MAIN STREET LAUNCH AWARDED $2 MILLION BY WELLS FARGO TO SUPPORT AFRICAN AMERICAN ENTREPRENEURS This grant will enable Main Street Launch to address the racial wealth gap through launching an African American Entrepreneurship Institute. May 6, 2019, Oakland: Wells Fargo announced a $2 million dollar grant in support of Main Street Launch, a Community Development…
This article was written by Steve Nicastro & Teddy Nykiel and was originally posted on Nerdwallet on August 25, 2017. It is reshared here with permission. Getting a business loan is a major hurdle facing small businesses, mainly due to tight lending standards by banks. But obtaining outside financing is often necessary to start…
Community Development Financial Institutions (CDFIs) may have the flexibility to create new loan products to better serve their communities. Concessionary loan capital is one such type of new loan product. Concessionary loans are loans that offer more generous terms than market rate loans. These terms may be lower interest rates, a longer pay-back period,…
San Francisco’s Mayor Lee created an interagency partnership to strengthen and revitalize neighborhood commercial districts around the City, called Invest In Neighborhoods. Main Street Launch is partnering with the City of San Francisco to serve these 25 neighborhoods with cheaper small business loan capital and business development services. To learn more about the 25…
As Women’s History Month begins, we are reflecting on the economic impact of women entrepreneurs.
The East Bay Express and the Sustainable Business Alliance have collaborated again to produce the second annual Good Local Money for Your Good Local Business, a guide to finding the right capital to support your business to launch and grow.
OBDC Small Business Finance is thrilled to host the Alameda County Small Business Development Center. Our partnership and dedication to increasing access to capital for entrepreneurs is part of what aligns our work. We’re thrilled to share some of Alameda County SBDC’s 2015 impacts:
Many small businesses need additional working capital to manage the short term cash obligations of their business. But what IS working capital?
OBDC is thrilled to be one of the Small Business Administration’s partners. The SBA 7(a) loan product is an important part of our work, because it offers our clients the opportunity to use the loan funds to buy or operate a business, purchase or improve equipment, and refinance business debt, all with a relatively low interest rate.
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.
