Competitive term loans for startup and existing businesses
OBDC Finance offers commercial loans to San Francisco Bay Area businesses with focus on Oakland-based entities as well as those in Alameda, Contra Costa, San Francisco, and Solano counties. All products are fully-amortized term loans offered at fixed, competitive interest rates. Our loans are designed for both startup (0-1 years sales history) and existing (more than one year of full sales history) businesses.
SBA Microloan
Product Overview:
In partnership with the Small Business Administration (SBA), OBDC Finance offers the SBA Microloan to businesses seeking a limited amount of capital up to $35,000. It is a popular loan product for businesses with less than one year of sales history. Established businesses find the loan equally instrumental for expansion purposes. Entrepreneurs who do not qualify for conventional financing between $5,000 and $35,000 at comparable interest rates from a conventional lender may be eligible to apply.
| Loan Term | | | up to 5 years |
| Loan Range |
| |
$5,000 - $35,000 |
| Interest Rates |
| | 7.5% - 9.5% fixed |
Oakland | Broadway Corridor Loan
Product Overview:
Oakland businesses located within the Broadway Corridor area may be eligible to apply for this specialized loan product. The loan is designed to retain and promote business, increase employment opportunities, and improve the area’s economic and community viability.
| Loan Term | | | up to15 years |
| Loan Limit | | | $249,500 |
| Interest Rates | | | 5% fixed |
Oakland | Coliseum Redevelopment RLF
Product Overview:
The Oakland Coliseum Redevelopment Revolving Loan Fund (RLF) is offered to businesses located in designated sections near the Oakland Coliseum.
| Loan Term | | | up to15 years |
| Loan Limit | | | $249,500 |
| Interest Rates | | | 5% fixed |
Oakland | Enhanced Enterprise Community Loan
Product Overview:
Oakland businesses operating in Enhanced Enterprise Community (EEC) zones may be eligible for this loan. Designated EEC zones are loacated in the following areas: 1] East Oakland; 2] Fruitvale / San Antonio; and 3] West Oakland.
| Loan Term | | | until June 20161 |
| Loan Limit | | | $249,500 |
| Interest Rates | | | 5% fixed |
Oakland | NEDF
Product Overview:
Businesses located in Oakland’s seven community development districts may be eligible to apply for the Oakland Neighborhood Economic Development Fund (NEDF). The purpose of this loan are three-fold: 1] to assist firms in these geographical areas to start or expand their business; 2] promote economic development through job creation; and 3] assist in community development through blight reduction with the end goal of improving the district in which the business operates in.
| Loan Term | | | up to 5 years |
| Loan Limit | | | $70,000 |
| Interest Rates | | | 7% - 9% |
Bay Area Green Loan
Product Overview:
In partnership with Wells Fargo, OBDC Finance offers the Bay Area Green Loan to businesses that demonstrate a positive impact towards the environment. Certification as a green business from a recognized entity is highly preferred.
| Loan Term | | | up to 5 years |
| Loan Range | | | $10,000 - $50,000 |
| Interest Rates | | | 7.5% - 9.5% fixed |
StopWaste.org RLF
Product Overview:
The StopWaste.Org Revolving Loan Fund (RLF) is designed to support the growth of a robust reuse and recycling-based economy by providing financing options for businesses and non-profits engaged in activities that utilize recycled or reused materials.
| Loan Terms | | | up to 7, 10, 20 years1 |
| Loan Range | | | $10,000 - $240,000 |
| Interest Rates | | | 5% - 10% fixed |
