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Crenshaw Chamber of Commerce wants small business owners to know about a new forgivable loan program
By LaMonica Peters | The LA Local at LAist (KPCC / Southern California Public Radio)
· July 17, 2026
· 2 min read
Pedestrians walk past a street mural of the late rapper Nipsey Hussle, Thursday, June 30, 2022, in the Crenshaw district of Los Angeles . (Chris Pizzello / AP Photo)This story first appeared on The LA Local.The Crenshaw Chamber of Commerce is spreading the word about a new loan program for busines...
Key takeaway ” The loans are funded through a $700,000 grant from the Wells Fargo Foundation and range from $5,000 to $10,000, Lacey said.
Why this matters in The Los Angeles
The Crenshaw Chamber of Commerce's efforts to promote the World Stage Ready Forgivable Loan Program could be a crucial lifeline for small businesses in the Crenshaw district and beyond. With its favorable terms, including 0% interest and up to 100% forgiveness, this program has the potential to help businesses not only survive but thrive. The fact that no minimum FICO score is required and ITINs are accepted makes it more accessible to a diverse range of business owners. As the Crenshaw district continues to evolve, with its rich cultural heritage and growing entrepreneurial spirit, programs like this can help ensure that long-time residents and businesses are not left behind. The partnership between TMC Community Capital and community organizations like the California Hispanic Chamber of Commerce and Yacanex Community also highlights the importance of collaboration in supporting local economic development.
About this story
Original reporting by LAist (KPCC / Southern California Public Radio) . The Los Angeles surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: library ·
Published: July 17, 2026 ·
Source: LAist (KPCC / Southern California Public Radio) ·
Reading time: 2 min
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What is this story about? Pedestrians walk past a street mural of the late rapper Nipsey Hussle, Thursday, June 30, 2022, in the Crenshaw district of Los Angeles. (Chris Pizzello / AP Photo)This story first appeared on The LA Local.The Crenshaw Chamber of Commerce is spreading the word about a new loan program for busines...
When was this published? This article was first published on July 17, 2026 by LAist (KPCC / Southern California Public Radio) and curated for The Los Angeles readers.
Who reported this story? This story was reported by LaMonica Peters | The LA Local at LAist (KPCC / Southern California Public Radio). To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
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