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-$75,000, alongside business coaching, to help you build your entrepreneurial skills and grow your business.
If you are interested in a small business loan, please fill out this form to check your eligibility. A Loan Intake Specialist will follow up to share more information about the types of loans we offer.
For more information about our loan services, contact semiafund@inclusiveaction.org.
Or call to schedule an appointment: (323) 604-9765
| Raices | Semi’a | Business Refinance | |
|---|---|---|---|
| Funding Amount | $500 – $2,500 | $3,000 -$75,000 | $500 – $15,000 |
| Interest Rate | 5% fixed (annual) | 8% fixed (annual) | 13% fixed (annual) |
| Repayment Term | 3 – 12 months | 12 – 60 months | 3 – 48 months |
| Application Fee | $30 | $75 | $75 |
| Origination Fee* | N/A | 2% | 5% |
| Guarantee Fee* | N/A | 3% | 3% |
| Use of Funds | Working capital, inventory and refinancing | Working capital, equipment purchases, and inventory | Business debt refinancing |
| Time in Business Required | 6 months | 12 months | 12 months |
| Funding Timeline | 7 – 15 days | 30 – 45 days | 30 – 45 days |
| Income Requirements | Business generating less than $3,000,000 in gross sales/year. Applicant must meet CDFI Fund standards. | ||
HIGHLIGHTS
- Businesses operating in Los Angeles County.
- Payment frequency — monthly.
- Personal Guarantee required.
- 1 year minimum of industry experience.
- No pre-payment penalties.
- No minimum credit score. A hard credit pull is required & credit history is considered.
- Collateral and/or security deposit reviewed on a case-by-case basis.
- Business coaching available for borrowers (online & in-person).
Loan products and rates are subject to availability.
*Percentage based on Loan Amount. Origination & Guarantee Fees due at loan closing (upfront); exceptions can be made for loans greater than $25k (loaned). Businesses must have 10 employees or less (including owner/s). Ineligible businesses include businesses: selling animals without proper licenses, counterfeit goods, cannabis, tobacco products, insurance, and those that promote violence. Other ineligible businesses include: passive-income businesses, religious organizations, multi-level marketing businesses, adult entertainment businesses, and franchise businesses. Ineligible businesses are subject to change. Ineligible use includes the purchase of a non-commercial vehicle.
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.
| Raices | Semi’a | Refinanciación de Deuda Empresarial | |
|---|---|---|---|
| Monto del Préstamo | $500 – $2,500 | $3,000 -$75,000 | $500 – $15,000 |
| Tasa de Interés | 5% fijo (anual) | 8% fijo (anual) | 13% fijo (anual) |
| Plazo de Pago | 3 – 12 meses | 12 – 60 meses | 3 – 48 meses |
| Cargo de Solicitud | $30 | $75 | $75 |
| Cargo por Originación* | N/A | 2% | 5% |
| Cargo de Garantía* | N/A | 3% | 3% |
| Uso Autorizado de los Fondos | Capital circulante, compras de equipo e inventario | Capital circulante, compras de equipo e inventario | Refinanciación de deuda empresarial |
| Tiempo en el Negocio Requerido | 6 meses | 12 meses | 12 meses |
| Tiempo de Financiación | 7 – 15 días | 30 – 45 días | 30 – 45 días |
| Requisitos de Ingreso | Negocio genera menos de $3,000,000 en ventas totales/año. El solicitante debe cumplir con los estándares del Fondo CDFI. | ||
PUNTOS DESTACADOS
- Negocios operando en el Condado de Los Angeles
- Frecuencia de pago — mensual
- Se requiere garantía personal
- Mínimo de un año de experiencia en la industria
- No multas por prepago
- Sin puntaje crediticio mínimo. Se requiere una consulta de crédito
- y se revisará el historial crediticio personal.
- Colateral o depósito de seguridad será revisado caso por caso
- Capacitación empresarial disponible para prestatarios (en línea y en persona)
Los productos y las tasas de préstamo están sujetos a disponibilidad.
*Porcentaje calculado sobre el monto del préstamo. Los cargos de originación y garantía se pagan al cierre del préstamo (por adelantado); se pueden hacer excepciones para préstamos
superiores a $25,000 (prestados). El negocio debe tener 10 empleados o menos (incluido el/los dueño/s). Tipos de negocios que no califican: ventas de animales sin las licencias
adecuadas, mercancía falsificada, cannabis, productos de tabaco, pólizas de seguros y negocios que promueven la violencia. Otros negocios que no califican incluyen: empresas de
ingresos pasivos, marketing multinivel, entretenimiento para adultos, organizaciones religiosas y negocios de franquicia. Las empresas que no califican están sujetas a cambios. El uso
no elegible incluye la compra de vehículos no comerciales.