Loan Programs
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| Loan Amount | $5,000 to $50,000 | ||
| Interest Rate | Wall Street Journal Prime Rate plus a factor. | ||
| Fees | $75 Non-Refundable application fee per borrower, 2% loan fee, 2% loan loss fee, and all third party costs. | ||
| Loan Term | Five (5) Years Maximum | ||
| Collateral | Requirements may include but is not limited to Property, Plant, and Equipment. | ||
| Allowable Use of Funds |
Equipment, Working Capital, Debt Restructure,
and
Inventory. | ||
| Business Location | Los Angeles County | ||
| Funding Source | Bank Investment Funds | ||
| Requirements | (1)
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Loan
Committee approval is required on some requests. 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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