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is there a small business loan I can apply for

I don't think I qualify for a PPP loan. In 2019 I operated as a sole provider. I became a corporation in August. I also hired people late that year. People did not see clients until Feb 2020. It has cost a lot to put ads in to hire Licensed Therapists. I have also had to pay for them to be credentialed which costs 500-1000 per employee. Unfortunately, It talks a long time and I have lost 4 employees after spending money on them. I have many clients and have contracts with Veterans affairs and Kaiser a large HMO in southern CA. I am having trouble getting Licensed people to work enough hours and I think I may be losing money.

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I am glad that I could be helpful. Especially to a company in another country. I hope you find some good resources.

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Hi Karen. Did you contact already Small Business Administration (SBA) regarding emergency loans? Have success.

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Reach out to a local credit union! Credit unions are usually really good about extending credit!

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I think your best bet for a loan would be to find a bank that participates heavily in the SBA 7(a) loan program. The SBA will guarantee the loan to the bank at 90% of the loan balance and thus, the bank is more willing to take the risk of lending you the money. If the loan is approved by September 30, 2021, the SBA (Small Business Administration) will pickup the first six months of loan payments. You will need both a Business Plan and a Financial Plan to obtain the loan. Here is a link to the most active SBA lenders in LA > https://www.sbalenders.com/bank-type/local-sba-lenders/california/los-angeles/

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