• Up to 25 year amortization.
• Loan proceeds can be used for working capital, business acquisition, construction, real estate, equipment and inventory purchase, debt restructuring.
Revolving Loan Fund: $25,000 - $700,000
• To help existing businesses in Los Angeles County, grow, save jobs, and create employment opportunities in the region.
• Funds can be used for debt restructure, business acquisition, fixed asset financing, and working capital.
SBA Micro-Loan Program: $1,000 - $35,000
• 3-5 year amortization.
• Loan proceeds can be used for working capital, equipment and inventory purchase.
SBA Bank of America Express Loan Program: $5,000 - $100,000
• 3-5 year amortization.
• 1-page application.
• 3-week turnaround.
• Loan proceeds can be used for working capital, debt restructuring, equipment and inventory purchase.
SBA Community Express Program: $5,000 - $15,000
• Qualifying businesses are at least 51% minority, veteran or woman owned and operated.
• No bankruptcy history for the last 3 years.
• No criminal history.
• Minimal paperwork.
• 3-week turnaround.
• Loan proceeds can be used for working capital, equipment and inventory purchase.
SBA 504 Loan Program (specifically for the land, buildings, and equipment):
• Applicant injects 10% to 20% of eligible project costs.
• 50% of project costs funded with conventional bank loan, secured by first lien.
• SBA issues 10 to 20 year, fixed rate debenture to fund balance; secured by second lien.
• Maximum debenture is $1.0 million.
Downtown LA Retail Project
315 W. 9th Street, Suite 501, Los Angeles, CA 90015 • (213) 488-3599 • fax: (213) 430-0652 • email
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