LOS ANGELES -- East-West Federal Bank has agreed to participate in a $25 million loan program for business affected by construction of Los Angeles' Metro Rail system.

The Los Angeles County Metropolitan Transportation Authority said the Construction Enhancement Loan Program is the first of its kind and East-West Federal is the first lender to take applications.

The aim is to assist business near the rail construction "so that eventually they will be able to serve the public along these commercial zones when the system opens," and when profits are expected to be abundant, said Frank White, MTA chief executive officer.

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