Areas Served: Oakland California districts including; North Oakland,Eastlake/San Antonio/Chinatown, Western Oakland, Central Oakland, Fruitvale/San Antonio, Central East Oakland and Elmhurst
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.
This loan is specific to certain districts in Oakland California(North Oakland,Eastlake/San Antonio/Chinatown, Western Oakland, Central Oakland, Fruitvale/San Antonio, Central East Oakland and Elmhurst) Loan Amounts – $5,000 to $249,500 – Interest Rates | 5% to 9% – Loan Terms | Variable Acceptable Loan Uses:
- Furniture, Fixtures, Machinery, Equipment
- Supplies, Materials, Inventory
- Tenant Improvements
Working Capital 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).
- Be located within one of Oakland’s seven Community Development Districts.
- Oakland-based businesses not located in one of these areas may apply for the Bay Area Small Business Loan.
- Create and/or retain jobs in low-to-moderate income communities (select loan funds only)
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
- Be a United States Citizen or Documented Resident
- Offer collateral (loans over $35,000) and provide a personal guarantee (all loans)
Contact Information
OBDC Small Business Finance
Address: 825 Washington Street
City: Oakland
State: California
Website:
https://www.obdc.com/
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