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Econ. Devlpmt. Div. Contact
Alex Hamilton

1600 W. Beverly Blvd.
Montebello, CA 90640
Phone: 323-887-1390
Fax: 323-887-1401
Business Assistance Program

Los Angeles Community Development Commission

The Los Angeles Community Development Commission offers the following Business Assitance Programs available to the Montebello community:

County Business Loan Program:
The County Business Loan Program (CBLP) is a revolving loan fund that assists companies with their expansion and development. Loans 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 six. For additional information, click on the following link:  (PDF LINK)

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 six and one-half percent (6.5%). Loan fee: 2 points. Term: 5 to 20 years. Countywide. For additional information, click on the following link:  (PDF LINK)

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. Unincorporated areas and participating CDBG cities. For additional information, click on the following link:  (PDF LINK)

Contact

Iris Alvarado, Loan Administrator
Office: 323.890.7044
Fax: 323.890.8575
E-mail: iris.alvarado@lacdc.org

Rodolfo Quiroz, Loan Officer
Office: 323.890.7202
Fax: 323.890.8575
E-mail: rodolfo.quiroz@lacdc.org

U.S. Small Business Administration

The U.S. Small Business Administration provides programs and services to help businesses start, grow, and succeed. For additional information, click on the following link: http://www.sba.gov/financialassistance/

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