The Valley Economic Development Center, Inc., with support from Bank of America, offers the Small Business Administration Microloan Program.

 

The Microloan program provides financing to:

  • Existing businesses

  • Start-up businesses

  • 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:

  • Create or Save Jobs

  • Demonstrate an ability to repay through existing cash flow, reasonable credit and/or collateral.

 

Eligible use of proceeds include:

  • Storefront Facade Improvement

  • Machinery and Equipment

  • Working Capital

  • Inventory

  • Relocation

  • Business Acquisition

Loan approved subject to:

  • 1 day participation in Entrepreneurial Training Program

Start-up businesses will be considered with submission of a complete business plan and financial statements.

Click here to get your Application ONLINE!

Contact:

LABDC — Angela Stanislawski

 (818) 907-9977

astanislawski@vedc.org

 

Funding Provided by the U.S. Small Business Administration & Bank of America.

 


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