County small business loan program tapped out

The Los Angeles County Development Authority’s Small Business Stabilization Loan Program has reached its application limit with loan requests now in excess of $30 million.
Launched Jan. 28, the loan program provides eligible businesses with a competitive interest rate for loans ranging from $50,000 to $3 million.
Businesses that applied for the program must have been in operation for at least two years and seeking working capital, equipment purchases, real estate acquisition or refinancing of ex...

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