| Revolving Line of Credit Loan Program | |
| Eligibility | Businesses located in Los Angeles County and nearby counties. In business for more than 2 years and show sufficient profits. Other underwriting requirements and fees applied. Reach out to PACE loan counselors to discuss. |
| Loan Amount | Up to $50,000 for new clients Up to $500,000 for repeat clients with strong repayment & collateral |
| Interest Rate | 8% – 10% annum |
| Loan Term | 12-24 months with annual review and extension option |
| Collateral | UCC lien required: Collateral required, and/or CalCap or iBank Guarantee |
| Lien Free | A 30-day lien-free period once per loan cycle |
| Downloadable | Click For Flyer |
As a Community Development Financial Institution (CDFI), PACE Finance Corporation‘s mission is to expand access to responsible, affordable capital for small businesses, particularly those that are underserved by traditional financial institutions. This revolving line of credit product is designed to help entrepreneurs manage working capital, stabilize cash flow, and grow sustainably.
Phone: 213-353-9400 | Email: loanteam@pacela.org
Location: 1055 Wilshire Blvd. Suite 900B, Los Angeles, CA 90017