Eligibility Requirements

To be eligible to Apply for a Working Solutions Loan:

  1. Business must be located in California (or plan to locate in California, if the business is a start-up).

  2. All applicants* must meet the following criteria:

    • Be at least 18 years of age;

    • Have a Social Security Number (SSN) or Individual Tax Identification Number (ITIN), regardless of citizenship, residency, or documented status;

    • Have no past due accounts, active tax liens, or civil judgements; and

    • Have no bankruptcy (either active or discharged) within the last 12 months.

      *Anyone with 20% or more ownership stake in the business will be asked to submit information to verify eligibility.

  3. At least one business owner (with 20% or more ownership stake) must:

    • Reside in California;

    • Have at least 1 year of demonstrated same-industry experience; and

    • Have a secondary source of income (if the business is a start-up).

Industry Restrictions (click to expand):

    • Nonprofits

    • Cannabis

    • Passive real estate investment

    • Gambling

    • Lending/banking

    • Services of a prurient nature

  • The following restricted industries require additional review:

    • Smoke shops

    • Liquor stores

    • Manufacturing, sales, servicing, or distribution of weapons and firearms

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Loan Terms

AMOUNT

$5,000 to $100,000

TERM

3-year or
5-year

INTEREST

11% fixed rate

No minimum revenue or credit score, & no collateral required

$50 fee due upon application

$5 UCC filing fee due at loan signing

5% closing fee due at loan signing

Interest rate determined during application review

“Working Solutions has repeatedly jumped in to support our growth when traditional banks refused to fund us. In four years, Forest & Flour has grown our revenue from $50K to $750K and created quality jobs in our community because Working Solutions has been there for us since day one.”

– Sway Soturi, Owner, Forest & Flour