The Los Angeles County Development Authority (LACDA), formerly Community Development Commission of the County of Los Angeles, supports local economies in Los Angeles County by promoting business growth, and encouraging job creation and retention through programs such as neighborhood revitalization, business incubation, financial incentives, and commercial lending. If you are looking to sustain or expand your business, or make facade improvements to improve street visibility, the LACDA is your first stop. The LACDA has made over 270 small business loans which have created and retained over 3,500 jobs in Los Angeles County.
Commercial Business Facades
The LACDA has active business facade improvement programs which provide grants and technical services to assist with the improvement of building facades along designated commercial corridors in unincorporated communities. The program improves the appearance of buildings and entire commercial centers, which enhances a sense of place and makes these areas more inviting places to walk and shop.
County Economic Development Loan Program
The County Economic Development Loan Program provides financial assistance to small- and medium-sized businesses located throughout Los Angeles County. Loan proceeds may be used for equipment, working capital, inventory, and owner user real estate. This program offers below-market interest rates, flexible loan terms, and no prepayment penalty. Loan amounts range from $50,000 to $1.5 million.
Manufacturing Revolving Loan Fund
The Manufacturing Revolving Loan Fund makes capital available to small- and medium- sized manufacturers within industrial unincorporated areas of Los Angeles County. The program offers below-market interest rates, flexible loan terms, and no prepayment penalty. Loan amounts are $100,000 maximum for businesses with at least two years in operation and $100,000 to $500,000 for businesses in existence for three or more years.