Areas Served: San Diego, Los Angeles, Santa Barbara, Ventura, South Los Angeles County
Small loans for small businesses in San Diego, Los Angeles, Santa Barbara, Ventura, South Los Angeles County, California.
USE OF FUNDS: – Working capital – Equipment purchases – Inventory – Leasehold improvements – Contract financing – Business expansion – Real estate
FINANCING METHOD: Term loans amortized for not more than six years.
QUALIFICATIONS: Business Plan Summary and SBA MicroLoan Package CheckliSt.
REQUIREMENTS: Coaching and training provided by PCR during the term of the loan.
MAXIMUM AMOUNT: $35,000 for each borrower.
Special emphasis on loans under $7,500.
MATURITY: Maximum term of 6 years.
INTEREST RATE: Fixed interest rates.
COLLATERAL: Best available collateral which will include but not be limited to a UCC blanket filing on all company assets.
FEES: No loan fees or points.
Borrower may be responsible for costs associated with loan processing.
Contact InformationPCR Small Business Development
Address: 3255 Wilshire Blvd., Suite 1501
City: Los Angeles
State: California
Website:
http://www.pcrcorp.org/finance/pcr2.htm
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