VEDC, with support from Bank of America and US Bank, offers the Small Business Administration Microloan Program.
The Microloan program provides financing to:
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Start-up businesses
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Existing businesses
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Home-based companies
in Los Angeles, Ventura, Santa Barbara and Orange Counties!
We originate loans from $1,000 to $35,000 with a 3-5 year term at market rate with no points.
To qualify, the business must:
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Create or Save Jobs
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Demonstrate an ability to repay through existing cash flow, reasonable credit and/or collateral.
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Eligible use of proceeds include:
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Storefront Facade Improvement
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Machinery and Equipment
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Working Capital
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Inventory
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Relocation
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Business Acquisition
Loan approved subject to:
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1 day participation in Micro Enterprise Training Program
Start-up businesses will be considered with submission of a complete business plan and financial statements.
Click here to start the application process ONLINE!
Contact:
Andrea DeLuna
(818) 907-9977
adeluna@vedc.org
Funding Provided by the U.S. Small Business Administration, Bank of America and US Bank.