Pacific Community Ventures is a 501(c)(3) nonprofit community development financial institution that envisions a world of thriving communities where everyone has a fair shake. Our mission is to invest in small businesses, create good jobs for working people, and make markets work for social good.
Eligibility requirements: If you’re a California company that’s been in business for at least 12 months then we’d love to work with you! We also specialize in working with small business owners who’ve had a hard time accessing capital, like female entrepreneurs, immigrant entrepreneurs, entrepreneurs of color, and borrowers that may have been turned down for SBA or traditional bank loans. Our typical clients are small businesses with at least 1 part-time or full-time employee who would like to grow. Businesses must be located in California and have been in operation at least 12 months (sorry, we don’t work with startups at this time). For our standard small business loans, there are no minimum credit scores for consideration. Please note, for Disaster Loans specifically the California IBank requires a minimum credit score of 550. Your business should be profitable and/or generating revenue at the time you apply. It’s ideal if your businesses can show at least 6 months of ongoing profitability, but it’s not required.
Please note, at this time we cannot work with businesses in the rideshare industry (ex. Uber, Lyft, GrubHub, Doordash) or the marijuana industry.
Details of our Disaster Loan Program:
Loans and microloans up to $100,000
Loans can range from 1 – 5 years
Interest rates from 6%
No penalties for early repayment of loans
No hidden fees: One-time 1% – 5% loan fee at closing
Free access to our pool of 2,000+ expert business advisers
Details of our Standard Loan Program:
Loans up to $250,000
Loans can range from 1 – 5 years
Interest rates range from 7% – 13% fixed per year (depending on the loan amount and other factors)
No penalties for early repayment of loans
No hidden fees: One-time 1% – 5% loan fee at closing
Free access to our pool of 2,000+ expert business advisers