Among the most difficult obstacles facing the start-up business owner, or even established business owner seeking to expand his or her business, is access-to-capital. The Latin Business Association is proud of its alliance with these fine organizations and institutions who are committed to providing today’s entrepreneurs the capital, and many other resources and tools necessary to grow their businesses:
LBA Access-to-Capital Partners
VEDC- Valley Economic Development Center
VEDC’s Women’s Business Center
5121 Van Nuys Blvd. 3rd Fl.
Van Nuys, CA 91403
(VEDC)Tel: (818) 907-9922
Fax: (818) 907-9720
“To provide, create and sustain jobs and businesses in our communities
by providing high-quality business development services.”
LBA Access-to-Capital Partner VEDC is a leading non-profit small business lender that is changing the way small business lending is done by making it more available, sustainable and impactful. As a national small business lender, VEDC has lent $360 million in direct and guaranteed loans to 100,000 small businesses and created more than 27,000 jobs. As a certified Community Development Financial Institution (CDFI), VEDC’s mission is to help create jobs and promote economic development in under-served communities. It provides loans and micro-financing options to small businesses, particularly those owned by women and minorities, that don’t qualify for traditional bank financing. VEDC also offers technical assistance and training in Metro Los Angeles and Las Vegas through their North and West Valley BusinessSource Centers and their SBA sponsored Women’s Business Centers.
VEDC has grown its portfolio from $10 million to $30 million in the last 5 years and expanded into six more states in 3, an exciting phenomenon unprecedented in the 37 year history of the organization. VEDC’s growing footprint enables small businesses, banks and foundations to work with one experienced partner throughout VEDC’s expanding geographic reach.
LBA Access-to-Capital Partner VEDC’s expanding portfolio is currently composed of community-based loan funds in Los Angeles, Chicago, San Francisco, Las Vegas, Salt Lake City and the New York Tri-State area.
$1,000 – $50,000
Small Business Loans
$50,000 – $500,000
$50,000 – $250,000
$25,000 – $2,000,000
up to $5,000,000
For more information call one of VEDC’s offices to discuss how they can help you or your client.
U.S. Small Business Administration (SBA)
SBA- Los Angeles District Office
330 North Brand, Suite 1200
Glendale, CA 91203
Guaranteed Loan Programs – SBA itself does not make loans, it guarantees loans to small businesses by private and other institutions.
SBA offers a variety of loan programs for very specific purposes:
SBA Loan Queue
On September 27, 2010, President Obama signed the Small Business Jobs Act of 2010 (the “Small Business Jobs Act”). This legislation provided an additional $505 million to the Small Business Administration to support as much as $14 …
7(a) Loan Program – Financial help for businesses with special requirements. For example, funds are available for loans to businesses that handle exports to foreign countries, businesses that operate in rural areas, and for other …
Microloan Program – provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers. The SBA makes funds available to specially designated intermediary…
CDC/504 Loan Program – long-term financing tool, designed to encourage economic development within a community. The 504 Program accomplishes this by providing small businesses with long-term,…