|
Federal Loan
Programs
|
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|
Fannie
Mae Partnership |
Involves
community neighborhood development venture capital funds |
$1 million - $5 million |
Local
developers involved in high-impact community re-development |
Fannie
Mae Partnership Office |
|
SBA 504
Business Industrial Loan Program |
Loans for
land purchases, building purchases, and capital equipment purchases
with a life of 15 years or longer. New construction, acquisition of
existing real property |
$100,000 - $1 million |
For
established businesses with a net worth of less than $7.5 million
and average annual income of less than $2.5 million, or which
qualify as a small business as defined by SBA. |
SBA,
Capital Access Center, Los Angeles County Business Finance Center,
Advantage CDC, La Habra LDC,
California Statewide CDC, LALDC, SBAC, GAVEA |
|
SBA 7(a)
Loan Guarantee Program |
To provide
up to 90% on commercial bank loans |
$500,000 |
For profit
businesses that qualify as small businesses, years as defined by the
SBA |
SBA, Capital Access Center, CHARO,
Advantage CDC, Harbor BAC, NCAIED, Operation Hope,
PACE, SBAC, USC BEN, Barrio Planners |
|
Community
Express |
Pilot loan
program to help small businesses start, build, or grow |
$250,000 |
Small
businesses located within specified geographic areas that SBA size
standards |
SBA |
|
SBA Low
Doc Program |
To provide
up to 90% on commercial bank loans |
$100,000 |
Entrepreneurs starting a new business & existing businesses whose
average annual sales for the preceding 3 years do not exceed $5
million and employ 100 or less |
SBA, CHARO, Advantage CDC, Harbor BAC, NCAIED, Operation Hope,
PACE, SBAC, USC BEN, Barrio Planners |
|
SBA 7(m)
MicroLoan |
Provides
short-term loans for small scale financing purposes |
$25,000 |
Virtually
all types of for-profit businesses that meet SBA eligibility
requirements |
SBA,
VEDC |
|
SBA
Minority/Women Prequalification Pilot Loan Program |
To provide
eligible small businesses access capital through the coordinated
efforts of both the public and private sectors. |
$250,000 |
Business
that are at least 51% owned and managed by a racial ethnic minority,
meet SBA 7(a) size standards and general eligibility criteria, and
are not engaged in speculation or investment in rental real estate |
SBA, CHARO, Advantage CDC, Harbor BAC, NCAIED, Operation Hope,
PACE, SBAC, USC BEN, Barrio Planners, Los Angeles County CDC |
|
Export
Working Capital Program (EWCP) |
To provide
short-term loans, to small businesses for export related
transactions; typically, loan maturity either matches a sales
transaction cycle with a term of up to 18 months or supports a line
of credit with a term of up to 12 months |
$750,000 |
Available to
manufacturers, wholesalers, and export management companies, and
export trading companies that have been in operation (not
necessarily exporting) for at least one year prior to the filing of
an application |
SBA |
|
International Trade Loan (ITL) |
To provide
short-term and long-term financing to small businesses involved in
exporting as well as to businesses adversely affected by import
competition. |
$1.25 million |
Small
businesses involved in exporting |
SBA |
|
CAPLines |
Meet
short-term cyclical, working capital needs of small businesses |
* |
Small
businesses which fall within size standards, set by SBA for
manufacturing, wholesaling, retailing, and other areas
*Loan advances can be made against a
borrower's certified level of inventory and accounts receivable |
SBA |
|
Surety
Bond Guarantee |
Assistance
to small business contractors who are required to have a bid,
performance, or payment bond in order to obtain a contract |
No maximum |
Small
business contractors |
SBA |
|
Energy &
Conservation Loan |
To provide
assistance to small businesses engaged in energy conservation |
$750,000 |
Small
businesses engaged in engineering, manufacturing, distributing,
marketing, and installing or servicing products designed to conserve
the nation's energy sources |
SBA |
|
Pollution
Control Loan |
To provide
assistance to businesses engaged in pollution control |
$1 million |
To be
eligible for this program, businesses must design, build, install,
or service a pollution control facility |
SBA |
|
Emergency
Loan Assistance Fund |
Provides
short-term loans to non-profit organizations experiencing cash flow
problems |
$5,000 - $50,000 |
Non-profit
organizations |
California Community Foundation |