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Find similar grantsSteadfast LA Small Business Initiative is sponsored by Steadfast LA. Provides grants to small businesses in Altadena, Malibu, and Pacific Palisades impacted by the Eaton and Palisades Fires, assisting with rebuilding and other fire-related expenses.
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Steadfast Launches $1 Million Small Business Initiative | Steadfast LA Steadfast Launches $1 Million Small Business Initiative With Banc of California to Support Small Businesses in Altadena, Malibu, and the Palisades impacted by the Eaton and Palisades Fires.
Small businesses can apply for direct grants up to $50,000 to address their most pressing needs, like rebuilding damaged property, reopening doors, and other fire-related expenses. The program is designed to be flexible, recognizing that every business faces unique challenges and deserves tailored support.
Grants will be administered by LiftFund, an independent nonprofit Community Development Financial Institution (CDFI) with over 30 years of experience providing financial and technical assistance to small businesses—especially in times of disaster. Applicants must meet all the following criteria to be eligible for the Small Business Grants: 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 applicant must reside in LA 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 applicant must be majority owner or equal share owner 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 applicant must reside in Los Angeles or surrounding County.
Out of state applicants will not be considered. Applicant must be a legal resident with a valid Social Security Number or ITIN. Applicant must agree to share their name, likeness, and participate in an on-camera interview.
NOTE TO APPLICANTS: All criteria are subject to change without notice. Due to overwhelming demand, the application is closed at this time. If additional funding becomes available, the application portal will be reopened.
According to the current listing, eligibility includes: Small businesses operating on or before October 1, 2024, in Altadena, Malibu, and Pacific Palisades. Confirm the full requirements in the official notice before applying.
The current listing shows up to $50,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Steadfast LA Small Business Initiative is funded by Steadfast LA. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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