(If you’re in Oakland, California, you can apply for the Oakland Restorative Loan Fund here. If you’re located anywhere else in California please use the form below.)
Apply Now
PCV is a mission-driven lender that provides fair and affordable loans up to $250,000 to California small businesses. In order to serve more California small businesses that have been impacted by COVID-19, PCV is participating in the California IBank Disaster Loan program. This means we’re able to proudly offer two loan programs: California IBank Disaster Loans up to $100,000, and PCV’s Flexible Small Business Loan Program with loans up to $250,000.
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 loan application platform, Lenderfit. 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 Lenderfit. 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.
Details of our Disaster Loan Program:
- Loans and microloans can be for 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
- 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 up to $250,000
- 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
- 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