GRANT · HOW TO WIN THIS
Loan amount varies; terms not publicly specified.
Rolling — no set deadline, apply anytime.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
Specific approval rates are not published, but as a CDFI lender, PACE is designed to serve borrowers who may not qualify through traditional banks.
Applications are rolling, so there is no competitive deadline cycle. CDFI lenders like PACE typically offer more flexible underwriting than conventional lenders, which can improve odds for early-stage or credit-challenged businesses.
WHAT IT TAKES
Review PACE's business lending page and contact them directly at (213) 353-3982 — 1–2 hours
Prepare basic business documents (business plan, financials, loan purpose) — 1–2 weeks
Submit application and engage with PACE's technical assistance team if offered — Ongoing until decision
WORTH KNOWING
PACE also offers training and technical assistance alongside lending, so engaging with their business programs before applying may strengthen your relationship with the lender.
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