The Valley Economic Development Center (VEDC), a non-profit business development corporation, has relocated its Capital Access Center to downtown Los Angeles. The VEDC will host an open house Wednesday, February 22 with speakers Councilwoman Jan Perry, and Capital Access Center client Jackie Pratt. The Capital Access Center loaned Pratt $150,000 to assist her in opening 626 Reserve, a wine and cheese bar downtown. The Capital Access Center packaged over $13 million dollars in approved loans for business owners last year and offers free loan packaging for loan products including the Small Business Administration’s (SBA) 504 and 7(a) loan programs. The Center also offers bi-weekly capital classes to educate business owners on available loans.