Areas Served: Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma County
Working Solutions offers microloans to qualified microentrepreneurs located within the nine San Francisco Bay Area counties.
This program is for entrepreneurs who have limited or no access to a bank loan.
We create an education plan of free and low-cost workshops about entrepreneurial topics for our borrowers to complete after they receive a loan from us as part of our program.
The loans are for business purposes only and cannot be used to repay any existing business debt.
Loan Amounts
- $5,000 to $25,000 (for startup and existing businesses)
- $25,001 to $50,000 (for businesses in existence at least 2 years)
Interest Rates – Interest rates are fixed from 6% to 10%
Term of Loan Up to 5 years, fully amortized Location of Business
Businesses located within these nine San Francisco Bay Area counties: Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma.
Basic Eligibility Requirements: Startup Businesses
- Significant experience in the same exact industry
- Secondary source of income
- A completed business plan
- Owner’s equity injection into the business of at least 20% to 30% 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 of at least 10% to 15% of the requested loan amount
Eligible Loan Uses
- Working Capital
- Inventory Purchase
- Equipment & Machinery
- Leasehold Improvements
Contact Information
TMC Development Working Solutions
Address: 611 Front Street
City: San Francisco
State: California
Website:
https://tmcworkingsolutions.org
Leave a Reply