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 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

Meet Our Latest Borrower: Native Juice Co.

Patrick DugganSmall Business Clients And Success Stories, Small Business Loans

native juice company

Native Juice Co. is a juice and smoothie bar that specializes in fresh beverages made from local ingredients. The company also serves healthy snacks such as salads, wraps, avocado toasts, and soba noodle dishes. The owners support the broader local economy and local producers by sourcing all of their ingredients from Bay Area farmers’ markets as well as from a local farm in Petaluma that produces ingredients exclusively for them. Founded in 2013 by Caitlin Meade and Nicole Fish, Native Juice started off as a stand at two of the bay Area’s bigger farmer’s markets (Oakland’s Grand Lake and San Rafael’s Civic Center), and as a popoup on the corner of Montgomery Street and Pine Street San Francisco’s bustling financial district. After two successful years building up their name recognition and a loyal local following at this location, Caitlin and Nicole opened Native Juice’s first brick-and-mortar flagship location. And from … Read More

PCV Reaffirms Our Support For The Small Business Borrower’s Bill of Rights

Patrick DugganPCV News, Small Business Loans

small business borrower bill of rights

We work with small business owners who have a dream, but who don’t have big built-in networks or access to enormous sums of capital. For example, the fastest-growing group of Americans starting new ventures is African-American women. But you’d never know that based on where the money is going.  Sarah Kersten Studio in Berkeley has been manufacturing heirloom-quality ceramics for Bay Area consumers and restaurants for the past four years. Sales have increased steadily, as has their popularity with major San Francisco restaurants like Frances and Octavia. As a growing small business, owner Sarah was having trouble accessing traditional sources of capital to expand her inventory. Her company didn’t meet the guidelines of most mainstream lenders, so Sarah had to look for an alternative lender. Pacific Community Ventures was able to provide Sarah a loan with an affordable rate. Sarah’s story is the story for thousands of California small businesses. … Read More

Thriving Small Businesses Means A Thriving Bay Area

Patrick DugganPCV News, Small Business Advising And Mentoring, Small Business Loans, Small Business Resources

bay area small business cdfi

Picture a few of your favorite small and independent businesses. Maybe you love stopping by Equator Coffee or Boba Guys on the way into work, shopping at Benny Gold or Heath Ceramics, working out at The Dailey Method, or sitting down at Brown Sugar Kitchen and hoping a few Warriors grab the table next to you. Now what if I told you that without a small handful of government programs, many of your favorite places might not exist? The so-called “Skinny Budget” cuts funding for several successful bi-partisan small business programs that helped launch and grow tens of thousands of small businesses across the Bay Area – and hundreds of thousands across America. It cuts $42 million from Small Business Administration programs aimed at new job creation; $32 million from programs that help people of color start companies and hire more employees; and completely eliminates the Community Development Financial Institution … Read More

Four Steps To Secure A Loan For Your Small Business

Adria MossSmall Business Loans, Small Business Resources

how to get small business loan

As a small business grows, it’s almost inevitable that it will need some type of capital injection. Even if you’re doing everything right, there are times when your profit just isn’t enough to reinvest into the business to take advantage of new opportunities. Perhaps the company needs to hire more people, expand to a new location, or fulfill a large purchase order. As exciting as this growth can be, securing an investment can also be overwhelming. We meet and talk with small business owners every day who need capital to grow, but aren’t sure what lenders need or look for. Below are four tips from the small business lender to help you with securing a small business loan. Before starting a conversation with a potential lender, it is important that a small business owner knows how much money the business needs, and what it will be used for. For example, … Read More

Get Ready For Small Business Saturday 2016

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

small business saturday

Now in its seventh year, Small Business Saturday serves as the kickoff to the holiday shopping season for small businesses across the United States. Each year, shoppers spend tens of billions at small businesses on the Saturday after Thanksgiving. Focusing on small businesses and local jobs directly combats income inequality. Small businesses create jobs — 70% of the jobs created since the end of the recession came from small businesses, as opposed to zero net new jobs from giant corporations. But simply creating jobs won’t stem the tide of income inequality. The kinds of jobs being created, and where those jobs drive their wealth, matters just as much. Our friends at Fit Small Business recently looked into why Small Business Saturday is so important for these job-creating community businesses: Over half (52%) of consumers plan to shop the weekend following Thanksgiving. 1 in 4 holiday shoppers (24%) are planning to “shop small” and … Read More

Meet Our Latest Borrower: Maker’s Common

Patrick DugganSmall Business Clients And Success Stories, Small Business Loans

makers common

Maker’s Common is a combined eatery and retail market, located in Downtown Berkeley, from the team that created the popular Mission Cheese restaurant in San Francisco. The restaurant is opening in 2017, and the team’s plan for the space is to have — of course — tons of cheese, plus charcuterie, wine, bread, and beer to go. The restaurant portion will be in line with the offerings at Mission Cheese, but with an expanded in-house charcuterie program, family-style dinners, and more. At the core of their business is the community of Bay Area makers that the team seeks to support as vital to the economic, environmental, and social health of our country for a multitude of reasons. By sourcing almost exclusively from this community of small responsible producers, Maker’s Common advances healthier eating, more responsible land management, more economically resilient communities, more connected communities, and diversity in opportunities for working … Read More