Small Business Expansion Loan Program
CFRC’s commercial loans are different than loans offered at traditional financial institutions. CFRC does not base its loan decisions exclusively on credit scores or collateral value, but rather on the entire profile of the business and its principals as well as the business’ potential to be successful. Funded by private investors and banks through CFRC, Small Business Expansion Loans range from $30,000 – $250,000.
Who is eligible?
These loans are offered to businesses located in Los Angeles County operating for more than 3 years and that are unable to secure financing through conventional means. Qualified businesses must be profitable, under consistent management for 3 years, and operate (at least 51%) in low-to-moderate income areas or employ individuals from these areas.
Expansion loans are offered to assist with small business growth in areas such as financing inventory, acquiring fixed assets, leasehold improvements, or providing permanent working capital. Interested applicants must meet with CFRC’s loan officer, submit a completed loan application and secure approval of a loan-committee.
For more information about CFRC’s Expansion Loan Program, please fill out the form below and a representative will contact you to schedule an appointment. To download and print a copy of the business loan application, click here.
Please mail the form to:
Community Financial Resource Center
Attention: Loan Department
4060 South Figueroa St.
Los Angeles, CA 90037
For more information, please call 323.233.1900.