What you need to know about this loan program:

• Amount: Up to $50,000
• Interest Rate: Fixed at 4%
• Terms: Flexible, with up to 5 years to repay
• No Application Fee
• Zero Upfront Costs: Closing fees can be covered with loan proceeds
• Closing Fees: 2% loan fee, state guaranty fee, due diligence fees
• Collateral: Business assets & personal guaranty
• Equity Injection: 10% of total project cost

 

Use the loan to:

• Invest in furniture, fixtures, and equipment
• Purchase inventory to boost your offerings
• Secure working capital for day-to-day operations
• Cover startup expenses to launch your venture
• Refinance high-interest business debt for better cash flow and financial stability

 

Eligibility requirements:

• New or existing for-profit business with a valid Oakland business license
• At least 51% owned by a US citizen or permanent resident
• No minimum credit score requirement – we look at your credit history, not just the number

 

Don’t miss this opportunity to elevate and achieve your business goals.
Apply now and get the support you need to thrive!

Our application process begins with a conversation. Click the button below to fill out our loan inquiry form, and we’ll contact you to start your application!