The first step is always the hardest for a 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 a 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 to obtain a 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)