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Steadfast LA Small Business Initiative

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Description
Through generous funding from Steadfast LA and Banc of California, LiftFund will administer critical funding via grants of up to $50,000 to help the small business community in LA come back stronger and more resilient than ever. Access up to $50,000 in capital to assist recovery and rebuilding. Rebuild stronger with equipment, inventory, repairs and operational costs. Grant approval is subject to eligibility and availability of funds. All information provided here will be reviewed and kept by LiftFund in accordance with our privacy practices.
Requirements
  • Business must have been operating on or before October 1, 2024. Operational is defined as generating sales revenue, as evidenced by activity in a business bank statement. Applicants without a business bank account will not be considered.
  • Business is located in Palisades, Malibu or Altadena and applicants must reside in Los Angeles County or contiguous counties
  • Applicants must own fewer than three businesses offering similar products or services
  • Cannot be a dedicated adult entertainment operation, liquor stores, vape/smoke shops or lending organization
  • Grant applicants must be majority owner or equal share ownership of business
  • All applicants will be required to hold a video conversation with a LiftFund staff member prior to disbursement
  • Operates from a commercial storefront location (no online-only businesses)
  • Applicant has no more than 100 full-time employees
  • Each individual applicant is eligible for only one grant award, regardless of the number of businesses or legal entities (EINs) they own or control
  • Generates no more than $6 million in annual gross sales
  • Must currently operate, or demonstrate intent to re-open within Altadena, Malibu, or the Palisades and applicants must reside in Los Angeles County or surrounding counties. Out of state applicants will not be considered.
  • Applicants must be a legal resident with a valid Social Security Number or ITIN
  • Applicants must agree to share their name, likeness, and participate in an on-camera interview
Eligibility
Cities
Altadena, Malibu, Pacific Palisades
Industry
small business