Nonprofit Builder & Business Builder Loans - OneCalifornia ...

New Loan Program to grow Nonprofit Organizations and Small Businesses

One PacificCoast Bank is now offering loans for nonprofits and businesses to help grow small enterprises. Business and Nonprofit Builder loans are from $5,000 to $25,000 and can be used to refinance business debt, purchase equipment, finance inventory and accounts receivable, tenant improvements, or other working capital needs. Loans cannot be used to repay personal debt.

Existing nonprofits or businesses with over three years of operations and profitability in the past year can apply. Loan terms range from two to four years and payments are made in monthly principal & interest installments. Collateral is required and there is a $100 application fee. For more information, please contact Cara Wick at 510.550.8431 or email cwick@opcb.com.

We are excited to be one of the few banks that provide loans to nonprofit organizations in the Bay Area!

Tags: bank, Banking, banks, finance, independent business, Oakland, OneCalifornia Bank, small business, small business loans, Socially Responsible, sustainable

This entry was posted on Friday, August 26th, 2011 at 4:20 pm and is filed under Banking, Front Page, Investing, Small Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Source: http://onecalfoundation.org/blog/?p=1894

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