The Los Angeles County Community Development Commission on Monday announced the streamlining of the county’s small and medium business loan programs.
The revamped program, known as Smart Funding, focuses on four specific areas: manufacturing; clean technology; medical and health professions; and transportation-adjacent development. Loans range in size from $25,000 to $1.5 million and can be used to help local businesses purchase equipment, acquire commercial property, build up working capital, or create and retain jobs.
“We’re pleased to offer Smart Funding to help valuable Los Angeles County businesses succeed,” Sean Rogan, the commission’s executive director, said in a statement. “By streamlining these loans, we are positioning local businesses for healthy economic growth in the years ahead.”
Local business owners can learn more about SMART Funding by visiting their website https://www.lacdc.org/economicdevelopment/smart-funding or by calling the CDC at (626) 586-1856, or emailing firstname.lastname@example.org.
Public policy and energy reporter Howard Fine can be reached at email@example.com. Follow him on Twitter @howardafine.