PACE Finance Corporation

This is a commercial bank that specializes in SBA loan programs, providing financing solutions to small businesses for growth, equipment, and working capital needs. You can find personalized support and access to various SBA loan options tailored to your business goals.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability. Calling ahead can help streamline your visit.

The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It's best to confirm hours directly with the branch or via their website before visiting.

There are no fees for simply consulting or applying; however, loan processing and closing may involve standard fees such as guarantee fees, which will be disclosed upfront.

This bank primarily serves small business owners and entrepreneurs within its regional area, but eligibility depends on meeting specific loan criteria regardless of residency.

A minimum personal credit score of around 650 is generally preferred, though higher scores can improve approval chances and loan terms.

The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of the application.

Most banks keep weekday business hours and are closed on weekends, and PACE Finance Corporation typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call PACE Finance Corporation to confirm current weekend availability before you go.

PACE Finance Corporation is located in California — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for PACE Finance Corporation, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by PACE Finance Corporation itself, which runs its own lending under its own ownership. If you work at PACE Finance Corporation, you can claim this listing from this page to manage it.

The core details for PACE Finance Corporation — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with PACE Finance Corporation before applying. If you represent PACE Finance Corporation, claim this listing to keep its information up to date.

You can reach PACE Finance Corporation by phone at (213) 353-9400 or online at pacelabdc.org — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with PACE Finance Corporation before relying on them.

Based on its approved SBA loans, PACE Finance Corporation most often finances businesses in restaurants & food service, wholesale & distribution, general retail, construction & contractors, food manufacturing & processing, and medical practices & clinics. This reflects PACE Finance Corporation's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with PACE Finance Corporation which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether PACE Finance Corporation participates in SBA Express depends on its specific SBA lending authority. Contact PACE Finance Corporation and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. PACE Finance Corporation can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. PACE Finance Corporation's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask PACE Finance Corporation directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask PACE Finance Corporation what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask PACE Finance Corporation to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with PACE Finance Corporation to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. PACE Finance Corporation weighs this case by case under its own policy, so be upfront about your history and ask PACE Finance Corporation how it evaluates prior bankruptcies.