Purple Line Microloan + Grant
LATINO ECONOMIC DEVELOPMENT CENTER
Our Resilient Business Corridors model is currently being implemented in areas near the Purple Line Transit Project. We work to help existing small businesses survive the construction period and benefit from the progress that development brings about.
Has your small business been impacted by the Purple Line? Our team of business experts can help you stay in business so you can reap the benefits of development.
Let us help you benefit from revitalization —
Purple Line Microloan + Grant
The Purple Line Microloan exists to help businesses alleviate the negative impacts of construction and improve cash flow.
- Up to $250,000
- Interest rates as low as 4.5%
- Terms up to 10 years
- No minimum credit score requirement
- No application fee
- Business advice at no cost
- Upon loan approval, businesses located
within half a mile from Purple Line corridor
will also receive a grant of up to $2,000
