Loan Programs
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| Loan Amount | $5,000 to $100,000 | |
| Interest Rate | Wall Street Journal Prime Rate plus a factor. | |
| Fees | Loan origination fee based on amount of the loan, a $75 Non-Refundable Applicant Fee, a loan loss fee and all third party costs. | |
| Loan Term | Seven (7) Years Maximum | |
| Collateral | Requirements may include but is not limited to Property, Plant and Equipment. | |
| Allowable Use of Funds | Working capital, equipment, inventory and business debt restructure. | |
| Business Location | Altadena, Glendale, and Pasadena | |
| Funding Source | Economic Development Administration Funds | |
| Requirements | (1) Loan Committee Approval is required on all requests. (2) Borrower must be in business for a minimum of two consecutive years. (3) Borrower must be unable to obtain credit elsewhere. | |
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Fees & Rates are subject to change without notice |
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