Grand Terrace-based AmPac Tri State Certified Development Co. — a certified lender for the U.S. Small Business Administration (SBA) — closed a $3.97 million loan for real-estate acquisition, construction and tenant improvements, and equipment for a leading manufacturer of laboratory supplies in conjunction with Desert Community Bank — a division of East West Bank.
The transaction allowed a woman-owned business to develop a state-of-the-art facility that the owner hopes to add 14 workers to over the next two years.
AmPac is a nonprofit lender committed to providing small businesses with capital resources for growing and expanding. AmPac partners with banks, commercial real-estate brokers, nonprofit business service providers, and other community economic development entities who share the mission of serving entrepreneurs and prospective entrepreneurs.
For more information, call (909) 915-1706, or visit: www.tristatecdc.com