Contract Financing Program
Working Capital for your anticipated City of Los Angeles Professional Service Contract Award
Are you a business owner who is actively bidding or has been awarded a professional service contract in Los Angeles?
While you offer quality services and are capable of doing the work, you may be experiencing challenges lining up funding to start and complete the contract.
What is the Contract Financing Program?
The Contract Financing Program (CFP) is designed to help your business access the capital you need to complete contracts awarded by the City of Los Angeles or Major Sports or Entertainment Events in the LA Region.
This program creates more inclusive contracting opportunities by offering small businesses short-term, competitive interest rate loans to assist with securing the initial funds necessary to cover direct contract costs such as materials, equipment, and hiring employees.
Program Requirements
- Must be in the process of being awarded a Contract with the City of Los Angeles or a Contract related to Major Sports or Entertainment Events in the LA Region.
- Existing or ongoing Contracts are NOT eligible.
- Construction Contracts are NOT eligible.
- Must be a business located in the City or County of Los Angeles. Please Note: Only LA City businesses are eligible to use funds for Major Events.
- Businesses must be competing for professional services contracts. Services include architecture and engineering, human resources and staffing, consulting, legal services, surveyors, accounting and bookkeeping, marketing and public relations, information technology, training and development, and project management.
Steps to Access Contract Financing Program
Visit ProcureLA.com to learn more about the Contract Financing Program (CFP) details and eligibility.
Fill out the online CFP Eligibility form through Lenderfit for the Contract Financing Program.
Upon confirmation of eligibility, complete an assessment form on Lenderfit and submit all required documents.
Identify City of Los Angeles or Major Sports or Entertainment Contract. Please Note: Only LA City businesses are eligible to use funds for Major Events.
Upon application submission, review, and pre-approval, Merriweather & Williams Insurance Service (MWIS) will submit a funding request to lending partners.
Once approved, funds will be released through controlled disbursements.
Ready to get started?
Get In Touch
For more information about Merriwether & Williams Insurance Services (MWIS) and to speak with a team member, please email Janet Ramirez, Contract Base Financing Analyst: janet.ramirez@hubinternational.com
