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PCV is a mission-driven lender that provides fair and affordable loans up to $250,000 to California small businesses. All applicants will be considered for the loan program that best fits their business needs once they begin to work with our underwriting team. The following application is designed to streamline the process for applicants to move forward as efficiently as possible.
Take 5 minutes to tell us about yourself and your business. If you meet our initial eligibility criteria, you’ll receive an email with a link to our Lenderfit loan application platform. Please click the link in that email and make an account. Please make sure you check your junk folder if you don’t receive it. Note that your pre-application is NOT COMPLETE until you make an account on our Lenderfit platform. Once you’re logged in, you’ll see a checklist outlining the underwriting process as well as the items we will need you to submit along the way. You can send any questions you have directly through the message feature on the Lenderfit portal.
To process your small business loan application, you’ll be asked to upload your three most recent business bank statements and your 2019 & 2020 tax return or a basic profit and loss (P&L) statement, and to complete a credit report authorization form. If you don’t have a P&L and need some help, here’s a step-by-guide to put one together.
We know that PCV’s small business loan program is a critical resource for business owners across California who are turned down by banks and the SBA, and we’re working as quickly as we can. Thank you for your understanding.
About Our Loan Programs
We don’t require a minimum credit score to apply, and 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.
Details of our Disaster Loan Program:
- Loans and microloans up to $100,000
- Loans can range from 1 – 5 years
- Interest rates from 4.25%
- 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
Details of our Oakland Restorative Loan Fund
- Loans and microloans from $10,000 to $100,000
- Loans can range from 1 – 5 years
- 0% interest rate
- No fees of any kind
- No penalties for early repayment of loans
- Free access to our pool of 2,000+ expert business advisers
- BIPOC or AAPI-owned business located in the Fruitvale area, West & East Oakland, the Temescal Business Improvement District, or Chinatown