Small Business Loan Products
People’s Yoga was supported by LA LISC with financing for leasehold improvements on their new yoga studio in Boyle Heights
We know that small businesses sit at the heart of a vibrant local economy.
Lending is an essential instrument in LISC’s community development toolkit. LISC’s small business loan program offers financing to small, for-profit businesses for everything from acquisition to equipment to working capital.
- LISC Economic Development loans: LISC offers Accelerated Business Loans, Permanent Working Capital Loans and Leasehold Improvement/FF&E Loans to existing businesses within LISC communities. Loan amounts range from $25,000 to $500,000.
- Maker Space Loans: LISC provides commercial property acquisition and construction loans to multi-tenant maker spaces. Loan amounts range from $500,000 - $3,000,000. LISC considers a maker space an adaptive reuse of old industrial buildings, warehouses and large commercial spaces to a multi-tenant facility. The spaces are characterized by small commercial rental units, short term leases, common areas and shared equipment typically used for business incubation, light/artisanal manufacturing and technology businesses.
- Commercial Real Estate Loans: LISC provides acquisition and construction loans for commercial and mixed-use projects. Loan amounts range from $500,000 - $5,000,000.
Please keep in mind that terms are subject to change and all loans must go through underwriting and credit approval process.