Organization: PACIFIC COAST REGIONAL SMALL BUSINESS
Mission: SEE SCHEDULE O
Activities: METRO BIFTHE ORGANIZATION IS CONTRACTED TO PROVIDE ADMINISTRATIVE SERVICES ON BEHALF OF THE LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY ("METRO") BUSINESS INTERRUPTION FUND ("BIF"). THE METRO BIF PROGRAM PROVIDES GRANT FUNDS TO OWNERS OF SMALL BUSINESSES THAT ARE DIRECTLY IMPACTED BY METRO CONSTRUCTION ACTIVITIES. AS OF JUNE 30, 2020, THE ORGANIZATION HAD ADMINISTERED THE DISBURSEMENT OF $28,372,051 OF METRO BIF GRANT FUNDS TO QUALIFYING GRANTEES.
SMALL BUSINESS LOAN GUARANTEE PROGRAM (SBLGP)AS A CALIFORNIA DESIGNATED FINANCIAL DEVELOPMENT CORPORATION, THE ORGANIZATION IS CONTRACTED TO PROVIDE ADMINISTRATIVE SERVICES ON BEHALF OF THE CALIFORNIA GOVERNOR'S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT'S SMALL BUSINESS LOAN GUARANTEE PROGRAM (SBLGP). THE SBLGP ALLOWS SMALL BUSINESS OWNERS TO GAIN ACCESS TO CAPITAL BY ISSUING A STATE GUARANTEE OF UP TO 80% ON LOANS MADE TO QUALIFYING SMALL BUSINESSES.
SMALL BUSINESS DEVELOPMENT CENTER (SBDC)THE ORGANIZATION HOSTS A SERVICE CENTER WITHIN THE US SMALL BUSINESS ADMINISTRATION'S SMALL BUSINESS DEVELOPMENT CENTER (SBDC) NETWORK. THROUGH THIS PROGRAM, THE ORGANIZATION PROVIDES COUNSELING AND TRAINING SERVICES TO SMALL BUSINESS OWNERS.
NTEE category: Community Improvement & Capacity Building
Secondary category: Public & Societal Benefit