Industrial Development Bonds (IDBs) are tax-exempt securities issued by a governmental entity to provide money for the acquisition, construction, rehabilitation and equipping of manufacturing and processing facilities for private companies. IDBs can be issued by the I-Bank, local Industrial Development Authorities, or by Joint Powers Authorities.

 

Some of the benefits of IDB financing are the lower interest rates compared to commercial alternatives and long-term financing up to 30 years which are assumable.To find out if your business is qualifies for industrial development bonds, please visit Eligibility Requirements for Industrial Development Bonds.

 

For more information:

California Infrastructure and Economic Development Bank (I-Bank)

 

The County Business Loan Program (CBLP) provides financing for existing and start-up businesses for expansion and development. Funding may be used for property acquisition, equipment/machinery purchases and working capital. Loan amounts range from $25,000 to $1 million with a current rate of 6% and a repayment term of 5 to 20 years.

The County Development Loan Program (CDLP) provides financing for existing nonprofit organizations and businesses for expansion and development. Funding may be used for property acquisition, equipment/machinery purchases, tenant improvements, and working capital. Loan amounts range from $100,000 to $1 million with a current rate of 6.5% and a repayment term of 5 to 20 years.

The County Earthquake Loan Program (CELP) provides financing for firms impacted by Presidentially declared disasters, such as the Northridge Earthquake, or to finance hazard mitigation efforts, such as seismic retrofitting. Funding may used for property acquisition, equipment/machinery purchases, tenant improvements, debt restructuring, and working capital. Loan amounts range from $25,000 to $1,000,000 with a current rate of 5% and a repayment term of 5 to 20 years.

The County Float Loan Program (CFLP) provides short-term, interest-only financing for large projects that promote economic development and job creation/retention in Los Angeles County. Funding may be used for property acquisition, equipment/machinery purchases, tenant improvements and working capital. Loan amounts range from $1 million to $25 million with a rate below prime and a repayment term of 2.5 to 5 years.

The County Technology Loan Program (CTLP) is a financing program for start-up and early-stage technology firms in Los Angeles County. The CTLP may take an interest in the firm in the form of equity, warrants or royalties. Funding may be used for working capital (for research, engineering and design services, prototype development and testing, market research and marketing) or equipment/machinery purchase. Loan amounts range from $10,000 to $100,000 with a current rate of 6.5% and a repayment term of 5 to 20 years.

The County Utility Loan Program (CULP) provides financing for private and municipal water companies to upgrade and improve service in Los Angeles County. Funding may be used to rebuild facilities damaged by a disaster, to increase service delivery and capacity or to finance upgrades for hazard mitigation. Loan amounts range from $25,000 to $1 million with a current rate of 6.5% and a repayment term of 5 to 20 years.

For more information:  Community of Development Commission of Los Angeles County