L.A. County Streamlines Business Loan Programs


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 [email protected].

Public policy and energy reporter Howard Fine can be reached at [email protected]. Follow him on Twitter @howardafine.

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Howard Fine
Howard Fine is a 23-year veteran of the Los Angeles Business Journal. He covers stories pertaining to healthcare, biomedicine, energy, engineering, construction, and infrastructure. He has won several awards, including Best Body of Work for a single reporter from the Alliance of Area Business Publishers and Distinguished Journalist of the Year from the Society of Professional Journalists.

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