Little Llama Peruvian Tacos restaurant in DTLA
The Hollywood BusinessSource Center helped Chef Jean Valcarcel, Angela Wagner, and Chris Spinder, owners of Little Llama Peruvian Tacos, open their first brick and mortar restaurant.

The owners were first referred to the Hollywood BusinessSource for assistance in obtaining financing to open a storefront restaurant. At the time, Little Llama Peruvian Tacos had been operating as a one day a week pop-up every Sunday at Smorgasburg LA, a weekly food event in the City’s Arts District neighborhood.

HELPING SMALL BUSINESSES LAUNCH AND THRIVE DURING COVID-19

A real estate developer for a new a luxury apartment building in Downtown Los Angeles (DTLA) had approached the Little Llama team with an opportunity to have their first full-scale restaurant on the ground floor of the new building. The offer was contingent on the team being able to secure financing, then the developer would offer favorable terms in the form of an additional allowance to build out the restaurant space.

Working with the BusinessSource Consultant, the team was able to obtain an SBA loan along with an additional line of credit. After overcoming a few setbacks in the permitting process, the restaurant was set to open in April 2020 when COVID-19 suddenly delayed those plans.

With additional assistance from the Hollywood BSC team, the business was able to secure multiple COVID-19 emergency loans, including a loan from the City’s Small Business Emergency Microloan Fund. Without these emergency loans, the multi-year project would likely have stopped completely, staff said.

In October 2020, Little Llama Peruvian Tacos opened for al fresco dining on two patios, take out, and delivery on the ground floor of the STOA Apartment building at 2nd and Main Streets in DTLA. The restaurant has created 13 new jobs with plans to bring on more staff as they grow.

EWDD’s BusinessSource and WorkSource Centers offer a variety of Business Services, including several Financial Programs and Development Incentives for businesses of all sizes. Learn how EWDD can help.


This story is part of the EWDD UPDATES from the week of October 26, 2020. Read this issue and more.