Low-Interest Microloans for Oakland Small Businesses
Take advantage of this exclusive opportunity for town businesses! For a limited time, we're offering a special low-interest loan program to foster business growth and development in Oakland.
About the loans:
- Amount: Up to $50,000
- Interest Rate: Fixed at 4%
- Terms: Flexible, with up to 5 years to repay
- No Application Fee
- Zero Upfront Costs: Closing fees can be covered by loan proceeds
- Closing Fees: 2% loan fee, state loan guaranty fee, due diligence fees
- Collateral: business assets & personal guaranty
Use the loan to:
- Invest in furniture, fixtures, and equipment
- Purchase inventory to boost your offerings
- Hire employees and cover payroll costs
- Pay rent, utilities, and other operating expenses
- Cover startup costs to launch your venture
- Refinance high-interest business debt for better cash flow and financial stability
Eligibility:
- New or existing businesses located in Oakland
- At least 51% owned by a US citizen or permanent resident
- No minimum credit score requirement - we focus on your potential, not just your credit history
How we work:
Our application process begins with a conversation. Fill out the loan inquiry form on our website and we'll contact you to get started!
Start Your Application
bit.ly/mainstreetloan
MAIN STREET a nonproft providing tending and business development services since 1979.
2101 Webster Street | Suite 1200 | Oakland | CA 94610 | 510.830.3275 | www.mainstreetlaunch.org
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