Pacific Community Ventures (PCV) is a San Francisco based non-profit whose mission is to help small businesses grow and prosper, creating jobs in low income communities throughout the Bay Area and Southern California.
PCV’s Business Advising program connects entrepreneurs with valuable resources needed to successfully grow their businesses. Volunteer advisors are highly skilled business executives and professionals who provide free consulting services on a wide range of disciplines: accounting, banking, finance, human resources, legal, marketing, operations, product development/innovation, purchasing, sales, strategic planning, supply chain management and more.
Details of PCV’s new small businesses loan program follow:
PCV’s Small Business Advising Integrated Lending Loan Fund (SAIL Fund) provides debt capital and resources to high growth Bay Area businesses that create jobs and opportunities in lower income communities.
Product Information and Eligibility Criteria
Small Business with the potential to scale
Business must be incorporated in the United States and located in the Bay Area
Minimum two year operating history
Annual revenues between $250,000 and $5 million
Minimum of two employees
Alignment with PCV’s mission to create jobs and economic opportunities in lower income communities
Minimum $50,000 to maximum of $150,000
Acquisition and/or repair of machinery and equipment
New construction, expansion and/or repair
Acquisition of existing business
Loan terms range from 1 to 5 years
No penalties for early repayment of loans
All loans will be fully amortized
Automatic withdrawal (ACH) required for all payments
7% fixed per year
1% loan fee at time of closing
Direct out-of-pocket expenses, such as filing and documentation fees
Collateral required (may include security, pledge and/or guaranty)