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Take Note: Small BusinessĀ loans up to $100,000 through the California Rebuilding Fund

3/25/2021

1 Comment

 
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Main Street Launch is a participating lender for the California Rebuilding Fund, which offers low-cost capital for businesses impacted by the COVID-19 pandemic.  As many of our small business clients have been financially impacted by Covid-19, especially those who were in the middle of a venture financing round when 2020 struck, we are passing along information about a loan program from Darius Mahajer, our friend at Main Street Launch.

About the loans:
  • Loans up to $100,000 that can be used for various business purposes
  • Current terms include a fixed 4.25% interest rate and 5-year terms
  • For more information, review the program terms
Businesses may be eligible if they:
  • Are located in our service area: Oakland, San Francisco, or Stockton
  • Employ 50 or fewer FTE employees
  • Have been in operation since June 30, 2019 or earlier
  • Had net positive income and revenues under $2.5 million in 2019
  • Demonstrate at least a 25% reduction in revenues in 2020
  • Have reopened and returned to at least 30% of pre-pandemic revenues
To learn more about the full eligibility requirements, reply to this email or email Darius Mahajer at darius@mainstreetlaunch.org.

This blog does not constitute solicitation or provision of legal advice, and does not establish an attorney-client relationship. This blog should not be used as a substitute for obtaining legal advice from an attorney licensed or authorized to practice in your jurisdiction. You should always consult a suitably qualified attorney regarding any specific legal problem or matter in a timely manner, as statutes of limitations may bar your claim.
1 Comment
Edwin Castro
2/26/2023 08:08:09 am

"As much as I am shocked and ecstatic to have won the Powerball drawing, the real winner is the California public school system". No one would convince me that winning this lottery Powerball or mega millions is not something that changes the way and view of life's prospects. My name is Edwin Castro and I am from California, United States. I won the Powerball Lottery on Nov 7 2022 and I am coming to say a wonderful and big thanks to Dr Anokokudo for helping me with the winning numbers for the Powerball Lottery. I was really overwhelmed the day I contacted Dr Anokokudo to help me win the California Powerball Lottery when he instructed me what to do. The time came to play the lottery and I did and believe me, it was exhilarating. I won the Powerball $2.04 Billion and collected the lump sum of $997.6 Million and the November Powerball drawing raised a record $156.3 million for the California public school system. I am indeed thankful to Dr Anokokudo and others who helped me with his contact. Anyone who reads my comments should also try to contact Dr Anokokudo at ANOKOKUDOTEMPLE@GMAIL.COM

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