Help Your Business Succeed

The City of Monterey Park, SBA, and PACE are hosting Small Business Disaster Loan Support Center

Low-interest loans are available to Monterey Park businesses impacted by the tragic shooting and related investigation that occurred January 21-28, 2023.

The U.S. Small Business Administration (SBA) is providing low-interest loans to small businesses and nonprofits economically impacted by the Monterey Park shooting and related investigations that occurred January 21-28, 2023.

These loans may be used to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disaster’s impact. Disaster loans can help businesses overcome the temporary loss of revenue they are experiencing.

For business owners that need guidance or assistance in applying for these low-interest loans, the City of Monterey Park, in partnership with U.S. Small Business Administration (SBA) and Pacific Asian Consortium in Employment (PACE), will be hosting an SBA EIDL Application Support Center on June 5-8, 2023, and June 12-15, 2023, at the Barnes Park Service Club.

The Support Center will offer free application assistance educational sessions to provide information and guidance on the Economic Injury Disaster Loan (EIDL) program. During these sessions, you will have the opportunity to learn about the EIDL program and how it can benefit your business. The SBA representatives will discuss the eligibility criteria, loan terms, application process, and the types of economic injury that qualify for assistance in English, Chinese, Vietnamese, Korean, Thai, and Spanish. You can also ask questions and receive personalized advice regarding your specific business situation in these languages. In addition, there will be live information sessions with real-time translations available twice a day.

Business assistance services offered at the Center include:
- Educational sessions – learn more about the EIDL program and who qualifies 
- One-on-one support to small business owners – meet with an advisor to ask questions in various languages
- Assistance applying for EIDL - work with an advisor to help guide you through the application process 

Dates: June 5-8, 2023, and June 12-15, 2023
Time: 11:00 a.m. to 7:00 p.m.
Location: Barnes Park Service Club                
                440 S McPherrin Avenue
                Monterey Park, CA 91754

Chinese, Vietnamese, Korean, Thai, and Spanish interpretations will be available for one-on-one assistance by appointment. To schedule an appointment or for more information, contact the City of Monterey Park Economic Development Division at (626) 307-1385 or To register, click here

LA County's Economic Opportunity Grant Program is Now Open to Eligible Microbusinesses, Small Businesses, and Nonprofits!

Cash grants awarded between $2,500 and $25,000 to micro and small businesses and nonprofits in Los Angeles County.

LA County’s Department of Economic Opportunity offers more than $54 million in cash grants to the business and nonprofit community. Sponsored through the County of Los Angeles, the Department of Economic Opportunity has designed the Economic Opportunity Grant (EOG) Program with a phased-in and multi-round application process.

Micro businesses have two opportunities to receive grants.
 - Grants of $2,500 for micro businesses under $50,000 in annual revenue in 2019.
 - Application closes March 25, 2023.
 - Grants of $15,000 for micro businesses under $100,000 in annual revenue in either 2019, 2020, or 2021.
 - Application closes May 20, 2023.

Small Business
- Grants of $20,000 for businesses between $100,000 and under $2 million in annual revenue in either 2019, 2020, or 2021.
 - Application closes May 20, 2023.

 - Grants of $20,000 for small nonprofits under $1 million annual revenue in either 2019, 2020, or 2021. - Grants of $25,000 for nonprofits between $1 million and under $5 million in either 2019, 2020, or 2021.
 - Application closes May 20, 2023.

To apply or to learn more about the Economic Opportunity Grant Program, please visit

For more information, contact the City of Monterey Park Economic Development Division at (626) 307-1385 or 

Need assistance to start or grow your business?

Our Economic Development team is ready to assist you in finding the resources and incentives you need to start, grow, or expand your business in Monterey Park.

Our team is dedicated to connecting you with valuable resources that can help you make well-informed business decisions to succeed. Below is a list of some of the resources available to you.

For more information, please contact the Economic Development Team at or (626) 307-1385.

State, County, and Regional Partners

We use the collective strengths of our state, county, and regional partners when working for the success of the Monterey Park business community. Please click on the links below to learn more.

Gas Assistance Fund (GAS)The SoCalGas Gas Assistance Fund offers a one-time grant to help customers pay their natural gas bills, with more customers now eligible. - One-time grant for the gas bill, not to exceed $400. - Additional $100 for applicants age 55+ or has an older adult (55+) living in the household. - Extra grant funding is available to those facing certain financial hardships.
 - For more information or to apply, contact the Chinatown Service Center at (626) 293-8733

Restaurants Care Resilience FundThe Restaurants Care Resilience Fund helps small restaurants with improvements, upgrades, employee retention, and managing debt, losses, and rising costs. - $3,000 grants to small restaurants. - No more than three independent locations and not exceeding $3 million in annual revenue. - Applications open in April 2023.
 - For more information:

Governor's Office of Business and Economic Development (GO-Biz)
GO-Biz serves as the State of California's leader for job growth, economic development, and business assistance efforts. They offer no-cost consultation for identifying business incentives, site selection, regulatory or permitting compliance assistance, foreign direct investment, and export assistance.

Los Angeles County Economic Development Corporation (LAEDC)
LAEDC's Business Assistance Program offers confidential, free-of-charge consulting to small and large businesses across all industry sectors and business types. They help businesses overcome challenges to sustain, grow, and hire. Their Business Assistance team is ready to assist you in overcoming and resolving challenges, assist with new opportunities, and help you grow your business in Monterey Park.

Rise Financial Pathways
Rise Financial Pathways is a nonprofit organization that provides capital for expanding businesses through its Small Business Expansion Loan Program and provides loans to struggling businesses that have been in operation for a minimum of two years through its Seed Microloan Program.

Goldman Sachs 10,000 Small Business Program
Goldman Sachs 10,000 Small Business Program provides business education, support services, and pathways to capital for growth-oriented entrepreneurs. Goldman Sachs partners with Community Development Financial Institutions and other mission-driven lenders to expand access to capital for small businesses.

Pacific Asian Consortium in Employment (PACE)
PACE is a nonprofit organization that provides small business training, technical assistance, counseling, and access to capital.

Small Business Development Center (SBDC)
Small business owners and aspiring entrepreneurs can go to the SBDC for free face-to-face business consulting. They help startups from ideation to fundraising, assist business owners with the creation of jobs through capital infusion, and provide high-quality business and economic development assistance to small businesses and entrepreneurs.

Small Business Administration (SBA)
The SBA makes it easier for small businesses to get funding and provides assistance in planning, launching, managing, and growing your business.

Transitional Subsidized Employment (TSE)
Provides entry-level workers for your business whom you do not have to pay wages, at 30-40 hours per week, for three months.

California Workforce Investment Board (CWIB)
CWIB helps you team with the state to create employee training programs and offer incentives tailored to retain your workforce.

Employment Training Panel (ETP)
The ETP provides funding to employers to assist in upgrading the skills of their workers through training that leads to good-paying, long-term jobs.

Small Business Innovation Research Program (SBIR)
SBIR helps your small business reach its potential by offering incentives to bring your technological innovations to the market through the commercialization of your research.

Small Business Resource Center for the 50+
This nonprofit organization offers information, education, and resources for aspiring entrepreneurs and established business owners.

Southern California Edison (SCE) Small Business Incentives
Find incentives and experts to improve the efficiency of your building's HVAC unit and ductwork, get instant price reductions on qualified LED lighting and small business energy rates, find new ways to speed up your cookline and many more.

SoCalGas Small and Medium Business Incentives
SoCalGas offers an array of energy efficiency programs to small and medium businesses as part of its commitment to exceptional customer service.