City of Berkeley: Funding and Support for Small Businesses
Working Solutions is pleased to partner with the City of Berkeley’s Office of Economic Development to administer its Revolving Loan Fund (RLF) and Resiliency Loan Program (RLP).
Through this partnership, new and existing small businesses in Berkeley have the opportunity to access low-interest loans with personalized application support, plus free business consulting for the life of the loan.
See below for more information about these two initiatives, or to get started with one-on-one pre-loan support.
Lily Vizcaino and Alan Gomez, owners of El Tiny Cafe in Berkeley
Funding
Working Solutions offers small business loans of $5,000-$100,000 with the following terms:
Revolving Loan Fund interest rates are determined at time of loan approval for the Federal Prime Rate + 2%.
Eligible business who can demonstrate disruption by the COVID-19 pandemic may qualify for low-interest loans up to 7% (RLP).
Must be located in the city of Berkeley
No minimum credit score
No collateral required
5-year loan terms
$50 application fee
5% closing fee + $5 UCC filing fee
View eligibility requirements here
Complete our loan inquiry form to get started today!
One-On-One Application Support
Our team is available to answer your questions and guide you through the application process:
Send us an email at info@workingsolutions.org
