Areas Served: El Dorado, Lassen, Modoc, Nevada, Placer, Plumas, Sierra, Alameda, Contra Costa, Marin, Merced, Sacramento, San Francisco, San Joanquin,San Mateo, Santa Clara, Stanislaus
SEACC is a designated intermediary lender for the US Small Business Administration’s 7(m) Microloan program.
This program provides commercial loans of $1,000 to $50,000, to small businesses that have been unable to secure conventional bank loans.
In addition to making loans, under this program SEACC also provides technical assistance to borrowers and companies in its loan portfolio.
Technical assistance to Microloan borrowers may range from assistance in preparing a loan application to advice on how to prepare financial projections and business plans.
After a loan has been made SEACC staff monitors the status of the business and works with borrowers on ongoing issues for the duration of the loan.
Microloan program details: – Loans of $1,000 to $50,000 – 4 year term, fully amortized – Interest rates are competitive.
– Loans can be used for working capital, leasehold improvement, equipment purchase, start-up expenses, and other business purposes.
– Business staff can provide services in Cantonese, Mandarin, Vietnamese, and Tagalog as well as in English
Contact InformationSoutheast Asian Community Center
Address: 875 O’Farrell Street
City: San Francisco
State: California
Website:
http://www.seaccusa.org/microloan-program
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