Pacific Community Ventures

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In order to serve more small businesses across California that have been impacted by COVID-19 and the resulting economic fallout, PCV is currently participating in the California IBank Disaster Loan program.

Our Disaster Loan program through California’s IBank offers a competitive rate for economic disaster loans at $50,000 and below. All applications will be considered for the loan program that best fits their business needs, both the Disaster Loan program and our standard loan program, once they begin to work with the underwriting team. The following application is designed to streamline the process for applicants to move forward as efficiently as possible.

If you’re a California small business that’s been in operation for at least 12 months, and you have at least 1 part- or full-time employee (not counting owners), then PCV can work with you on a loan that fits your needs. Take 5 minutes to tell us about yourself and your business and our team will contact you within 48 hours to discuss your loan application.

To process your small business loan application, you’ll be asked to upload a credit report authorization form, your three most recent business bank statements, and your 2019 tax return or a basic profit and loss (P&L statement). If you don’t have one of these and need some help, here’s a step-by-guide to put one together.

Details of our Disaster Loan Program:

  • Loans and microloans can be for $50,000 and below
  • Loans can range from 1 – 5 years
  • Interest rates range from 4.25% – 13% fixed per year (depending on the loan amount and other factors)
  • No penalties for early repayment of loans
  • All loans are fully amortized
  • No hidden fees: One-time 1% – 5% loan fee at closing
  • Minimum credit score of 550 required for consideration
  • Free access to our pool of 2,000+ expert business advisers

Details of our Standard Loan Program:

  • Loans and microloans can range from $10,000– $200,000
  • 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
  • All loans are fully amortized
  • No hidden fees: One-time 1% – 5% loan fee at closing
  • No minimum credit score required for consideration
  • Free access to our pool of 2,000+ expert business advisers

If you need access to capital immediately, you can find other community investors using The CDFI Locator from Opportunity Finance Network.