San Francisco African American Chamber of Commerce is launching a small business loan fund for African American owners. The loan includes up to $50,000 with 0% interest for up to six years with an option to renegotiate.
The business applicants must:
- Be a for-profit in good standing
- Have a valid San Francisco Business License
- Have a business bank account (or be prepared to open one)
- Document an annual revenue of less than $2,500,000
- Be located or returning to the City of San Francisco unless recently relocated due to COVID-19 and relocation occurred on/or before February 2020
You can apply and get more information here. Make sure to apply by August 4, 2020.
We're excited to launch the African American Small Business Revolving Loan Fund, which will provide financial support and technical assistance for Black entrepreneurs and Black-owned small businesses impacted by COVID-19. Apply by August 4!
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