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Small Business Loan Eligibility Criteria

Pacific Community Ventures’ loan program provides debt capital and resources to high-growth California businesses. We’ll provide capital and pro bono expert advice to grow your business to be able to pay living wages, offer benefits, and provide career opportunities to help working people thrive. Our small business loans also put businesses on a path to grow and scale so they can attract additional capital.

If you’re a California company that’s been in business for at least 12 months, and you’ve got at least 2 employees, then we’d love to work with you! We also 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.

Loan Amounts

  • Minimum $10,000 to maximum of $200,000

Our Typical Borrowers

  • Small Businesses with the potential to scale
  • Businesses must be located in California
  • Businesses must have at least 12 months of operation (sorry, we don’t work with startups at this time)
  • We prefer businesses to show at least 6 months of profitability
  • Minimum of two employees
  • Alignment with PCV’s mission to create jobs and economic opportunities in lower-income communities

Some Example Purposes

  • Working capital
  • Inventory purchase
  • Acquisition and/or repair of machinery and equipment
  • New construction, expansion and/or repair
  • Acquisition of existing business

General Terms

  • Loan terms can range from 1-5 years
  • No penalties for early repayment of loans
  • All loans will be fully amortized
  • Automatic withdrawal (ACH) required for all payments

Interest Rates

  • 7% – 13% fixed per year (depending on the loan amount and other credit factors)

Fees

  • 1% – 5% loan fees at time of closing
  • Direct out-of-pocket expenses, such as filing and documentation fees

Collateral and Credit Scores

  • We check the credit for anyone who owns 20% or more of the business, however we do not have a minimum score, and remain flexible
  • We require a personal guaranty for anyone who owns 20% or more of the business
  • We consider all types of collateral including business and personal assets (may include security or pledge)

Apply now >