Possible Tax credit for Loan/Line of Credit as we are in an Enterprise Zone

California EZ Interest Deductions for Lenders:

A bank or individual making a loan to a business whose sole activity takes place in the Zone may deduct direct expenses incurred in making the loan from the interest income. The lender may also take a deduction equivalent to the net interest produced by the loan. As a borrower, this could mean more favorable rates or terms on a business loan

For detailed information concerning these incentives, please review FTB Publication 3805Z on their website at http://www.ftb.ca.gov/forms/index.shtml