OBDC Expands Services for Borrowers
We are excited to share some additional services available to our clients, in an effort to continuously improve the ways in which we support you as you work to grow your businesses.
Make Sure the Minimum Wage Increase Doesn’t Hurt Your Bottom Line
Earlier this year, Oakland saw a $3.25 increase in its minimum wage from $9 per hour to $12.25 per hour. While some business owners have been adjusting to this increase, it’s now time to prepare for another increase.
The Racial Wealth Gap
Asset Funders Network and FIELD at the Aspen Institute recently released a study about the racial wealth gap. Because Black and Latino households hold lower levels of business and financial assets, contributing to lower levels of wealth, business ownership can be a vehicle to increase an entrepreneur’s and her family’s overall net worth.
OBDC Receives Three Large Grants to Support our Programs
OBDC is honored to have received grants from Wells Fargo, the Office of Community Services, and the Small Business Administration (SBA) to support our programs:
Doc’s Classic at Off The Grid
Rachel Aoanan, OBDC’s Manager – Loan Processing is our contributing blogger this week. She’s also the mastermind behind @obdcfinance on Instagram!
New Credit Card Chips and Small Business
Next month, the new technology coming into our debit and credit cards (it’s called EMV) is taking place. There are still questions about the technology, regulations, and timeline. We’re here to answer a few.
Happy Veterans Day!
At OBDC, we know that veterans are a critical part of our small business community. Here are some of the things we are celebrating this Veterans Day:
OBDC receives $1.45 million to expand services to diverse-owned businesses
Today, Wells Fargo announced that OBDC Small Business Finance, a nonprofit community development financial institution (CDFI) headquartered in Oakland, received a $700,000 grant allocated over three years and $750,000 of lending capital from Well Fargo’s newly formed Diverse Community Capital Program.
OBDC receives $800,000 to support Oakland small businesses
Today, the Office of Community Services (OCS) announced that OBDC Small Business Finance, a nonprofit community development financial institution (CDFI) headquartered in Oakland received a $800,000 grant from the Community Economic Development (CED) program.
Fall 2015 Newsletter
Dear Friends, OBDC Small Business Finance believes that our unique partnerships are a critical component to connecting our borrowers to the funding, education, and relationships they need to thrive. This year continues to be full of exciting new partnerships and initiatives. We’re thrilled to announce that OBDC was awarded $1.75 million by the CDFI Fund. …