New Source Of Capital For Small Business Owners of Color in Contra Costa County

Patrick DugganPCV News, Small Business Loans

small business loans contra costa county

Pacific Community Ventures – a nonprofit small business lender that’s fueled small businesses in San Francisco and Oakland for 20 years – has just announced a new expansion to provide small business owners in Contra Costa County access the funding and business advice they need to grow their businesses, create jobs, and support the local economy. The majority of businesses supported in the coming years will be minority-owned, women-owned, and immigrant-owned enterprises, reflecting the rich diversity of Contra Costa County’s entrepreneurial community that includes underserved small business owners who are often overlooked in as they work to create wealth in the region. Investing in small businesses combats rising income inequality by creating jobs with living wages; and yet, small businesses struggle to access the capital and support they need to grow. Every day, 8,000 small business loan requests are declined by banks across the nation. Here in California, African-American women … Read More

Meet Our Latest Borrower: 360 Total Concept

Patrick DugganSmall Business Clients And Success Stories, Small Business Loans

360 Total Concept

360 Total Concept is a management consulting firm that specializes in project management for public relations, monitoring and contract compliance, logistics, and facilities management. Founded by Shonda Scott in 2006, 360 Total Concept Consulting focuses on three primary services: Logistics – coordinating conferences, facilitating meetings and workshops, and producing webinars Facilities Management – managing subcontractors and monitoring contract compliance Monitoring/Compliance – providing support on projects to ensure contract guidelines and policies are implemented on specification 360 Total Concept Consulting has grown from 1 employee to 10 over the last decade, and Shonda’s surfed that growth wave to open offices in Los Angeles and Washington D.C. (where Shonda sat on the African American Leadership Council under the Obama Administration). Some of her clients you may know include BART, the LA Metro, and Oakland Public Schools. Even though Shonda has a decade of exceptional growth behind her, her bank still declined to help … Read More

Meet Our Latest Borrower: The Good Earth School

Patrick DugganSmall Business Clients And Success Stories, Small Business Loans

The Good Earth School is a preschool in Kensington, California, that offers early childhood education for children 18 months to 6 years old. The Good Earth School is inspired by the Reggio Emilia approach to education, which means a Child-Centered, on-going Emergent curriculum. Emergent curriculum is a way of planning lessons that are based on the children’s interests and passion at a specific point in time. Founded by Gail and Alan Pavlosky, it’s the only preschool that serves the communities of El Cerrito, Kensington, Albany, Richmond and Berkeley with nature-based instruction. Gail has over 25 years of experience in early childhood education, and operated a family daycare center – Galoshes — for ten years before opening The Good Earth School. Her husband Alan has 30 years of entrepreneurial experience in business and nonprofit operations. Even though they had a decade of experience running successful businesses, their bank still declined to … Read More

Meet Our Latest Borrower: Mohinders Shoes

Patrick DugganSmall Business Clients And Success Stories, Small Business Loans

Mohinder Shoes

In 2012, Michael Paratore was traveling through India when he bought a pair of shoes from a street vendor in Mumbai. Once he was back in the Bay Area, he started wearing the shoes every day, and to all types of events. With all of the compliments he received on them, Michael realized the demand for a versatile, comfortable, and unique pair of shoes. He quit his job as a corporate lawyer, booked a trip back to India to find the craftswomen and craftsmen who made the shoes, and started Mohinders Shoes. Mohinders Shoes sells handwoven footwear made by artisans in Athani Village, India. Small batches of shoes are passed between home workshops since artisans specialize in different steps of the process, like cutting the leather, measuring stitches, and hand-weaving. As an environmentally conscious company, Mohinders Shoes has taken the time to find reliable sources of leather. The artisans who … Read More

What’s New In Impact Investing? December Roundup

Patrick DugganImpact Investing, InSight

impact investing eti

Impact investing is about using markets and money for social good. Impact investing is built on the belief that private capital can play a powerful role in solving the massive global challenges of our day, and that capital markets should work for good as well as profit. This vision is realized through investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Every month, PCV will give you a roundup of what’s new in the field, what conversations are taking place, and how you can get involved. Here are some highlights from December: The goal of impact investing, broadly speaking, is to turn markets and capital toward their best selves – facilitating businesses that create value for everyday people and creating social and environmental benefits in addition to returns. We talk a lot about the players and the deals, … Read More

Meet Our Latest Borrower: Ondonte Dental Staffing

Patrick DugganSmall Business Clients And Success Stories, Small Business Loans

Susan Melton is the owner of Ondonte, is a dental staffing company that refers temporary and permanent employment candidates to dental offices around the Bay Area. Ondonte helps create good-paying jobs at dental offices by maintaining a database of qualified dental staff who are looking to fill vacancies. There are between 80 and 120 people in the database at any given time. Ondonte uses internet recruitment sites, its own website, and word of mouth referrals to source qualified staff. The company then conducts in-person interviews and runs a background check on each person to assure the candidate is licensed and qualified. The company has grown substantially with Susan Melton’s leadership over the last five years, with five full-time employees and plans to hire more as it expands. Before they could keep that growth going, they needed additional funding for technology upgrades and onboarding. When the banks turned them down, Ondonte … Read More

An Economy For Everyone: November Quality Jobs Recap

Patrick DugganQuality Jobs

quality jobs news

In order to build wealth and create opportunities in and across America’s underserved communities, and reverse the troubling trends we’re seeing in our economy, we no longer find it defensible to focus on job creation alone. It’s clear that job creation does not itself equate to lasting economic change. And so, we must shift our focus to the creation of higher quality jobs — jobs that are good for workers and their families, good for businesses, and good for communities — enabling us to build an economy that works for everyone. Each month, we bring you the latest roundup of news from the fight for quality jobs for working people. Let’s start off this month with some good news: unemployment is at near all-times lows! That’s great news for an economy that was reeling less than ten years ago. Now we just need to get wages up. Even though most … Read More

Small Business Resources Roundup

Patrick DugganSmall Business Advising And Mentoring, Small Business Resources

Each month, we bring you the latest roundup of resources for small business owners bootstrapping their businesses and creating quality jobs in their communities. Don’t forget to follow us on Twitter at @PCVtweets. Every Monday we post a new collection of new must-read small business resources, articles, and news. Are there any specific areas your business needs advice in? Let us know, and we’ll search for what you need to add to our monthly roundup.

What’s New In Impact Investing? November Roundup

Patrick DugganImpact Investing, InSight

impact investing due diligence

Impact investing is about using markets and money for social good. Impact investing is built on the belief that private capital can play a powerful role in solving the massive global challenges of our day, and that capital markets should work for good as well as profit. This vision is realized through investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Every month, PCV will give you a roundup of what’s new in the field, what conversations are taking place, and how you can get involved. Here are some highlights from November: Many impact investors – be they individual or institutional, public or private, don’t do impact measurement. They don’t like to admit it, but in conversation will tell you they think it’s a waste of time and resources because it burdens investees and distracts from supporting the … Read More