The program is to provide financing to viable small businesses that private lenders cannot accommodate. Loan funds can be used for reasonable and eligible business operation costs, including, but not limited to, inventory, equipment, working capital and leaseholder improvements.
Site Type
Eligibility
Annual revenue must not exceed $10 million and have no more than 500 employees; Must create one permanent full-time equivalent job for every $35,000 in financial assistance received from the City; Out of the total jobs created, 51% must be fulfilled or made available to low and moderate-income persons; Business must be located in the City of Los Angeles; Applicant must show evidence of not being able to obtain financing elsewhere.
Resource Type
Target Geography