The LA Metropolitan Chamber of Commerce is helping to make private sector investment and job creation happen in the LA region by offering commercial financing through its economic development division.
Our typical loan clients are startup companies, expanding companies, and companies that are relocating to the LA region. Our loans can be used for real estate (site purchase and development, construction and rehabilitation), machinery & equipment, and working capital.
We offer loans of up to $350,000 with terms up to 5 years, and amortizations up to 20 years. Interest rates are typically up to 1% over the rates of commercial banks.
Applicants are required to submit a business plan, personal financial statement and a completed loan application. Personal income tax returns and a description of the source and use of funds are also required.
The Chamber frequently partners with commercial banks and other public lenders to design complete loan packages that work for our clients.
To learn more about our commercial financing options, contact Scott Benson, Economic Development Director at (207) 783-2249, or email Scott@LAMetroChamber.com