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Loan Assistance
FEZ Tax-Exempt Bond Financing
Through the Federal Empowerment Zone (FEZ), companies can apply for tax-exempt federal bond financing to procure new equipment,
renovate existing property and purchase property. Companies soliciting this type of financing must employ thirty-five percent (35%)
of FEZ residents to maintain the tax-exempt status of their bond.
For more information, please review:
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| 2005 Bond Recipient - Cramer Decker Industries |
Working Capital Loan
This program provides access to capital and entrepreneurial assistance to small businesses located in the Empowerment Zone.
To find out more regarding this program, contact Southland Economic Development Corporation.
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Working Capital Loan Company installed solar panels on Discovery Science Center Cube. |
Other Resources:
- SBA Loan/504 Debenture Program - Small businesses seeking loans to purchase or remodel an existing building or construct
a new facility and can provide a minimum 10% down payment can receive loans at below-market interest rates. Contact Southland
Economic Development Corporation to set up an initial interview.
- State Loan Guarentee Program - Provides loan guarantees for businesses that lack sufficient collateral. Businesses can
secure a term loan or line of credit up to $500,000. Contact the Small Business Financial Development Corporation
of Orange County (SBFDC)
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