Areas Served: Alameda, Contra Costa, San Francisco, and Solano Counties
For more than three decades, OBDC Finance has helped San Francisco Bay Area businesses start and expand by providing term loans, pre-loan advising, and access to a network of trusted entrepreneurial resources.
OBDC Finance focuses on supporting the establishment and growth of small businesses that create jobs and spur economic activity in low-to-moderate income communities in Alameda, Contra Costa, San Francisco, and Solano counties.
Loan Amounts
- $5,000 to $35,000: All businesses, including startups
- $35,001 to $50,000: Businesses with 1+ years sales history
Interest Rates – 7.5% to 10%
Loan Terms – up to 6 years
Acceptable Loan Uses:
- Business Acquisition
- Furniture, Fixtures, Machinery, Equipment
- Supplies, Materials, Inventory
- Working Capital (permanent & non-permanent)
Basic Eligibility: In order to receive a loan from OBDC Finance, a business must
- Be a for-profit business (nonprofits and governmental entities are ineligible)
- For loans in excess of $35,000, have at least 12 months operating history.
Additionally, the business owner(s) applying for the loan must
- Possess management and/or direct industry experience
- Be able to demonstrate repayment ability
- Have reasonable credit history (STRONG credit history for loans in excess of $35,000)
- Be a United States Citizen or Documented Resident
- Provide a personal guarantee and offer collateral when available (loans over $35,000 will be required to pledge business assets as collateral)
Contact Information
OBDC Small Business Finance
Address: 825 Washington Street
City: Oakland
State: California
Website:
https://community-wealth.org/content/obdc-small-business-finance
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