Loan Program
Eligibility
Frequently asked questions
Loan Application Process
1
Start the Application
Fill in some basic information to determine your eligibility for the loan
2
Meeting
Meet with the Business Counselor to learn more about your business, go over the document process, set expectations, and provide support for the application process
3
Provide Documents
Compile and provide all the required documents and completing with the credit check
4
Loan Approval
The complete loan package will be reviewed and presented to our loan committee and scored on a rubric.
5
Closing
Sign and complete the loan promissory notes, review payment terms, complete UCC-1 filing for any collaterals and proceed to fund disbursement
Pre-application: support with creating the business plan and financial projections and document collection.
Post-award: ongoing small business technical assistance on marketing, operations, and other support for running a successful business.
Business Counselor
Johnny Huang
zhuang@cscla.org
(213) 808-1751