Creating Opportunities For Communities of Color
Longtime San Francisco nonprofit community organizations Working Solutions, ICA Fund Good Jobs, and Pacific Community Ventures are partnering with JPMorgan Chase to launch the Entrepreneurs of Color Fund in San Francisco. This initiative aims to make capital and business consulting more accessible to people of color who are starting or growing businesses in San Francisco. To read more about the commitment of JPMorgan Chase to the Entrepreneurs of Color Fund in San Francisco and other cities, click here.
Access to Capital
Every day, 8,000 small business loan requests are declined by banks across the nation. Here in California, people of color are three-times more likely to start a small business, and they are three-times as likely to be turned down for loans by a bank.
Small businesses combat rising income inequality by creating local jobs with living wages; and yet, small businesses struggle to access the capital and support they need to grow. The Entrepreneurs of Color Fund closes that gap with a range of services designed to support the growth, profitability, and sustainability of companies owned by people of color in San Francisco.
Our loans start at $5,000 for new businesses and go up to $500,000 for growing businesses. Funds can be used for all stages of business development from purchasing inventory to funding business growth and addressing cash flow needs.
Get started by clicking on your small business loan amount or your stage of business below.
($5K – $50K Loan)
Microloans for startups and early-stage businesses. Includes free pre- and post-loan consulting to help you prove your ideas and grow your business.
($50K – $200K Loan)
Loans and working capital to help you grow, thrive and succeed. Includes free one-on-one expert advice on any business challenge or topic.
($200K – $1M Capital)
Hybrid capital investments for companies to scale. Includes ongoing advisory services to promote job creation, quality, and access.
If your business is located in San Francisco and you need assistance to decide which of the above loans is right for you, please contact Laurie O’Hara, Director of Business Development at Working Solutions: (415) 852-8499 or Laurie@workingsolutions.org.
Small Business Advising and Mentoring
Entrepreneurs need more than a check to be successful over the long haul, and the Entrepreneurs of Color Fund pairs the right capital with the right business advice – whether it’s through pre-loan support and application guidance, to post-loan support and technical assistance – to support business growth and long-term sustainability.
Pre- and post-loan financial consulting for early-stage entrepreneurs to help you reach your objectives.
Free, confidential and ongoing one-on-one advice on any topic, like marketing, sales, and finance, from a network of thousands of business experts.
Classes and Workshops
Practical education like the annual Growth Strategies course and hands-on advising in the Good Jobs Accelerator.
About Our Collaborative
This collaborative of nonprofit community development financial institutions (CDFIs) – Working Solutions, Pacific Community Ventures, ICA Fund Good Jobs – are long standing economic and community builders of small business in the San Francisco Bay Area. Now, with support from JPMorgan Chase, we can deepen our services and outreach. Through this partnership, we aim to create a continuum of capital and consulting to support small businesses run by entrepreneurs of color at every stage of their business.