Businesses may apply once for this round and for one
business only. Financing may be made available to qualified businesses, and eligibility is
based on accurate and complete submission.
For-profit and non-profit entities based in the County of Los Angeles are eligible for this capital, which is intended to finance up to 20% of the purchase price of a commercial or mixed-use property, not to exceed $500,000 (the "Subject Property"). The Recipient must intend to use all or a portion of the Subject Property for its own business needs, including office space and/or retail purposes.
The program will focus on serving businesses based in historically
under-served areas of the County of LA, businesses that create quality jobs, and businesses that have a high community impact.
If
your business is selected to move forward, you will be notified via email. Being
selected to move forward does not guarantee an investment will be made. Additional documentation will be required. This due diligence inquiry may include a background
search that we will conduct at our expense. If the business is selected for
investment, we will ask for W-9 and appropriate banking information so that we
may transfer funds by ACH to your designated account.
LISC will issue a Form 1099 for any Recoverable Grant provided under this program at the point of forgiveness. All taxes associated with the acceptance and/or use of a Recoverable Grant under this program are the sole responsibility of the individual Recipient. Applicants are advised to consult with their own tax professionals and/or legal counsel to ascertain the tax impact of any Recoverable Grant that may be provided under this program.
Privacy: Information provided through this process is the responsibility of each business. Information submitted to the portal remain confidential to the general public and any fellow businesses. Businesses will not hold LISC, Wells Fargo Bank, or either of their respective affiliates, and/or their affiliates’ respective members, partners, officers, employees, and agents liable for any losses, damages, costs, or expenses of any kind relating to the use or the adequacy, accuracy, or completeness of any information loaded in the form. For further information please see LISC’s privacy policy. Data entered on this secure form utilizes Form Assembly.
Conflict of Interest: Current directors, officers, employees and contractors of LISC or Wells Fargo Bank and such individuals' family members (spouse, parents, children, grandchildren, great-grandchildren, and spouses of children, grandchildren, and great-grandchildren) may not be eligible to receive funding.
Publicity: If selected for investment, please be advised that the business’ information, name, statements, and other information provided during the investment process may be used for promotional purposes in all forms and media and the business may be contacted by LISC and/or the program sponsors for such purposes. Businesses grants to LISC and the program sponsors a perpetual license to use such information without additional compensation (except where prohibited by law), and without any right to review and/or approve such content. Until notified, businesses must agree not to share any submission status publicly, including but not limited to all social media platforms, news media, or local publications.
Monitoring: LISC will monitor and conduct evaluation activity funded by the LISC Growth Capital Program. This will involve the bi-annual collection of data on a template provided by LISC.
Submission Guidance: LISC cannot accept changes to your responses once it has been submitted, so please review it carefully. Your work may not be saved if you leave the web page before submitting this request for information. You may also lose your work if your internet is disconnected, or as a result of other potential web browser issues.
You will see a confirmation page after successful submission.