West Angeles CDC’s Small Business program provides assistance to entrepreneurs and small business owners throughout South Los Angeles and surrounding communities with starting and growing their business. Our program provides access to technical assistance, including one-on-one counseling, accounting and income tax preparation services, entrepreneurial training, and access to capital through our small business loan fund and Individual Development Account (IDA), also known as a matched savings program.
Currently Viewing: 2016 Reporting Data
Summary
Provides Microenterprise LoansYes
Other Microfinance Types
Credit-builder Loans
Individual Development Accounts (IDAs)
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 12
Value of Microloans Disbursed $71,500
Value of Microloans Outstanding $30,000
Portfolio Quality
Mean Interest Rate 8%
Other Financing Products
Small Business LoansYes
Max Business Loan Amount $250,000
Leverage Package or Guarantee Loans?Yes
Services Provided
Training and Technical Assistance (TA) Services
Business Training (group based instruction)
Business Technical Assistance (one-on-one assistance)
Business Development Services
Coaching/Mentoring
Financial Literacy
Credit Counseling
Access to Market Services
Tax Preparation
Case Management Services
Business Incubation
Technology Services
Self-employment Assistance
Business Development Training
Number Receiving Training 100
Number Receiving TA 100
Individuals Served 100
Clients Served 100
Businesses Served 50
Demographics
Gender
Women - 65%
Men - 35%
Other - 0%
Unknown - 0%
>
Ethnicity
Mixed-race - 0%
African American/African-born - 40%
Latino - 20%
White/Caucasian - 20%
Asian/Pacific Islander - 10%
South Asian - 0%
Native American/Alaska Native - 10%
Other - 0%
Unknown - 0%
>
HUD Low Income Standard
Below - 100%
Above - 0%
Unknown - 0%
>
Business Status
Business Status
Operating - 10%
Not Operating - 90%
Unknown - 0%
>
General Program Info
Area Types Served
Urban
Organization Description
Community Economic Development Organization
Geographic Area Served
California
Geographic Area Served DescriptionLos Angeles County, Spa 6 Zip Codes: 90016, 90018, 90007, 90008, 90037, 90043, 90062, 90011, 90011, 90001, 90002, 90059, 90222, 90262, 90248, 90220, 90746, 90221 and 90723
Staffing
# FTEs 15
Individuals Served per Full-Time Equivalent Staff 6.67
Clients Served per Full-Time Equivalent Staff 6.67
Budget Info
Operating Income $300,000
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