Rebuild Southern California Small Business Relief Fund
The Rebuild Southern California Relief Fund is dedicated to raising support for small businesses devastated by the wildfires in LA and surrounding counties. Our goal is to provide critical relief to struggling small business owners who have been directly impacted by this crisis. With your help, we can step in as a vital source of stability for small businesses, ensuring they have the resources needed to rebuild and recover during these challenging times.
Support Small Businesses Affected by the Wildfires
The Rebuild Southern California Small Business Fund will focus on the following key areas:
- Loan payment relief for AOF borrowers, on a case by case and month by month basis, such as: skip a payment, payment deferment, or payment forgiveness, freeing up needed cash for other essential business and household uses. AOF will need philanthropy to absorb anticipated increased losses, ensuring we can help our borrowers.
- Small business grants for businesses that were destroyed, lost all their revenues, and do not qualify for a loan.
- New loans at preferential rates and terms for businesses that need additional cash to survive. The type of loan provided will depend on the circumstances of each business. To reach new customers with capital, AOF will seek to expand partnerships in Southern California to collaborate with others in the small business support ecosystem.
- Educational resources and technical assistance including business advising to help small business owners overcome the challenges they face as they navigate the road ahead.
AOF is seeding the fund with a minimum of $500,000 in existing philanthropic resources but needs the support of investors and donors to reach its $100 million goal. Every dollar donated will help AOF extend $5 in loan capital to small business owners, providing a significant impact for businesses and the communities they serve.
Have a question? We’re here to help. Contact ofgiving@aofund.org for more information.