|
Countywide Loan
Programs
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Los Angeles County
Business Loan Program |
To provide funding to
start-up and existing firms that are creating and/or retaining jobs
for aerospace/ defense workers in communities hurt by
defense-related layoffs |
$25,000
- $1 million |
Small to medium sized
aerospace/defense related businesses in Los Angeles County,
especially in the Santa Clarita & Antelope Valleys, San Fernando
Valley, or South Bay |
Los
Angeles County Community Development Commission |
|
Los Angeles County
Micro Business Loan Program |
To provide loan
guarantees as a way of encouraging banks to make riskier,
non-traditional loans |
$5,000 -
$50,000 |
Small business owners in
the LA County uni-corporated areas, especially minorities |
Los
Angeles County Community Development Commission |
|
Economic Development
Loan Program (Float Loan) |
Provides large,
short-term loans for property, acquisition, working capital,
construction, and machinery and equipment |
$500,000
- No Maximum |
Projects located in Los
Angeles County uni-corporated or a participating Community
Development Block Grant City |
Los
Angeles County Community Development Commission |
|
Section 108 Economic
Development Loan Program |
Provides large loans to
participating cities in the urban county program or direct loans to
businesses in uni-corporated Los Angeles County |
No
Maximum |
Cities participating in
Urban County Program or businesses located in Los Angeles County
uni-corporated area |
Los
Angeles County Community Development Commission |
|
Los Angeles County
Economic Development Program |
Short-term financing
program, no more than 18 months |
$500,000
- $3 million |
For major cities &
developers to develop major projects, (i.e., movie theatres, parking
lots, etc.) for general public use |
Los
Angeles County Community Development Commission |
|
Los Angeles County
Recycling Market Development One Revolving Loan |
Financing to businesses
and local governmental agencies utilizing pot consumer waste |
$1
million |
Business or governmental
agencies located in recycling market developmental zone |
Los
Angeles County Community Development Commission |
|
Asian Pacific
Revolving Loan Fund |
To provide loans to
un-bankable or near bankable small businesses |
No
Maximum |
Los Angeles County
Businesses |
Asian Pacific Revolving Loan Fund |
|
First Step |
Term and revolving for
start-up and fledgling businesses, even when credit history is
questionable. Initial loans capable of being transformed into larger
loans based on performance |
$5,000 |
Graduates of
entrepreneurial training program with business plan for start-up or
fledgling business |
VEDC |