The first step is always the hardest for business owner. To build up your business, you may need a small loan. For those who haven’t built up enough credit history and are unable to get loan from banks, the Mini-Microloan is designed for them to make the first step towards success. This loan program is sponsored by a local bank partner. The requirements are attainable: clean car title, low documents and good credit score. This program is also available to small business owners who want loan for small working capital or purchasing small equipment.

With simple and fast application process and low documentation requirements, you could get a loan:

  • Up to $2,000
  • Terms:18 months
  • Interest Rate: 8.5% (6.5% for Green Business)
  • Fee: 5% or $100 max

The required documents for registration are:

  • Driver license
  • Social Security Card or ITIN
  • Bank Statements (3 Months)
  • Credit report
  • Clean car title

For more information, please call us at (213) 353-9400 for registration. Spaces are limited, we recommend you apply early.


© 2016 Pacific Asian Consortium in Employment (PACE)