Loan Terms
The CRCD Loan Fund requires applicants to meet certain eligibility requirements
in order to be considered for a loan. These requirements include the following:
Business Type
Start‑up, Newly Established, and Growing Small Businesses in the Retail, Manufacturing, Food Service, and Automotive Sectors
Location
Businesses must be located in an area bounded by Vermont Avenue on the West, Alameda/Long Beach Avenue on the east, Adams Boulevard to the north and Century Boulevard to the South. There will also be a focus on the commercial corridors of Central Avenue, Main Street, Broadway, Vermont, Adams, Washington, Figueroa Street, and the manufacturing area known as the Goodyear Tract.
Other Qualifications
The business must have a Business Tax Registration Certificate (BRTC) for the City of Los Angeles