We are excited to be partnering with SoMa Strong to expand access to capital in SoMa by offering low-interest (4-6%) loans from $5,000-$50,000 and business services to entrepreneurs working and living in SoMa.
For SoMa business owner Kelly Zubal, Working Solutions’ blend of capital and services came at just the right time. Kelly started her cake-making businesses, Inticing Creations, in 2007, creating fantastical creations for weddings and celebrations. By 2011, she was outgrowing her commercial kitchen space and found a perfect location on Clementina Street in SoMa. But Kelly lacked the funding to build out the space and turn it into her dream cake studio, and her business’ revenue wasn’t strong enough to be eligible for a bank loan.
Instead, Kelly turned to Working Solutions, who provided her with a low-interest $25,000 loan to remodel the space. Kelly has also taken advantage of the resources Working Solutions offers, including quarterly business coaching sessions and referrals to free resources in the community, to grow her skills as a small business owner. Since expanding her production capacity, Kelly has increased her sales and revenue and she has been able to hire a number of contractors and a part-time employee.
Working Solutions is committed to offering holistic solutions for its clients—a unique combination of funding and business services that gives businesses all the tools they need to succeed. Clients receive loans from $5,000-$50,000 with low interest rates that can be used on a variety of projects, including:
- Tenant improvements
- Working capital
Working Solutions borrowers also have access to free business services, including:
- Quarterly business coaching sessions
- One-on-one mentoring with experienced professionals in a variety of fields
- Referrals to resources like pro bono legal advice and bookkeeping assistance
- Promotional opportunities
- Workshops and networking events