AmPac makes $3.97 million loan to local entrepreneur

   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

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