Funds are available to support business growth and development for low-to-moderate income entrepreneurs and businesses in low-to-moderate income areas in Oakland. Funding is limited and will be disbursed on a first come first served basis, so start your application today!
About the loans:
- Up to $50,000
- Fixed 0% interest rate
- Up to 5 year terms
- No application fee
- Closing fees are ~2.5% of loan amount
- Business assets & personal guaranty as collateral
Loan uses:
- Buy furniture, fixtures, and equipment
- Purchase inventory
- Working capital to cover operating costs
- Startup expenses
- Refinance high-interest business debt
Eligibility:
- New or existing for-profit business with a valid Oakland business license
- Located in a low to moderate census tract or business owner must be low to moderate income
- At least 51% owned by a US citizen or permanent resident
- No minimum credit score required to qualify
How we work:
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!