Business Assistance Date:


Financing

Financial assistance is available for entrepreneurs to start and grow their businesses in San Francisco. The City offers affordable financing to eligible businesses, and partners with community lenders, Working Solutions and Bay Area Small Business Finance, to provide businesses with technical assistance, affordable financing, and support.  

For information about our grant programs please visit the Neighborhoods section of our website.

Small Business Revolving Loan Fund

The City-sponsored Revolving Loan Fund (RLF) is administered by Working Solutions, a nonprofit 501 (c)(3) organization committed to serving new and existing businesses by providing access to capital, including micro loans, and technical assistance. The RLF loans range from $5,000-$25,000 with loans $25,000-$50,000 available for established businesses with 2+ years in business.

  • RLF microloans are up to $50,000,
  • Interest rates on RLF microloans are fixed and do not exceed 6%
  • RLF microloan terms are 5 years, fully amortized
  • RLF microloans can be used for start-up expenses, equipment, tenant improvements, working capital, and marketing
  • RLF microloans may not be used for personal expenses, debt consolidations, debt refinancing, or research/development of new products.

Preliminary parameters for borrower eligibility are as follows:

  • A RLF borrower must operate a business that is located within the boundaries of the City and County of San Francisco, and
  • A RLF borrower must create or retain at least one full-time equivalent job

If you are interested in the City's RLF, please call 415-655-5473 to schedule a 15-20 minute eligibility phone call.

Visit the Working Solutions website.


StepAheadSF- Microloan Pilot Program  

The StepAheadSF microloan program offers loans of up to $7,500 to qualifying small businesses.

The purpose of the StepAheadSF pilot program is to provide zero interest loans to support small businesses, boost local economy, and create jobs. The program is administered by Working Solutions and will provide loans for three year terms at 0% interest rate.

  • $5,000 to $7,500 business loans
  • Start-up and existing businesses
  • Prompt approval and funding
  • 3 year term, 0% interest rate

The StepAheadSF loan program is available for a special promotional period and applications will be accepted between now and January 31, 2013. Borrowers should expect a much quicker turnaround time of 1-2 weeks, and less paperwork. Working Solutions will draw on qualitative information – getting to know the borrower, learning about the business, and understanding the local market – to better assess risk and successfully make loans to a wider group of small businesses.

Working Solutions has language capacity in English, Spanish, and Cantonese, and will provide business technical assistance, mentorship, and resources to all borrowers to support their businesses grow.

Please call 415-655-5473 to schedule a 15-20 minute eligibility phone call.
 

Emerging Business Loan Fund  

The Emerging Business Loan Fund (EBLF) offers loans ranging from $50,000 to $1,000,000 to qualifying commercial projects.  The purpose of the EBLF is to originate commercial loans that support high impact businesses and projects with the potential to increase economic activity in San Francisco as well as create jobs for low to moderate income individuals. Community lender, Bay Area Small Business Finance, manages the EBLF for the City and County of San Francisco.

  • Loan amounts from $50,000 - $1,000,000
  • Interest Rates: Currently from 4.5% to 7.25% percent (Prime + 4%), depending on product, No application fee, low closing costs
  • Up to 10 year loan amortizations, longer with real estate
  • Flexible underwriting criteria, eligible uses include: working capital, equipment, real estate, and tenant improvements
  • A RLF borrower must operate a business that is located within the boundaries of the City and County of San Francisco, and
  • A RLF borrower must create or retain at least one full-time equivalent job

If you are interested in learning more about this program, please contact Darius Mahajer – Director & Sr. Project Manager

One Market, Spear Tower, Suite 3603 San Francisco, CA at 415-293-8134 or darius@basbf.com

Click here for more info


Kiva Zip's Microleanding Program 

The Office of Small Business is a trustee for the Kiva Zip program to identify and recommend small businesses to Kiva Zip for a $5,000 loan with 0% interest.  The Office of Small Business will work with small businesses to develop a profile for the crowdfunding site.  For more information, contact the Small Business Assistance Center at 415-554-6134.

Please contact the Small Business Assistance Center for any questions about loans or other assistance for small businesses in the City and County of San Francisco http://www.sfgov.org/osb or 415-554-6134. The office is located in room #110 on the First Floor of City Hall with the Treasurer and Tax Collector.



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