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

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

Meet Our Latest Borrower: iThinkEvents

Patrick DugganSmall Business Clients And Success Stories, Small Business Loans

iThinkEvents is a comprehensive events management company founded by Gareth Gallagher in 2015. With offices in London, Singapore, and San Francisco, the team at iThinkEvents works to create events that are unimaginable until they happen, and unforgettable once they have. The business has seen tremendous growth since Gareth emigrated to the United States three years ago, securing contracts with Google, Rocketspace, and Coherus. In this time, Gareth has grown to a staff of 20, with plans of hiring on 6 additional employees in the coming year. All of Gareth’s employees are offered unlimited vacation time, and some receive health benefits. Even with all of this success, because Garteth is an immigrant he was having a hard time getting a loan to expand further — so he came to PCV. The business offers a variety of services – Event and travel logistics, finding venues, data management, and audiovisual production – in … Read More

We’ve Won A 2017 CDFI Fund Award

Patrick DugganPCV News, Small Business Loans

CDFI Fund award

Great news! We’re excited to announce that Pacific Community Ventures has been awarded a 2017 CDFI Fund award, to support our programs delivering capital to small businesses across California that create good jobs for working people and build community wealth from the bottom up. In 2016, the small businesses in our lending program grew revenues by 20% on average (vs. 8% for comparable businesses) and saw 73% job growth (vs. 2% for comparable businesses).   We’re a nonprofit lender that provides fair and affordable small business loans from $10,000 to $200,000 to California businesses. Our loans help small business owners like thrive and be successful. In addition to quarterly meetings with a pro bono financial advisor, PCV small business loan borrowers  also get free tailored business advice from our BusinessAdvising.org program’s pool of 500+ experts in any area they need, like marketing, business strategy, or sales.  If you’re a California company … Read More

Meet Our Latest Borrower: Tadu Ethiopian Kitchen

Patrick DugganSmall Business Clients And Success Stories, Small Business Loans

Tadu Ethiopian Kitchen is an Ethiopian restaurant located in downtown San Francisco. The owners, Selamawet (Nani) Tsegaye and Elias Shawel, are immigrants from Ethiopia and opened their first location in the Tenderloin District in 2014. Their dishes range from vegan chickpeas (kik alicha wot) to lamb and injera (firfir – lamb alicha banatu). Prices for dishes are between $9 and $15 and the restaurant is open for lunch and dinner seven days a week. A true embodiment of entrepreneurial spirit, the couple has spent the past two and a half years working feverishly to grow their 10-table restaurant, expanding into catering and bringing on four employees. In this time, they’ve seen their revenues grow dramatically, and have become something of an institution within their local community. After seeing steady profits from Tadu Ethiopian Kitchen, Nani and Elias made the decision to grow their business by opening a second location, House … Read More

We Need Your Small Business’ Voice

Patrick DugganPCV News, Quality Jobs, Small Business Advising And Mentoring, Small Business Loans

quality jobs survey

Here at Pacific Community Ventures, we’ve seen firsthand though our work with small businesses that job creation alone is insufficient to create lasting economic change in underserved communities and for working people. We view the advancement of quality jobs as an important avenue to better support underserved communities and address rising income and wealth inequality across the U.S. As part of our vision to make quality job creation the norm, we must equip small businesses with the practical tools and resources they need to offer higher quality jobs in a way that balances their business’ financial and operational needs with their employees’ interests. We’re committed to empowering small business owners to succeed – and believe a simple, practical quality jobs toolkit will help them to improve job quality for their workers, thereby reducing turnover, improving productivity and revenue, and boosting brand reputation. In order to create a resource that meets … Read More