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L.A. Chamber of Commerce launches fund for fire-affected small businesses

  • On May 5, 2025, a new disaster relief loan program was introduced to assist small businesses with physical storefronts in unincorporated Altadena, providing up to $75,000 to support recovery and job retention efforts.
  • The program responds to the devastation caused by the Eaton Fire and aims to support businesses struggling to recover and retain jobs in ZIP codes 91001 and 91004.
  • Eligible businesses must operate a physical storefront, have been active for at least six months, and may receive loans up to $75,000 with a 15-year term; applications opened May 6 and close June 3, 2025.
  • Supervisor Kathryn Barger emphasized that the Eaton Fire caused significant harm to residents in Altadena, and this initiative is designed to deliver targeted assistance where it is most critically needed, reflecting a strong commitment to the community’s recovery.
  • This loan program aims to help stabilize Altadena's economy by enabling small businesses to rebuild, retain employees, and contribute to community resilience after wildfire damage.
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SCVNews.com broke the news in on Wednesday, May 7, 2025.
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