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Loans from Community Banks

These are small banks that draw deposits from and contribute back to the community through local loans.

  • Have an explicit commitment to local economic development
  • Can be an excellent source of mid-size loans, generally $100,000 - $3,000,000 but some offer loans as small as $5000
  • Good for business with industry track records, good credit, and a clear path to repayment
  • Often provide interest rates that are lower than community organizations
  • Some are also CDFIs*

The Community Organizations and Institutions listed below were updated in January 2018. Always confirm loan details with the providers. 


Beneficial State Bank
888-326-2265
BeneficialStateBank.com
1438 Webster Street, Suite 100, Oakland [map]

Serves California, Oregon, and Washington

  • Socially & environmentally-responsible
  • Women and minority-owned
  • Affordable & multi-family housing
  • Sustainable food
  • Clean energy, recycling, and repurposing
  • Other local & community-oriented businesses and nonprofits

Loan sizes
Up to $10,000,000 commercial loans; In addition, the bank has a special "Builder" program for business and non-profit loans that are $150,000 and below.

Requirements

  • 3 years of operation
  • 3 years Financial Statements and Tax Returns
  • Bank will file a UCC 1 on all business assets and require a first deed of trust on commercial real estate loans
  • Financial statement must demonstrate established debt service capacity from cash flow
  • Personal guaranty required on all commercial loans (except to non-profits)

Features

  • This source provides finances for nonprofits.

Good Certifications
B Corp Best for the World, CDFI, JUST, GABV, Bay Area Green Business, SBA Preferred Lender, owned by a nonprofit


Community Bank of the Bay (CBB)
510-433-5400
BankCBB.com
180 Grand Avenue, Suite 120, Oakland [map]

Serves the Bay Area

  • Located in, serve, and/or support low to moderate income communities
  • Environmentally sustainable either through their project(s) or ongoing business practices

Loan sizes
$100,000 - $5,000,000 generally

Requirements

  • Able to demonstrate an ability to repay
  • Willing to pledge available assets as collateral

Features

  • This source will lend to or invest in startups with less than one full year of operations.
  • This source provides finances for nonprofits.
  • This source determines creditworthiness with alternative criteria, not just credit scores.
  • This source offers financing support for Spanish speakers.

Good Certifications
CDFI, SBA Preferred Lender, Bay Area Green Business, Oakland Grown member

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New Resource Bank
415-955-8100
NewResourceBank.com
255 California Street, Suite 600, San Francisco [map]

Serves California

  • Organic & natural products
  • Clean energy
  • Green building
  • Sustainably-managed businesses
  • Nonprofit organizations

Loan sizes
Greater than $250,000 generally

Requirements

  • Minimum one year of profitability
  • Positive cash flow
  • Commitment to sustainability

Features

  • This source provides finances for nonprofits.
  • This source determines creditworthiness with alternative criteria, not just credit scores.
  • This source offers financing support for Mandarin and Cantonese speakers.

Good Certifications
B Corp, GABV, SF Green Business