1 / 13

Community Development Commission of the County of Los Angeles

Commercial and Industrial Loan Programs. Community Development Commission of the County of Los Angeles. EDA and CDBG Programs. During the life of the EDA and CDBG loan programs: Funded 255 loans for a total of $127 Million Created and retained over 3,500 jobs. Loan Features.

victoria-odonnell
Download Presentation

Community Development Commission of the County of Los Angeles

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Commercial and Industrial Loan Programs Community Development Commission of the County of Los Angeles

  2. EDA and CDBG Programs During the life of the EDA and CDBG loan programs: • Funded 255 loans for a total of $127 Million • Created and retained over 3,500 jobs

  3. Loan Features • Loans fund property acquisitions, construction, equipment, and working capital. • Loans range from $50,000 to $5 million • Interest rates range from 3.5% to 6% • Terms are 2.5 to 20 years

  4. County Business Loan Program • Loan Amount $140,000 • Optometry Clinic start-up • Working capital, equipment & inventory • 4 new jobs created • Unincorporated Area of Altadena • Real estate Collateral

  5. County Business Loan Program • Loan Amount $750,000 • Property acquisition • Rebuilt auto parts and distributor • 22 new jobs created • City of La Puente • Real estate collateral (1st deed of trust)

  6. County Business Loan Program • Loan Amount $ 1,350,000 • Importer of marble and granite • Property acquisition • 41 new jobs created • City of Santa Fe Springs • Real estate (1st deed of trust)

  7. County Business Expansion Loan Program • Loan Amount $300,000 • Dumplings manufacturing • Machinery & Equipment • 9 new jobs created • City of Alhambra • Real estate & $100,000 CD

  8. County Business Expansion Loan Program • Loan Amount $500,000 • Baking company • Working Capital and Machinery Equipment • 11 new jobs created • City of Gardena • Real estate & UCC-1 filing on business assets • From : • 12,000 sq. ft. leased facility • 8 employees • Stored products in parking area • To: • 38,000 sq. ft. owned facility • 19 full-time employees • Purchase of machinery and equipment

  9. County Business Expansion Loan Program Loan Amount $100,000 Medical Clinic Working capital and machinery and equipment 3 new jobs created City of San Gabriel $50,000 CD

  10. County Technology Loan Program • Loan Amount $100,000 • Dining and drinking guide • Working capital, Machinery and Equipment • 3 jobs created • Affiliate of the Business Technology Center • Real estate, machinery and equipment

  11. County Utility Loan Program • Loan Amount $275,000 • Mutual water company • Drilling and replacement of water well • 6 jobs retained • Los Angeles Unincorporated Area • Real estate and UCC-1 filing on business assets

  12. County Float Loan Program • Electronics Manufacturer • $4,000,000 • Working Capital and Inventory • 127 jobs retained • SpaceX • Airborne Laser Test bed • Northrop Grumman • Boeing

  13. Community Development Commission of the County of Los Angeles For further information contact: Iris.Alvarado@lacdc.org at (323) 890-7044 Rodolfo.Quiroz@lacdc.org at (323) 890-7202 www.lacdc.org

More Related