Asset Building for Communities of Color (ABC)

LISC LA’s Asset Building for Communities of Color (ABC) program is designed to create pathways for small business owners operating in communities of color across Los Angeles County to grow, scale, create jobs, and fuel wealth creation.

GOALS | PRODUCTS | TA PROVIDERS | FAQ

Goals

The Asset Building for Communities of Color (ABC) Program will provide flexible capital to business owners operating in communities of color across Los Angeles County. LISC LA will distribute the capital with the following goals:

To produce asset building, ownership, and generational wealth opportunities for business owners
To support the economic recovery and resiliency of businesses;
To avoid displacement of diverse businesses and residents
To create opportunities for cooperative ownership and alternative wealth-building vehicles.

Products

As part of LISC LA’s commitment to closing the opportunity gap, the ABC Program is investing directly in small businesses across Los Angeles County that operate in communities of color. The following flexible financial products are designed to remove barriers to growth that small businesses face in their early years, while creating incentives for meeting benchmarks that create quality jobs and benefit the local community.

Growth Capital

Growth Capital offers eligible small businesses access to flexible, low-cost financing for purchasing assets such as machinery, equipment, new or updated technology, inventory, and leasehold improvements. Funding amounts vary based on business needs and qualifications. Learn more.

Acquisition Capital

Acquisition Capital provides eligible small businesses and non-profits with funding to support the purchase of commercial and mixed-use property for business needs, including office space and/or retail purposes. This funding is intended to finance up to 20% of the purchase price of a property. Due to the incredible response, the Acquisition Capital product is fully subscribed and no longer accepting applications.

The following products are provided by our partner, Inclusive Action for the City:

The Micro-loan Product

ABC’s Micro-loan product provides low-cost, flexible financing to eligible microbusinesses for the acquisition of key assets, including the purchase of machinery, equipment, or inventory. Learn more.

Cash Grants

Cash Grants are offered to qualifying Micro-loan recipients to facilitate the purchase of equipment, technology, or inventory. This product is by invitation only.

Technical Assistance Providers

TA Providers

Providers

AP Small Business Corporation

Propspoly

LIST Venture

Economic Resource Corporation

Meet the TA providers who are committed to your success!

FAQ

Our FAQ provides information for businesses interested in applying for the ABC program.

Spanish FAQ: Nuestras preguntas frecuentes brindan información para empresas interesadas en aplicar al programa ABC.