Solutions

Coronavirus (COVID-19)

Small Business Solutions

During this time of crisis, small businesses will be impacted the most. Many will not be ready to have a slow down or a stop in revenue while they continue to pay for their fixed costs such as rent, utilities and wages. The interruptions in the supply chain will negatively impact small businesses. Entrepreneurs need to cope with today’s climate, learn to work through the virus and see beyond the pandemic.

Programs and Initiatives

Simple easy business banking guide to help you with your business finances.

Simply & Organize
Streamline Cash Flow
Expand & Grow

– PDF Solution Guide, permission from MUFG Unon Bank

City of Los Angeles Comback Checks Program (updated on Oct. 22, 2021)

$37 Million in Grants for Small Businesses

The Comeback Checks Program will provide $5,000 grants to approximately 5,000 L.A. businesses. Grant recipients will be selected through a weighted lottery process, with final award recommendations based on availability of funds, program guidelines, submission of all required information and supporting documentation.

The first round of grants will be from Oct 26 – Nov 2

Your business must be open prior to March 1, 2020.

Business must be located in the City of Los Angeles, https://finance.lacity.org/

Must have busienss certificate/license BTRC in good standing.

There will be a total of 3 Rounds.

To apply: https://www.ewddlacity.com/index.php/recovery/comebackla

For application support, please contact LA BusnessSource Center

Farmers & Merchants Bank (posted on Oct. 18, 2021)

Micro & Small Business Grant Program up to $5,000

Click on https://www.fmb.com/Grants for Eligibility and Application

Deadline: Saturday, October 30, 2021 at 6:00 pm

California Relief Grant is now Closed.

Call Center: (888) 612-4370
Hours: Mon-Fri, 7 am – 7 pm

California adds an additional $1.5 billion expansion for CA Relief Grant.

The funding will support small businesses and nonprofits that have struggled due to the COVID-19 pandemic. New applications will be accepted starting September 9th at 9:00 am.

Round 7: Waitlisted applicants from previous rounds (Aug. 3 – Sept. 16)
Round 8: Nonprofit cultural institutions only (Aug. 27 – Sept. 8) Deadline extened to Sept. 30
Round 9: New Applications (Sept. 9 at 9:00 am – Sept. 30, 5:00 pm ) apply at abala.mylendistry.com

ABA has partnered with Cal Asian Chamber of Commerce to host Q&A sessions every Tuesday starting from August 31 to September 28 both at 10:00 AM and 4:00 PM. Please register accordingly.