Small Business Loans
We offer low-interest loans for entrepreneurs and small business owners to help you grow your business – and make your dreams a reality.
We’re a certified Community Development Financial Institution (CDFI) based in Boyle Heights and serving small businesses across Los Angeles County. We have unique experience in working with immigrant entrepreneurs and entrepreneurs of color, helping to bring equitable access to economic opportunity to historically marginalized communities.
Since launching these programs, we have distributed more than $9 million in microloans and grants to local street vendors, brick-and-mortar small businesses, and other entrepreneurs.
Our loans
We are not like a bank. As a CDFI, we work with low-income, Black and brown, and immigrant entrepreneurs to offer low-interest small business loans and business coaching. We offer resources to community members who experience barriers trying to get loans from traditional lenders. We’re here to help you!
Through our Semi’a Fund, we offer small business loans ranging from $500-50,000, alongside business coaching, to help you build your entrepreneurial skills and grow your business.
See our terms sheet below to learn more about the types of loans we offer.
If you are interested in a small business loan, please fill out this form to check your eligibility.
For more information about our loan services, contact semiafund@inclusiveaction.org.
Or call to schedule an appointment: (323) 604-9765
| Raices | Semi’a | |
|---|---|---|
| Funding Amount | $500 – $2,500 | $3,000 -$50,000 |
| Interest Rate | 5% fixed (annual) | 8% fixed (annual) |
| Repayment Term | 3 – 12 months | 12 -60 months |
| Fees | No application fee | $50 application fee State Guarantee fee of 3% of loan amount |
| Use of Funds | Working capital, inventory and refinancing predatory debt | Working capital, equipment pur- chases, and inventory |
| Time in Business Required | 6 months | 12 months |
| Funding Timeline | 7 – 15 days | 30 – 45 days |
| Income Requirements | Business generating less than $1,000,000 in gross sales/year. Applicant must meet low to moderate income threshold based on HUD limits. | |
HIGHLIGHTS
- Businesses operating in Los Angeles County
- No down payment required
- No ITIN requirement.
- Business coaching provided during the life of the loan.
- Payment frequency — monthly
- Personal Guarantee required
- No minimum FICO. No pre-payment penalties
- Collateral or security deposit reviewed on a case by case basis.
- 1 year minimum of industry experience (require- ment may be waived depending on industry type)
Loan products and rates are subject to availability.
Ineligible businesses include businesses: selling animals without proper licenses, counterfeit goods, cannabis, tobacco products, insurance, and those that promote violence. Other ineligible businesses include: non-profit organizations, passive income businesses, religious organizations, multi-level marketing businesses, adult entertainment, and franchise businesses. Ineligible businesses subject to change. We will create a self-certification form for informal businesses. Business must have 5 employees or less (including owner/s). Ineligible use includes the purchase of a non-commercial vehicle.
| Raices | Semi’a | |
|---|---|---|
| Monto del Préstamo | $500 – $2,500 | $3,000 -$50,000 |
| Tasa de Interés | 5% fijo (anual) | 8% fijo (anual) |
| Plazo de Pago | 3 – 12 meses | 12 -60 meses |
| Cargos | Sin cargo de solicitud. | Cargo de solicitud de $50. Tarifa de garantía estatal de 3% del monto del préstamo |
| Uso Autorizado de los Fondos | Capital circulante, inventario y refinanciamiento de préstamos abusivos | Capital circulante, compras de equipo e inventario |
| Tiempo en el Negocio Requerido | 6 meses | 12 meses |
| Tiempo de Financiación | 7 – 15 días | 30 – 45 días |
| Requisitos de Ingreso | Negocio genera menos de $1,000,000 en ventas totales/año. El solicitante debe cumplir con el umbral de bajo a moderado ingreso según los límites de HUD. | |
In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: crcomplaints@treasury.gov.