Small Business Loans
Small Business Saturday 2015 Is Fast Approaching
Now in its sixth year, Small Business Saturday serves as the ceremonial kickoff to the holiday shopping season for small businesses across the United States. Each year, shoppers spend tens of billions at small businesses on the Saturday after Thanksgiving. The day was also championed by elected officials in all 50 states and Washington D.C., including President […]
Oct 29, 2015 – PCV News • Small Business Advising And Mentoring • Small Business Loans • Small Business Resources •
PCV Has Signed The Small Business Borrowers’ Bill Of Rights
Like many of our CDFI colleagues, Pacific Community Ventures is alarmed at the rise of predatory small business lending. Small business owners are struggling through many of the problems we saw in the subprime mortgage and payday lending crises. But there’s a critical difference—predatory small business lending is still young enough that we can slow […]
Oct 29, 2015 – PCV News • Small Business Loans •
PCV’s Loan Fund Is Meeting Its Mission
We started our small business loan fund to meet the needs of small businesses that wanted to grow and create new jobs for working people. But for one reason or another, these small businesses were unable to secure capital from a traditional bank, credit union, or the Small Business Administration (SBA). PCV uses the venture […]
Oct 27, 2015 – PCV News • Small Business Clients And Success Stories • Small Business Loans •
Understanding Capital For Your Small Business
Starting a small business is hard enough, but seeking capital can open a whole new set of challenges even for the most seasoned entrepreneur. If you’ve already utilized your own funds and maxed out personal credit cards, you’re not alone. We hear that from a lot of the small business owners we work with. However, […]
Aug 19, 2015 – Small Business Loans • Small Business Resources •
OFN Small Business Finance Forum: Promoting High-Quality Jobs
Last month, several colleagues and I attended the Opportunity Finance Network’s Small Business Finance Forum in Chicago, an event dedicated to strengthening the capacity and networks of Community Development Finance Institutions (CDFIs, like PCV) that invest in small businesses in underserved communities throughout the United States. Over 150 representatives from CDFIs, banks, foundations, research organizations […]
Aug 03, 2015 – Impact Consulting • Small Business Loans •
Your Credit Score May Soon Be Changing
If you think you “know” what affects your credit score as a small business owner — and how your score is calculated — think again. Since 2009, the Fair Isaac Company scoring model, FICO 8, has been the credit-score industry standard when determining many credit scores. But it’s soon being replaced by FICO 9. This […]
Aug 03, 2015 – Small Business Loans • Small Business Resources •
5 Tips To Prepare Your Small Business For Capital
As a small business lender in California, we meet small business owners looking for capital for all sorts of reasons, and in all kinds of amounts and forms. One thing that almost all small business owners that we meet have in common? The need to do a little financial and business strategy housekeeping before they’re […]
Jul 21, 2015 – Small Business Loans • Small Business Resources •
Is It Always Bad If My Credit Score Drops?
Most Americans don’t realize how much their daily life is affected by their credit score. Almost everyone is aware that their credit score is used when they want to finance a major purchase, but it goes far beyond this. Your credit score is a determining factor in most auto, renters, or homeowners insurance rates. Most […]
Jul 21, 2015 – Small Business Loans • Small Business Resources •
In The News: The State of Small Business Finance
There’s been a lot of public discussion about the state of small business funding, what’s available, and how the times, they are ‘a changing. The U.S. economy is growing, and small businesses are a large part of that. They’ve been the engines of job creation for the past few years as we’ve come out of […]
Jul 21, 2015 – PCV News • Small Business Loans •
Meet Our Latest Borrower: Lemon Poppy Kitchen
Lemon Poppy Kitchen is the culinary love child of Katie Kildow, Anca Caliman, and Jack Wilson. Based in the NELA neighborhood in Los Angeles, Lemon Poppy Kitchen introduced the area to plachinta (stuffed Romanian flatbread) using organic jams prepared and served in a converted Mexican bakeshop. With help from family and friends — and lots of elbow […]
Jul 21, 2015 – Small Business Clients And Success Stories • Small Business Loans •
A New Matching Loan Program Open To Our Entrepreneurs
Our partner Kiva Zip is teaming up with LISC to provide more loans and expand financial opportunities to the small businesses in our network! This partnership means that small business borrowers endorsed by PCV will only have to raise half of the total loan amount from the crowd on the Kiva Zip website. LISC will […]
Jul 21, 2015 – Small Business Loans • Small Business Resources •
The Small Business Administration Is Examining Equity-Based Crowdfunding
Many small businesses, including several in PCV’s network, are utilizing crowdfunding as an alternative form of funding. Recently, our company Kuli Kuli ran a successful campaign on Kiva Zip, while another of our companies, Core Foods, is running a Kickstarter. But one method of crowdfunding remains untapped in the United States: equity-based crowdfunding. The U.S. […]