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COVID-19 Loan Options for Small Businesses in San Francisco and LA

What are your alternatives now that SBA is no longer accepting EIDL loan applications?

As of Monday, April 27, “the SBA is unable to accept new applications for COVID-19 Economic Injury Disaster Loan-related assistance . . . based upon available appropriations funding,” said Matt Coleman, a spokesman for SBA’s Region II, which includes New York State.

But: If you have already submitted your applications, they will continue to be processed on a first come, first serve basis.

A bill adding $60 billion for EIDL has been signed into law by President Donald Trump the other week, to replenish the earlier allocation of $17 billion that was exhausted on April 16, prompting the SBA to stop taking new applications.

The good news: There are state-program alternatives to the Economic Injury Disaster Loan that small businesses can turn to.

In California, small businesses can look into following programs.

Note: The terms of programs are subject to change at any time.

City of Los Angeles Small Business Emergency Microloan Program

Emergency microloan of $5,000 to $20,000 for working capital only

18-month to 5-year term at no admin, loan, and application fees

Who is eligible

Businesses that:

  • Physically located in a commercial–use building within City of Los Angeles boundaries
  • Provide low-income jobs to the local community
  • Have a Business Tax Registration Certificate with the City of Los Angeles’s Office of Finance filed prior to March 01, 2020

Approval factors and requirements

  • Individual credit history
  • A personal guarantee if you own more than 20% of the business
  • Most recent tax returns and bank statements

For more information and to apply, visit

San Francisco COVID-19 Small Business Resiliency Fund

$10,000 in emergency funding to cover payroll and other costs

Who is eligible

Business with:

  • Less than $2.5 million in gross income
  • 25% or more pandemic-caused revenue loss


  • Completed application form (email to
  • Documentation of losses and previous income

For more info, visit

San Francisco Hardship Emergency Loan Program (HELP)

Up to $50,000 loanable for working capital, equipment, or inventory

0% interest, up to 6-year terms, and with no fees and no collateral

Who Is eligible

Businesses that are:

  • For-profit
  • Located in the city of San Francisco
  • Have a valid San Francisco Business License
  • Have total annual revenues under $2,500,000
  • Are free of any city/county tax liens or judgments
  • Have a business bank account
  • Demonstrate a 25% drop in revenues since January 1, 2020
  • Have 3 years remaining on lease, if location dependent

The following may also apply:

  • An option to renew/extend an existing lease
  • Loans with shorter terms (may require a shorter lease)
  • Lease negotiations that are under way
  • A lease that is in the process of being renewed (must have a lease finalized before loan closes)

For more information and to apply, visit

San Francisco Office of Economic and Workforce Development Resource Guide

The city’s Office of Economic and Workforce Development has a comprehensive list of resources and updated information for business owners in the Bay Area as San Francisco is rapidly instituting programs to help business owners. To keep up to date with the latest information, follow @sfoewd on Twitter.

For a list of assistance programs in other states and elsewhere in California, see:

For easy-to-scale solutions to your HR and payroll management concerns, talk to Payroll Systems.

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This article provides general information and shouldn’t be construed as legal or HR advice. Since employment laws may change over time and can vary by location and industry, please consult a lawyer or HR expert for advice specific to your business. You can also contact Payroll Systems to inquire about our HR support services.