Loan Programs
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| Loan Amount | $1,000 to $20,000 | |
| Interest Rate | Wall Street Journal Prime Rate plus a factor. | |
| Fees | $75 Non-Refundable application fee per borrower, 2% loan fee, 1% technical assistance fee and all third party costs. | |
| Loan Term | Five (5) Years Maximum | |
| Collateral | Requirements may included but is not limited to Property, Autos, Real Estate and Equipment. | |
| Allowable Use of Funds | Equipment, Working Capital, and Inventory. | |
| Business Location | City of Pasadena, CA Only. | |
| Funding Source | Community Development Block Grant Funds | |
| Requirements | Loan Committee Approval is required on all requests. | |
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Fees & Rates are subject to change without notice |
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