The Community Development Commission of the County of Los Angeles announced the streamlining of its small and medium business loan programs — all now known as “SMART Funding,” according to a news release from the commission.
SMART Funding offers competitive loan programs created to support a variety of established businesses in Los Angeles County. Business owners and leaders want to make smart, sound financial decisions, and by working directly with SMART Funding, these businesses have the opportunity to access low-interest loans with customizable terms.
SMART Funding will offer personalized business capital options, focusing on four specific areas of promising economic development:
● Clean technology;
● Medical and health professionals; and
● Transportation-adjacent development.
With potential loans ranging from $25,000 to $1,500,000, SMART Funding aims to help local businesses purchase necessary equipment and machinery, acquire commercial property, build up working capital, and create and retain jobs.
Applicants will work closely with dedicated loan officers to determine eligibility and construct a loan tailored to specific business needs.
The CDC aims to help these local businesses build firm foundations, and save time and money — all in line with the agency’s goal of Building Better Lives and Better Neighborhoods for residents and business owners of Los Angeles County.
“We’re pleased to offer SMART Funding to help valuable Los Angeles County businesses succeed,” said CDC Executive Director Sean Rogan. “By streamlining these loans, we are positioning local businesses for healthy economic growth in the years ahead.”
The CDC is a creative and innovative public organization comprised of skilled professionals committed to Building Better Lives and Better Neighborhoods for the residents and business owners of Los Angeles County.
As an affordable housing, community and economic development agency, the CDC offers a wide range of programs benefiting residents and business owners in unincorporated Los Angeles County areas and various incorporated cities.
Local business owners can learn more about SMART Funding by visiting the SMART Funding website, calling the CDC at 626-586-1856, or emailing firstname.lastname@example.org.