Core Points - The initiative by Steadfast LA and Banc of California has awarded a total of $400,000 in small business recovery grants to ten businesses affected by wildfires, bringing the total funding to $525,000 [1][2][4] - The funding aims to support a variety of small businesses, including restaurants, pharmacies, and veterinary centers, helping them recover from significant losses due to the wildfires [2][3] - The program is part of a broader effort to revitalize communities in Altadena, Malibu, Pasadena, and the Pacific Palisades, emphasizing the importance of small businesses in maintaining neighborhood character [3][5] Funding Details - The second round of grants follows an initial distribution in September, which provided funding to three businesses in Altadena [4] - Each business can receive direct grants of up to $50,000 as part of the Small Business Initiative launched in August 2025 [4][5] - Banc of California contributed $1 million to seed the program through its Wildfire Relief & Recovery Fund, with additional support from Steadfast LA [5] Business Impact - The ten businesses receiving grants include various establishments such as Altadena Beverage and Market, Beach Side Café, and Pacific Palisades Veterinary Center, all of which faced challenges due to the wildfires [4] - The initiative is designed to help these businesses reopen, restore jobs, and bring a sense of normalcy back to their communities [1][2]