On September 8, 2025, Steadfast LA, in partnership with Banc of California, distributed the initial small business recovery grants through their Small Business Initiative. A collective total of $125,000 was awarded to three Altadena businesses: Webster’s Community Pharmacy, Fair Oaks Burger, and Altadena Cookie Co. These grants are intended to aid in their recovery from fire-related damages incurred since January.
Rick Caruso, Founder and Chairman of Steadfast LA, and Jared Wolff, Chairman and CEO of Banc of California, personally visited the businesses to distribute the grants and hear their stories. This direct engagement underscores the commitment to helping these local institutions rebuild and continue serving their communities.
The Small Business Initiative, launched last month with an initial $1 million donation from Banc of California’s Wildfire Relief & Recovery Fund, has received over 500 grant applications to date. Future grants are planned for distribution to small businesses in the Palisades and Malibu in the coming days, demonstrating ongoing support for affected areas.
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