ABC’s Acquisition Capital product provides eligible small businesses and non-profits in LA County with 0% interest, flexible financing toward the purchase of commercial and mixed-use property for business needs, including office space and/or retail purposes. This funding is intended to finance up to 20% of the purchase price of a commercial property with a minimum purchase price of $500,000.
Eligibility Criteria
Qualifying applicants must be for-profit or non-profit 501(c)(3) entities that have filed as corporations, limited liability companies, or partnerships. Sole proprietors are not eligible. To be eligible, applicants must meet the following criteria:
Serve a low-to-moderate income community in Los Angeles County
Have operated for at least 2 years with 2 years of tax returns
Be referred to LISC by an approved referral partner listed here
Use all or a portion of the property for its own business/operations
Identify additional financing to cover the remaining costs of the property
For more information, check out the fact sheet and FAQ.
If you meet the eligibility criteria and are interested in being considered for Acquisition Capital, complete the intake form and a member of our team will follow-up with you.
Sign up for one of our free monthly webinars! Led by LISC LA program officers, the info sessions will cover everything you need to know about the ABC program, eligibility, and the application process.
To learn about Acquisition Capital terms, conditions, and submission requirements, see our Fact Sheet and FAQ below. For general inquiries, feel free to reach out to the ABC team at abclosangeles@lisc.org.
Check out our Acquisition Capital recipient success stories!
What are the qualifications for acceptance in Acquisition Capital?
Qualifying applicants must be for-profit or non-profit 501(c)(3) entities that have filed as corporations, limited liability companies, or partnerships. Sole proprietors are not eligible. To be eligible, applicants must meet the following criteria:
Serve a low-to-moderate income community in Los Angeles County
Have operated for at least 2 years with 2 years of tax returns
Be referred to LISC by an approved referral partner listed here
Use all or a portion of the property for its own business/operations
Identify additional financing to cover the remaining costs of the property
How much financing can my business receive through Acquisition Capital?
Financing is expected to range from $100,000 to $500,000, for up to 20% of the purchase price of a commercial property, not to exceed $500,000.
What types of properties are eligible for Acquisition Capital?
For-sale commercial properties based in Los Angeles County are eligible for financing, subject to review and approval by LISC, with a minimum purchase price of $500,000. Recipients must use all or a portion of the property for its own business.
How do I apply for Acquisition Capital?
Applicants must be directly referred to LISC by an approved referral partner. Referral partners can be found here.
LISC LA will review your completed intake form and respond to you, indicating one of the following options:
You have been referred to a Technical Assistance (TA) provider who will conduct a financial health check of your business in preparation for submission of a full response to LISC's Request for Information.
You do not qualify for the program, or your business may not be ready for submission at this time; or the program is unable to consider your submission because our program is at full capacity.
What are the financing rates and terms for Acquisition Capital?
Financing will be paid at closing in a lump-sum disbursement with an interest rate of 0.00% per annum. No repayment is required during the term of the financing if loan conditions are met. A one-time closing fee of 2% and a legal fee of up to $3,000 may be charged.
ABC’s Acquisition Capital product provides eligible small businesses and non-profits in LA County with 0% interest, flexible financing toward the purchase of commercial and mixed-use property for business needs, including office space and/or retail purposes. This funding is intended to finance up to 20% of the purchase price of a commercial property with a minimum purchase price of $500,000.
