I'm a minority, queer owner of a small business that is doing well. We need funds for the next step of getting a lease, equipment, inventory and employees. I applied for a loan and the application UI system is amazing. But the process was terrible. I had to do this back-and-forth to get help and after two months, they denied my application.
The wording was vague but from my understanding, they denied it because I don't have a long debt history and because I have debt. So I believe they wanted me to have debt but denied me because of debt. But my only debt is our credit card but that has been paid on time.
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- EIN 77-0485877
- info@pcvmail.org
- 415-442-430
- 51 Federal Street Suite 100 San Francisco CA 94107 USA
- www.pacificcommunityventures.org
- PCVtweets
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Nonprofit Overview
Causes: Economic Development, Job Training, Microfinance, Small Business Development
Mission: PCV fosters positive economic change by creating new opportunities for working people in neighborhoods that need them the most. Our programs strengthen local economies, create new quality jobs, and stimulate private and public investment in underserved communities. Our Small Business Advising creates economic opportunity by empowering entrepreneurs. We match small business owners with expert business advisors and mentors who provide tailored, hands-on assistance to grow their businesses. Our Small Business Lending helps communities grow by investing in people who build businesses and generate jobs in their neighborhoods. We provide small business loans and minority business loans for entrepreneurs across the state of California.
Results: In the past five years, we've helped almost 900 small businesses create and support almost 20,000 jobs for working people.
Target demographics: empowers small business owners
Direct beneficiaries per year: create 200 new jobs and support 1,720 existing jobs
Geographic areas served: the San Francisco Bay Area
Programs: Working capital, advice and mentorship, and access to networks that small business owners need to grow their companies.