• 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 Microloan 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.
California State Loan Guarantee Program
The San Fernando Valley Financial Development Corporation (SFV-FDC) administers the California State Loan Guarantee Program. The guarantee, issued on behalf of the State by the SFV-FDC, provides a lender with the necessary security to approve a loan or line of credit for business expenses. The Guarantee program was designed to induce local banks to provide financing to borrowers who cannot qualify for conventional loans.
Pacoima Microloan Program
The Pacoima Microloan Program provides financing to existing & start-up businesses in the Northeast San Fernando Valley. Businesses must be located in the Pacoima region. We originate loans from $1,000 to $15,000 for 3 to 5 years at rates of Prime + 6% plus 3% fee.
Panorama City Business Assistance Program
8614 Van Nuys Blvd. Suite B, Panorama City, CA 91402 • (818) 830-2504 • fax: (818) 830-9045 • E-mail
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