Loan Programs
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| Loan Amount | $5,000 to $25,000 (increments of $5,000) | ||
| Interest Rate | Wall Street Journal Prime Rate plus 4.75%. | ||
| Fees | $475 Packaging Fee $120 to $475 Guaranty Fee (depending on loan amount). | ||
| Loan Term | Seven (7) Years. | ||
| Collateral | Personal Guaranty if applicable. | ||
| Allowable Use of Funds | Equipment, Working Capital, Inventory, and Leasehold Improvements. | ||
| Business Location | Los Angeles County | ||
| Funding Source | Innovative Bank | ||
| Requirements |
To qualify for $20,000 or $25,000 borrower must be in business for a minimum of two consecutive years. |
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Fees & Rates are subject to change without notice
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