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Revolving
Loan Fund (RLF) Management and Administration
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Valley Small Business Development Corporation has been
providing "direct" loans in addition to "guaranteed
loans" for Seventeen (17) of the Twenty-Five (25) years
that we've been in business. Beginning in 1990 with direct
farm loans, adding SBA Micro Loans in 1993, USDA IRP Loans
in 1995 and so on up to the present day when we now have
and provide direct lending through the many programs detailed
on our website.
As a result of this experience and the capabilities we've
built, as well as the successes we've enjoyed in our direct
lending activities, we are continually contacted by various
municipalities, agencies, and organizations to create, manage,
and administer Revolving Loan Funds (RLFs) in their name
and on their behalf.
We currently provide this infrastructure and experience
to fifteen (15) different cities, and eight (8) ethnic Chambers
of Commerce from Sacramento to San Diego. These services
include underwriting, documenting, funding, and servicing
loans in their names and/or on their behalf.
For additional details please contact our CEO, Mike
Foley.
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CHAMBER/COMMUNITY-BASED
REVOLVING LOAN FUNDS
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City of Fresno HELP (Hometown Entrepreneurial Loan
Program)
Size of Loans - Min. $5,000 - Max. $50,000;
Interest Rate - Variable Rate Loans priced at Prime Rate +2.75%;
term up to 5 years; and loan fees of $300, doc fees, plus
out-of-pocket expenses. Profile of Borrowers - Microenterprises,
start-ups, and existing small businesses. Small business must
be located in the City of Fresno.
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Five Cities Revolving Loan Program
Size of Loans - Min. $5,000 - Max. $25,000;
Interest Rate - Variable Rate Loans priced at Prime Rate +
2.75%; term between 2 - 6 years; and fees of 2% plus out-of
pocket expenses. Profile of Borrowers - Microenterprises,
start-ups, and small businesses. Must be located in the rural
communities of Selma, Reedley, Parlier, Kingsburg, and Fowler.
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I-5 Business Corridor Loan Program
Size of Loans - Min. $5,000 - Max. $25,000;
Interest Rate - Variable Rate Loans priced at Prime Rate +
1%; term between 2 - 5 years; and fees of 2% plus out-of-pocket
expenses. Profile of Borrowers - Microenterprises, start-ups,
and existing small businesses. Must be located in the rural
communities of Kerman, Biola, Coalinga, Huron, and Tranquility.
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City of Selma RLF
Size of Loans - Min. $5,000 - Max. $25,000;
Interest Rate - Variable Rate Loans priced at Prime Rate +2.75%;
term between 2 - 6 years; and fees of 2% plus out-of-pocket
expenses. Profile of Borrowers - Microenterprises, start-ups,
and existing small businesses. Small business must be located
in the city of Selma.
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City of Huron RLF
Size of Loans - Min. $5,000 - Max. $50,000;
Interest Rate - Variable Rate Loans priced at Prime Rate +2.75%;
term between 2 - 6 years; and fees of 2% plus out-of-pocket
expenses. Profile of Borrowers - Microenterprises, start-ups,
and existing small businesses. Small business must be located
in the city of Huron.
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City of Firebaugh RLF
Size of Loans - Min. $5,000 - Max. $25,000;
Interest Rate - Variable Rate Loans priced at Prime Rate +2.75%;
term between 2 - 6 years; and fees of 2% plus out-of-pocket
expenses. Profile of Borrowers - Microenterprises, start-ups,
and existing small businesses. Small business must be located
in the city of Firebaugh.
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City of Orange Cove RLF
Size of Loans - Min. $5,000 - Max. $250,000;
Interest Rate - Variable Rate Prime Rate +1%, term between
2 - 15 years, and fees of 2% plus out-of-pocket expenses;
Profile of Borrowers - Microenterprises, start-ups, and existing
small businesses. Small business must be located in the city
of Orange Cove.
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CHAMBER/COMMUNITY-BASED
REVOLVING LOAN FUNDS
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Fresno Area Hispanic Chamber of Commerce RLF
Size of Loans - Min. $5,000 - Max. $50,000;
Interest Rate - Fixed Rate 9.5%, term between 2 - 4 years,
and fees of 2% plus out-of-pocket expenses; Profile of Borrowers
- Microenterprises, start-ups, and existing small businesses.
May be a member of the chamber of commerce.
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Hispanic Chamber of Commerce of Stanislaus County
RLF
Size of Loans - Min. $5,000 - Max. $50,000;
Interest Rate - Fixed Rate 9.5%, term between 2 - 4 years,
and fees of 2% plus out-of-pocket expenses; Profile of Borrowers
- Microenterprises, start-ups, and existing small businesses.
May be a member of the chamber of commerce.
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Kern County Hispanic Chamber of Commerce RLF
Size of Loans - Min. $5,000 - Max. $25,000;
Interest Rate - Fixed Rate 9.5%, term between 2 - 4 years,
and fees of 2% plus out-of-pocket expenses; Profile of Borrowers
- Microenterprises, start-ups, and existing small businesses.
May be a member of the chamber of commerce.
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African American Coalition for Capital Access RLF
Size of Loans - Min. $5,000 - Max. $35,000;
Interest Rate - Fixed Rate 9.5%, term between 2 - 4 years,
and fees of 2% plus out-of-pocket expenses; Profile of Borrowers
- Microenterprises, start-ups, and existing small businesses.
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Sacramento Asian Pacific Chamber of Commerce RLF
Size of Loans - Min. $5,000 - Max. $50,000;
Interest Rate - Fixed Rate 9.5%, term between 2 - 4 years,
and fees of 2% plus out-of-pocket expenses; Profile of Borrowers
- Microenterprises, start-ups, and existing small businesses.
May be a member of the chamber of commerce.
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Fresno Center for New Americans RLF
Size of Loans - Min. $5,000 - Max. $50,000;
Interest Rate - Fixed Rate 9.5%, term between 2 - 4 years,
and fees of 2% plus out-of-pocket expenses; Profile of Borrowers
- Microenterprises, start-ups, and existing small businesses.
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Sacramento Hispanic Chamber of Commerce RLF
Size of Loans - Min. $5,000 - Max. $50,000;
Interest Rate - Fixed Rate 9.5%, term between 2 - 4 years,
and fees of 2% plus out-of-pocket expenses; Profile of Borrowers
- Microenterprises, start-ups, and existing small businesses. |
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