Loans and Grants

la county dining


Please apply to the $30,000 grant provided by LA County called keepLACountydining. The grant is available for small restaurants impacted by COVID-19: https://keeplacountydining.lacda.org/



Funding Sources and Incentives


San Marino Economic Development champions the entrepreneurial spirit, and supports programs that nurture and inform the next generation of business talent. San Marino wants to help your business with the resources to inspire, empower, and grow.  The City of San Marino provided a Façade Improvement Program and a  Conditional Use Permit Fee Waiver Incentive . Please see the funding criteria and application form attached. In addition, there are many federal and state funding programs that you can apply to on the list below.


CONDITIONAL USE PERMIT APPLICATION FEE WAIVER

The Conditional Use Permit application fee will be waived for a one-year period starting January 1, 2020 for: proposed restaurant and grocery store uses, the expansion of current restaurant uses,  where such uses will occupy an existing building. 

Opportunity Purpose Industry Description
Sales tax exemption on manufaturing equipment purchases Equipment Manufacturing The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) provides a sales and use tax exclusion for advanced manufacturers and manufacturers of alternative source and advanced transportation products
Tax credit program for businesses exapanding and relocating to California Tax Credits Small Business The California Competes Tax Credit (CCTC) application periods, credits available, and committee meeting dates for fiscal year 2019-2020 have been posted here.  The first application period will start on July 29, 2019, with $90 million in tax credits available.  Starting July 29, the online application can be accessed at www.calcompetes.ca.gov.
7(a) Loan Program Specific-purpose loans Small Business The 7(a) Loan Program includes financial help for businesses with special requirements. For example, funds are available for loans to businesses that handle exports to foreign countries, businesses that operate in rural areas, and for other very specific purposes. The loan proceeds may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing business.
Microloan Program Small, short-term loans Small Business The Microloan Program provides small, short-term loans to small business concerns and certain types of not-forprofit child-care centers. The maximum amount of the loan is $50,000.
Real Estate & Equipment Loans: Certified Development Company (CDC/504) Loan Program Business Financing Small Business The SBA CDC/504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation.
California Small Business Loan Guarantee Program (SBLGP) Credit History Small Business The California Small Business Loan Guarantee Program (SBLGP) is administered by the California Infrastructure and Economic Development Bank (iBank) to encourage small businesses to create and retain jobs as well as to invest into low-to-moderate-income communities.
Work Opportunity Tax Credit Tax Credit Private Sector Businesses The Work Opportunity Tax Credit is a Federal income tax credit provided to private-sector businesses for hiring individuals from nine target groups who have consistently faced barriers to employment.  For the following: $2,400 generally for each new adult hire (who meets specific criteria) • $1,200 for each summer youth hire • $4,800 for each new disabled veteran hire • $9,000 for each new long-term Temporary Assistance for Needy Families (TANF) recipient hired over a two-year period.
Los Angeles County Development Authority (LACDA) Smart Funding for Businesses Small Business The LACDA is a dynamic and innovative local government agency created in 1982 by the Los Angeles County Board of Supervisors. The agency is an industry leader its three core service areas: housing, community, and economic development. The Smart Funding program provides loans up to $2 Million that are customizable for your business needs. Since its inception in 2017, Smart Funding has given out 10 loans totaling $5,244,191. Loan amounts range from $25,000 up to $2 Million.
LA County Consumer and Business Affairs Office of Small Business Business Development Workshops, Networking, Dispute Resolution, and more Small Business Procurement assistance, assistance to new businesses and startups, business certifications, networking & matchmaking events, workshops on government contracting, LA County Small Business Advocates, Counseling & Resources
Opportunity Fund Loan Working Capital Term Loans Small Bsuiness Opportunity Fund Offers working capital term loans of up to $30,000 for California-based small business owners like you.  Loans from $2,600 to $30,000 for working capital and more.

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