PROGRAM EDA REVOLVING LOAN FUND PURPOSE: To make small business loans to businesses that are not traditionally bankable. Special emphasis is placed on the creation and retention of jobs. USE OF FUNDS: Working capital Equipment purchases Inventory Leasehold improvements Contract financing Business expansion Real estate FINANCING METHOD: Economic Development Administration (EDA) provides the funds. PCR makes the loan decisions and disburses the loan proceeds. QUALIFICATIONS: Proceeds must be used for small businesses located in Los Angeles County. Borrower must show repayment ability. MAXIMUM AMOUNT: $650,000 for each borrower. MATURITY: Working capital - up to 7 years Fixed assets - up to 15 years Real estate - up to 20 years INTEREST RATE: Fixed, or floating with the Prime Interest Rate. COLLATERAL: Available business and personal assets (machinery, equipment, accounts receivable, inventory and real property). FEES: Loan origination fee of 1.5% plus reasonable fees to cover the cost of loan processing. CONTACT: Nestor Correa: (213) 739-2999 ext. 227 or nestor.correa@pcrcorp.org.