Loans

Pacific Community Ventures’ 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:

Borrower

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

Loan Amount

Minimum $50,000 to maximum of $150,000

Purpose

Working capital
Inventory purchase
Acquisition and/or repair of machinery and equipment
New construction, expansion and/or repair
Acquisition of existing business

Terms

Loan terms range from 1-5 years
No penalties for early repayment of loans
All loans will be fully amortized
Automatic withdrawal (ACH) required for all payments

Interest Rate

7% fixed per year

Fees

1% loan fee at time of closing
Direct out-of-pocket expenses, such as filing and documentation fees

Collateral

Collateral required (may include security, pledge and/or guaranty)

Apply Today

If your business meets the criteria above, please fill out our pre-application and we will be in touch with you shortly.