term of up to 18 months, with repayment deferred for up to 6 months

Option 2: 3% for a term of up to 5 years, with repayment deferred for up to 12 months
(for profit businesses)

Option 3: 2% for a term of up to 5 years, with repayment deferred for up to 12 months
(for tax-exempt businesses)

Visit lamayor.org/loan to apply.