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first_img CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News HerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty10 Instagram Girls Women Obsess OverHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyYou Can’t Wear Just Anything If You’re The President’s DaughterHerbeautyHerbeauty faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. [Editor’s Note: This program is only available in incorporated areas of L.A. County, which includes Altadena and portions of East Pasadena,  and in participating cities, which includes South Pasadena but not Pasadena.]The Los Angeles County Development Authority is administering a program offering low-interest loans of up to $20,000 to small businesses affected by COVID-19.The Small Business Recovery Loan Program aims to provide easy-to- access financial relief to small businesses suffering an acute drop in revenue to help them retain employees and keep their businesses running.“The current COVID-19 pandemic is impacting small business economies. However, the county has been taking swift action to support business owners and their employees during this time,” said Emilio Salas, acting executive director of the LACDA. “This new loan program will be a helpful addition to the resources available.”Businesses eligible for the program include for-profit enterprises with 25 or fewer employees in an unincorporated part of the county or a city participating in the county’s Community Development Block Grant Program.Loan proceeds may be used for working capital, including payroll or rent. The interest rate is based on the lower of 4% or 75% of the Wall Street Journal Prime rate and is currently set at 2.44%.Loans will carry a term of five years and principal and interest may be deferred for up to 12 months. There is no loan origination fee and no collateral is required to secure the loan.Businesses can obtain an application at bizrecoveryloans.lacda.org, and more resources for small businesses can be found at https://dcba.lacounty.gov. STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Top of the News center_img More Cool Stuff STAFF REPORT First Heatwave Expected Next Week Community News $20,000 Loans Available for Small Businesses CITY NEWS SERVICE Published on Monday, April 13, 2020 | 3:39 pm 24 recommended0 commentsShareShareTweetSharePin it Name (required)  Mail (required) (not be published)  Website  Your email address will not be published. Required fields are marked * Make a comment Business News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

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