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Capitalize Your Business
Now!
Our loan fund is unique. While we look at client’s
credit histories, we also know clients personally
because they have been in our classes and we have
watched them grow their business. Our loan application
process is personal and empowering for all involved.
The loan evaluation factors are: your business
plan, cash flow, credit score/history, assets/liabilities,
income/expenses, references, your overall business
idea and money management skills, your commitment
to making your business a success and to Women’s
Initiative!
We offer low interest loans (10%) from
$500 to $10,000 for first time recipients and up
to $25,000 for prior recipients. Loans up
to $2,000 usually take
2 weeks to process, while larger loans generally
take 6 weeks.
To learn about the Women’s Initiative Loan
Fund, please see our Financial Services video.
Loan Application Steps
(for loans up to $2,000):
1. Complete at least first 4 Simple Steps
classes
2. Complete Application
3. Mail or drop off: 1398 Valencia Street, San
Francisco, CA 94110
4. Questions, please contact William Ovando at
415.641.3486 or wovando@womensinitiative.org
5. Process: an average of 2 weeks
Loan Application Steps
(for loans above $2,000-$25,000):
1. Graduate from Simple Steps
2. Complete Application
3. Submit along with application: updated Business
Plan, 12 month Cash Flow, last 2 years of taxes,
current credit report (if available)
4. Mail or drop off: 1398 Valencia Street, San Francisco,
CA 94110.
5. Questions, please contact Elvira Solanes at 415.614.3463
or esolanes@womensinitiative.org
5. Process: an average of 6 weeks
Here is what we offer:
|
Business Phase |
Concept
& Pre-Start Phase |
Start-up
Phase |
Operating
Phase |
2nd
Operating Capital Loan |
|
Amount |
$500
- $1,000 |
$2,000
-$10,000 |
$2,000
- $10,000 |
$2,000
- $25,000 |
|
Purpose |
Includes: market research,
product test marketing, obtaining licenses,
computer, development of samples, marketing
materials, etc. |
Includes:
purchase equipment, inventory, supplies, licenses,
insurance, or any other necessary expenses. |
For established businesses
that need money for regular operating expenses.
Loans can be used for inventory, supplies,
licenses, equipment, or any other necessary
business expenses. |
For
established businesses that have already borrowed
from WI and have repaid their loan. Loans
can be used for equipment, inventory, supplies,
licenses, insurance, or any other necessary
business. |
Should you wish to
apply for a loan you can download
an application here or CLICK
HERE to apply online.
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