Loan Eligibility
- Minimum of 2 years in business (For Loans over $1,000)
- Client of the South LA Business Source Program
- Currently City of La Tax Registration
- Certificate (Business License)
- Business Plan
$500.00-$5,000
Loan Terms: 4.5%
Loan Repayment Terms:
$500.00 – $1,000.00 1 Year
$1001.00 – $5,000 3 Years
Capital is the lifeblood of small business. Many companies often fail due to the lack of cash flow in their company. Recognizing the essentiality of capital, VSEDC provides ongoing support to aid in business owners’ access capital. Our expert team of loan consultants can assist you with identifying the capital needed and the appropriate financial resource. In addition, VSEDC counselors can assist you with the compiling your loan package. VSEDC utilizes relationships with lending institutions such as Valley Economic Development Center and Small Business Administration representatives to refer participants for loan funding. A summary of loan programs includes:
start-up businesses with average credit and collateral ($1K-50K)
businesses located in low-income areas and empowerment zones ($50K-250K)
profitable businesses operating for 2+ years seeking to expand ($50K-700K)
financing to assist with purchasing a commercial property