What is a lending circle?

OBDC Small Business Finance is thrilled to partner with Mission Asset Fund to offer lending circles to small business owners in our program areas. When banks are not available, people across the globe lend each other money. LendingCircles.org has taken this to a new level by incorporating credit reporting. Now, in addition to accessing funds, a participant’s credit score can improve through positive credit activity.

Lending Circles Come to OBDC

This week OBDC Small Business Finance was selected as part of Better Bay Area, a program supported by Mission Asset Fund, Google, Silicon Valley Community Foundation, and Y&H Soda Family Foundation to bring the power of lending circles to a larger network of communities across the Bay Area. OBDC is planning to use lending circles to support borrowers in building credit, receiving financial education, and in growing their networks to help their businesses thrive.