Los Angeles Community Development Commission

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County Business Loan Program

The County Business Loan Program (CBLP) is a revolving loan fund that assists companies with their expansion and development. Loans are for businesses located in Los Angeles County.

  • Use: Real estate, construction, equipment and working capital
  • Amount: $50,000 to $1 million
  • Current rate: The current rate is fixed at 6%

County Business Expansion Loan Program

The County Business Expansion Loan Program (CBELP) provides financial assistance to small and medium sized businesses to create and expand permanent job opportunities and promote economic development in the county.

  • Use: Real estate, construction, equipment and working capital
  • Amount: Up to $1 million
  • Current rate: Fixed at 6.5%
  • Loan fee: 2 points
  • Term: 5 to 20 years
  • Available countywide

County Float Loan Program

The County Float Loan Program (CFLP) is a short-term, interim, interest only financing for businesses, private developers and public agencies.

  • Use: Land acquisition, construction, equipment and working capital
  • Amount: Over $1,000,000
  • Rate: Below market
  • Security: AA rated, direct pay, irrevocable, callable on demand, letter of credit
    Available in unincorporated areas and participating Community Development Block Grant (CDBG) cities

Contact Us

Iris Alvarado, Loan Administrator
Phone: (323) 890-7044
Fax: (323) 890-8575
Email

Rodolfo Quiroz, Loan Officer
Phone: (323) 890-7202
Fax: (323) 890-8575
Email

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