Nano Revolving Loan Fund

San Pablo EDC is proud to offer a Nano Revolving Loan Fund (Nano RLF). Nano RLF is designed to stimulate economic growth in Contra Costa County through lending small businesses the capital they need. Funding supports the retention of current employees or contributes to job creation.

Who Should Apply?
The following types of businesses may be eligible for a Nano RLF:
• Businesses that have existed in the Contra Costa Region for at least one-year
• Businesses that will hire, retain, or advance the careers of local residents
• Businesses providing needed services within the Contra Costa County
• Businesses that support or complement the San Pablo EDC’s mission
• Businesses that fall within Small Business Administration’s (SBA) standards of a small business
• Businesses whose gross revenue does not exceed $2,000,000

Conditions & Eligibility
Eligible applicants may request loans from $1,000 to $5,000.

Loan Cost:
• $50 non-refundable upfront application fee
• 5% simple interest for 1-year

Technical Assistance from San Pablo EDC staff and partners is encouraged, so that small businesses make the most of their access to capital planning.

In order to accomplish this goal, eligible loan applicants may be required to participate in an approved business management assistance program. Ineligible businesses include golf courses, country clubs, massage parlors, hot tub facilities, suntan facilities, racetracks, gambling facilities, smoke/tobacco shops, liquor stores, marijuana-industry related stores, pay-day/check-cashing, cash-for-gold and any businesses not allowed by municipal ordinance at the time of loan origination.

San Pablo EDC will respond to applicants within two business days of Nano RLF application submission provided a complete financial packet has been submitted, and the applicant is able to have credit pulled.

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