Tuesday, August 15, 2006

VEDC Capital Access Center for Business Loan Assistance

If you're a small business located in Los Angeles County in need of working capital or a business loan, then a quick trip to the Valley Economic Development Center may be an excellent use of your time.

Also known as the VEDC, the organization will soon be celebrating its 30th year of providing a variety of technical and financing assistance to over 6,000 entrepreneurs and clients annually.

The VEDC's Access to Capital program not only organizes "Where's the Money" expos (the next one is in October), but also provides debt advisory services and helps arrange financing through the Revolving Loan Fund, the California State Loan Guarantee Program and a variety of SBA loan programs including SBA 504, SBA 7(a), Microloan and SBA Community Express. These programs can be used to access loans in amounts ranging from $1 thousand to $2 million.

For those of you outside the greater Los Angeles area, the SBA website is a great place to start your search to find your local equivalent.

Please feel free to contact me with questions or ideas for future articles!

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