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.
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.
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:
Cyber Fraud and Small Business
It has always been important for small businesses to safeguard private information; today even more so because so much of business operations and sales are done online. Small businesses in particular are vulnerable to hacking. Hundreds of millions of dollars every year are stolen by cyber thieves, and, as an NPR article reports, small businesses may have no recourse to recover losses.
Anasa Yoga Celebrates Veterans Gratitude Week
We’re thrilled to share that our client Anasa Yoga is offering donation-based classes in honor of Veterans Gratitude Week. All proceeds from these classes will benefit the Veterans Yoga Project. If you are looking for a workout that does your body and our community good, please visit Anasa Yoga for the following classes:
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.