Areas Served: City and County of San Francisco
The City’s Small Business Revolving Loan Fund application is now available through TMC Working Solutions.
Loan Amounts: $5,000 to $25,000 (Loans $25,001 to $50,000 are available as an exception for established businesses with 2+ years in business; underwriting criteria is more stringent.
) Interest Rates: 4% to 6% Fixed Term of Loan: Up to 5 years, fully amortized Basic Eligibility Requirements: All Businesses ” Have limited or no access to a bank loan ” Business is located in San Francisco ” Create/retain 1 full-time job made available for low/moderate-income individuals Basic Eligibility Requirements: Startup Businesses ” Significant same industry experience ” Secondary source of income ” A completed written business plan ” Owner’s equity injection into the business: at least 20% of the requested loan amount Basic Eligibility Requirements: Existing Businesses ” Executive summary of the operations and management of the business ” Owner’s equity injection into the business: at least 10% of the requested loan amount Eligible Loan Uses ” Working Capital ” Inventory Purchase ” Equipment & Machinery ” Startup Costs ” Leasehold Improvements Ineligible Loan Uses ” Personal expenses ” Debt consolidation/refinance ” Payment of existing business debt
Contact InformationCity and County of San Francisco
Address: 1 South Van Ness, 5th F
City: San Francisco
State: California
Website:
http://sf-moh.org/index.aspx?page=336
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