Commerce, CA
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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