Brian Mercer, Brouwerij CEO & founder, cleaning the cutting edge, green brewing tanks Have you noticed? Los Angeles is on a tear. The city is forecast to add tens of thousands of jobs across a broad range of industries through 2021, tech startups are surging and a revived Downtown L.A. is the nation’s go-to spot. Now is a great time to start or expand your business in Los Angeles.

EWDD designed the Small Business Loan Program in order to provide financing to viable small businesses that private lenders cannot accommodate. Whether, your business is a Start-Up or an existing business that would like to expand, loan funds can be used for reasonable and eligible business operation costs, including, but not limited to, inventory, equipment, working capital and leaseholder improvements. The ultimate goal of the Small Business Loan Program is job creation and the borrower is required to create jobs in the City of Los Angeles.

Businesses must satisfy all the following eligibility criteria:
  • Annual revenue not to exceed $10 million
  • Create one permanent full-time equivalent job for every $35,000 in financial assistance received
  • Of the total jobs created, 51% of them need to be fulfilled or made available to low and moderate-income people
General financing terms:
  • Loan Amount: $50,000 - $500,000
  • Term/Amortization: 3-10 years
  • Minimum Owner Equity: 10%
  • Rate: 2.5% + 10 Year US Treasury Note Rate
  • Collateral and/or guaranty required
  • $250 Non-refundable Application Fee
  • 2.6% Loan Fee - can be financed through the loan
For more information, contact Alex Lakshtanov at 213-744-9368 or This email address is being protected from spambots. You need JavaScript enabled to view it..