Let’s Talk Funds

Access to capital is a major barrier for Black Owned Businesses.  In America, the land of opportunity, it’s increasingly clear that opportunities to acquire capital come more readily to some subsets of entrepreneurs than others. Limited access to financing also restricts the ability of Minority Business Enterprises (MBEs) to achieve viability, generate new jobs and, in […]
One Stop Shop for Black Owned Businesses

Access to capital is a major barrier for Black Owned Businesses. 

In America, the land of opportunity, it’s increasingly clear that opportunities to acquire capital come more readily to some subsets of entrepreneurs than others.

Limited access to financing also restricts the ability of Minority Business Enterprises (MBEs) to achieve viability, generate new jobs and, in general, fulfill their potential to contribute to the development of communities in which they operate.

 

Black Businesses typically encounter higher borrowing costs, receive smaller loans and see their loan applications rejected more often.

Black Owned Businesses rely more heavily on financial institutions for loans than all other borrowing sources combined. However, when compared to white-owned firms, they typically encounter higher borrowing costs, receive smaller loans and see their loan applications rejected more often. Black-owned MBEs are the most likely to experience such negative results. Although lower owner net worth, credit ratings, firm age, size and other risk factors account for some of the differences in access to credit, studies consistently show that black-owned firms with identical firm and owner traits (other than race) and credit histories gain less access to bank credit than matched white-owned firms.

We’ve partnered with the Financial Development Corporation (FDC) to bring loans to black community. The entire process will be managed by folks that look EXACTLY like you and who have your best interest at heart.

Types: $500 – $10,000
Eligibility: Small Businesses in Low Wealth Communities
Interest Rate: 5%
No minimum credit score required.

Alameda County

  1. Ashland
  2. Cherryland
  3. Hayward
  4. Oakland
  5. San Lorenzo

San Joaquin County

  1. Lodi
  2. Lathrop
  3. Manteca
  4. Stockton
  5. French Camp
  6. Tracy
  7. Taft

Solano County

  1. Rio Vista
  2. Vallejo

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