Entrepreneur Loan Fund
The Small Business Development Corporation of Orange County is now offering entrepreneurs the opportunity to acquire the financing needed to grow their businesses. For qualified applicants, the Entrepreneur Loan Fund will provide loans between $2,000 and $30,000. Credit processing approval within approximately one week.
Loan applicants must be a small business or an individual in the process of becoming a small business that is licensed in California. An applicant must be a low-wealth entrepreneur, or located in a low-wealth community. A low-wealth individual is defined as a business owner(s) with annual income equal to or less than the statewide average per capita income.
Terms are up to 5 years, fully amortized with fixed interest rates tied to the Wall Street Journal Prime Rate + 5%.