Economic Security Act Recovery News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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. ....

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