This PIVOT Microloan is not a COVID relief loan or grant. This program is only accepting Southern California businesses that are located in San Bernardino, Riverside, and East Los Angeles County.
The spirit behind PIVOT is to help small businesses adapt and evolve in todays environment. The marketplace may be changed forever, and small business owners have immediately begun to look at options for modifying their business models. Entrepreneurs need to pivot and adapt to ensure their long-term growth and survival. PIVOT provides capital to new and existing small businesses to finance the adjustments they need for their operations to grow and thrive.
Businesses must demonstrate that they have a working business model that will use the loan to “pivot” its business operations to adapt and grow. The PIVOT Microloan offers up to $25,000 with7-8% APR based upon qualified credit applicants.