2011 was transformational year for Pacific Community Ventures. Following the closing years of the recession, we learned many small business owners needed fair loans to support their business goals. Every day, 8,000 small business loan requests are declined by banks across America. In response, we launched one of our new, foundational programs: our “Loans + Advice” fund. Seeded by the Small Business Administration and the CDFI arm of the Treasury Department, our program provides affordable small business loans from $10k — $200k to bridge the “missing middle” between startup loans and financing from banks.
This same year, we made Forbes’ Impact 30 list for the first time, and were named Nonprofit of the Year by the Association For Corporate growth.