Most lenders require updated business financials when an application is submitted, but your income statement, balance sheet, and cash flow statement offer an insight into your business performance that may allow you to more quickly adapt to potential challenges and leverage new opportunities.
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In 2014, long-time client Laurel Book Store moved to downtown Oakland. We’re thrilled that this business found a great location just across from City Hall in Frank Ogawa Plaza.
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NerdWallet (@smallbiznerds on Twitter), recently posted an article describing important differences between community lenders like OBDC and traditional lenders, like commercial banks. This great post features OBDC’s Scott Lewis, and makes important distinctions that small businesses seeking capital should be aware of. Click here to read the full article.
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On June 11, 2015 OBDC released our new organizational report, sharing our impacts in Oakland, San Francisco, and with veteran-owned businesses. To request a physical copy, please email updates@mainstreetlaunch.org.
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On Friday, June 19, 2015, Oakland business owners joined in the hometown celebrations for the Warriors’ parade. It was amazing to see the amount of #dubnation being celebrated by our clients on Twitter and at their businesses.
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