I love coming to their workshops. It helped a lot and I cannot understand how they can have only 3 stars on Yelp. I've been driving from OC to Sherman Oaks a few times per month to attend the workshops and receive consultations and help from them. I do not need loans for now; however, according to my past experience, I am sure that they will be more than happy to help me with anything. This is a great organization and my friends were also coming with me and admitted that it was very valuable and resourceful. I would definitely recommend. read more

VEDC - It's worth to drive 60 miles for these workshops - Business Consulting Near Me - Los Angeles, California

This organization is a great resource for those who plan to become entrepreneurs like myself. I am working on a business and have attended several of their workshops and will continue to do so. Every time I attend a workshop, I receive a wealth of information! This organization also offers assistance with business plans, funding and consulting sessions. read more

1. Do you have a business idea? 2. Do you want to write a business plan? 3. Do you want to "think on paper?" If you are interested to start your own business, consider going to the VEDC in Van Nuys! Go to the website: You can sign up for FREE business classes. You can also ask for FREE business consulting sessions. You do not want to run into business expenses and a business failure, so plan and think ahead to prevent costly ventures. You should start to "think on paper" and take these classes at the VEDC. read more

I had a great experience, regardless to what anyone states, Elizabeth Luna made sure all my needs were met, thank you soooooo much Elizabeth. Keep doing what you do VDEC! read more

The purpose behind VEDC is great...to help small business owners. Unfortunately most of the employees are neither particularly bright nor helpful. Like going to a bank run by the DMV. read more

To start off, If there was an option to leave no stars I would! My mother and I were a former stellar client as well as poster child of this disgusting establishment and I regret to inform the general public seeking any type of small business loan these people do NOT care. They stand for the exact opposite of what they claim to stand for. We asked for a modification as soon as we noticed a change of pattern in our business back in October 2016. Mind you we have always made our payments on time, never once had we asked for a modification. Everything was in process until the former president resigned shortly after and people started dropping like flies. In February 2017 we made a cash pay off to one of our smaller loans and brought another one current. In March of 2017 we ended up in the awful hands of Paul and Victor to follow up in the hope of getting a modification. We met with them personally at their office, they seemed like they were willing to help and then crickets. We heard nothing for a few months. Finally in July of 2017 after agreeing to a workable modification they withdrew their offer and said we had to pay $7,000 in order to receive that modification. After showing them we could not afford a $7,000 payment they made it seem as though they were going to come back with a different modification plan, but never did. Instead, after 5 years of being an amazing client to them we get slapped with a foreclosure notice via text message. Neither Paul or Victor had the decent human courtesy to let us know. VEDC put my home in foreclosure over a $59,000 balance on a formerly $250,000 loan!!! They refused to help modify our monthly payments . We ended up paying double what our balance was because of a whopping 25% daily interest rate. I have been informed this interest rate has never been charged before. They took total advantage of the situation. They had the audacity to charge a $512 fee to delay my sale date for a form my lender had to fill out because they had no one to write it for them!!! I have cc'd the entire board SEVERAL times and have received NO response from neither Ray Vadalma, Pegi Matsuda, Anne Williams, Nishen Radia, nor Scott Aney. They would rather see a client on the street than actually help them grow their business. They claim... "Our mission is to create jobs and promote economic development" ... if this was the case why didn't they modify my loan? I employ 5 people, they nearly lost my 5 employees their jobs and our family's home. "Our clients are the best part of VEDC. Every one of them inspires us with their incredible work ethic, drive, and belief in themselves" ... Are they really the best part of you VEDC? Why? Because you get to keep your home and their home and put them on the street in return? I do not see the work ethic inspiration in any of this. You have board members who know how to read an email, why didn't any of them ever try reaching out to me for a modification or to see how my business was doing, if I needed any type of support, assistance, exposure, client help, mentoring, technical assistance, industry insight, etc? Or to try to negotiate with me? Why would you want to put a family out on street and my employees out of their job? Everything you do is an out right breach of your own statements. "VEDC (Valley Economic Development Center) is a leading non-profit small business lender that has a 40 year history of changing the way small business lending is done by making it more available and impactful." Does a non profit really screw an excellent client over $59,000, let alone foreclose on a home of an excellent client because as Paul said, we can get way more out of your home than what you owe! Does a non profit also typically charge a daily interest rate of 25% because they feel like it?! I DON'T THINK SO! I am fortunate enough to say we were able to save our home and can now freely expose the dirty job VEDC does towards small businesses. If anyone currently has a loan with them I strongly urge you to GET OUT WHILE YOU CAN, you are only as good as your current business dollars. They are not there for you in good times and bad. They simply do not care. There is nothing non profit or caring about them, everything is motivated by money making. We are preparing to write about their disgusting malpractice to the Business Journal, the media, The California Department of Business Oversight and The State of California. We all work so hard to build our dreams and no one should be allowed to break us down by taking advantage of us! VEDC has exhausted us physically, mentally, emotionally and financially! STAY AWAY! read more

A valuable resource for our community. Am currently taking advantage of various workshops/trainings and networking events. Thank you, VEDC.

I am extremely humble and thankful for VEDC help with my micro business loan. They will change many life's with this loan. All of the employees I worked with from start to finish were magnificent in there customer service and most important they really helped me. I had a challenging situation and they figured out a way to make it happen for me. Once again thank you VEDC and there employees for all of your help!! -Antonio Velazquez Aztec Beverages Inc. read more

VEDC is such a valuable resource for small business owners! I attended their Where's the Money event in Los Angeles and learned so much from their workshops and loan pavilion. Can't wait to partake in their free business training! read more

Just completed a loan with them - I'd advise against using them. Their rates are not very good, they love charging penalty fees and they are very cumbersome. read more

VEDC has help me a lot it's a great resource if you're starting a business,business exposure,businesses support ect... love this place..

The VEDC is a great resource for local small businesses. The lending team is genuinely interested in helping businesses succeed. They work extremely hard to find a package suitable to your needs. I have nothing but positive things to say about the program and the staff. read more

Same as any other lender requiring the same collateral, but with a higher interest rate of close to 10%. Of course, payday loans might charge up to 400%. read more

I would like to tell you about my experience with VEDC. I went to them in September 2015 to put in an application for a loan. This loan was to purchase a motorcycle training school in Camarillo California remain in my school is Learn To Ride VC. that is where I met Carol Martinez. She is basically the end all of the loans. She is and was at that time the most amazing individual and helping me gather all the information needed get all the paperwork processed as quickly and as in a timely manner as possible. I see that because in September I went to her and I purchase Learn To Ride VC and took over on December 1, 2015. Just last month in March I went back to Carol Martinez to acquire about a small business loan to help with working capital. It took less than three weeks for Carol to approve and fund a new small working capital loan. The staff at VEDC is absolutely amazing everybody and anybody will go out of their way to help you. If you need a loan for a small business please go see Carol and everybody else at VEDC. read more

Employees are not so helpful, They charge you 10% interest and act like they were just giving the money for free. Same requirements as other lenders. Too much hassle to lend $5000. It is easier to go to a regular bank. read more