SIPA hosts community webinars to help businesses impacted by COVID-19

LOS ANGELES — The Filipino community has been quick to respond to the needs of frontliners, and now they’re focusing on helping businesses plan on their next moves, as they eagerly wait for the economy to open up again.
For nearly 50 years, the Search to Involve Pilipino Americans, or SIPA, has been on the frontlines of helping the community with accessing welfare, after school and community programs. With the COVID-19 pandemic forcing businesses to shut down, it’s now focused on helping businesses survive.
For one week, SIPA hosted the Small Businesses Survival and Success webinar series, bringing together community leaders and experts to help business owners and entrepreneurs navigate through the economic fallouts of the pandemic.
They encouraged affected businesses to apply for special grants, change business models, and to support each other.
“This is to help you navigate resources wherever you are. We like to you to talk about and speaking with organizations located regionally in Southern California; however, we really want you to have the tools to understand and navigate the landscape the resources of wherever you are.”

“We’ve seen many businesses pivot particularly in the restaurant industry, one of the most hardest hit industries out there and we’ve seen a lot of businesses pivot to different business models,” said Joe Bernardo, Co-Founder of the Support LA Filipino Small Business FB Group.

With Los Angeles County’s safe-at-home orders in effect until at least mid-May, experts believe recovery will take a lot of time and patience and are hoping business owners can make the right adjustments in the meantime.
“I expect it to be a very slow recovery. Since we don’t have a vaccine I don’t think the government will let off the brakes and let everyone gather right away and we’re going to have more outbreaks, it’s going to be a slow grind until 1 we have the vaccine or 2 we identify the antibody where people are immune to COVID-19, so it’s going to be tough out there,” said Desi Danganan.
As the federal programs roll out, business leaders are also calling for more aid.
They’re also hoping the next round of small business loans will have a greater impact on mom and pop shops.
“We are cogniscent this is happening and We are lobbying for policies to ensure small business owners and self-employed are safe,” said Geri Aglipay of the National Women’s Entrepreneurship Managers and Senior Outreach Manager.
The full recordings of webinars are available on their website,
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    26 April 2020 at 2:56 am - Reply

    The TRUMP Stimulus Care Act for Small Business is $350B, then TRUMP asked for an additional $250B. NANCY PELOSI froze the additional money, not happy because there are 30M Small business owners, possible TRUMP voters. Finally, after one week Pelosi gives in, then TRUMP signed for a total of $500B. The SBA holds the money, hired 4,000 LENDERS (Banks, Community, Credit Union, etc) for the loan application, processing at 1% interest payable in 2-3 years. Once the loan is ready, papers go back to SBA(Small Business Admin)IVANKA TRUMP is in-charge of the delivery of the loan to the bank. To remind you it is TRUMP helping you. For those remaining small business owners go to your nearest bank, no application fee, bring your existing Credit Card, this is the bank racket, tells you to transfer the old balance to their New Credit Card. When they process your loan they will include your new credit card balance as part of your loan. Your new card is clean with a $10 balance. You win because CCard is 16%-24% interest, all paid off by Trump Stimulus loan, and gave you a loan of at 1%. Remember Stimulus money was borrowed by Trump from Fed Rsrv, with an interest of .025% then LOAN to you at 1%. The government made a profit of .075%.