FAMILY SERVICE ASSOCIATION
JOBS CREATED BY LOAN: 50
LOAN AMOUNT: $2,500,000
Family Service Association (FSA) is a nonprofit organization that provides services to children and seniors. Services include child-care, meals, education, and counseling. One of FSA’s key services is delivering fresh food to low income residents and seniors on “The Mobile Fresh Bus”. Throughout its 61-year existence, FSA has acquired real estate holdings, grants and recently support through the Small Business Loan Guarantee Program (SBLGP) to allow them to continue serving others. “IBank and its partners support for a $2.5 million loan was instrumental in expanding our child care centers, senior nutrition sites and services, supporting 25 jobs, in addition to the invaluable human services to residents of the Inland Empire”, said Dom Betro, CEO of FSA.
The Small Business Financial Development Corporation of Orange County administered the $2.5 million loan supported by IBank’s SBLGP through the Banc of California. FSA used the funds to refinance business real estate loans, refurbish facilities, and to make energy saving improvements.