Adelante Fund Archives -

MEDA’s Adelante Fund Becomes a Certified CDFI

Lend an ear to this exciting news: Adelante Fund, MEDA’s community loan arm, just became a certified Community Development Financial Institution (CDFI). With only about 1,000 CDFI’s across the land, and just 11 others based in San Francisco, this is especially big news. Additionally, MEDA is the only San Francisco CDFI focusing primarily on providing…

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Adelante Fund Marks Milestone of $1 Million in Small-Business Loans

Christopher Gil Senior Content Marketing Manager Mission Economic Development Agency (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE Feb. 27, 2017 Adelante Fund Marks Milestone of $1 Million in Small-Business Loans MEDA providing loans primarily to immigrants denied access to capital by traditional lenders San Francisco, Calif. — The Mission Economic Development Agency (MEDA) has reached a…

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El Gran Taco Loco to Reopen with Help of $70K Adelante Fund Small-Business Loan

“I felt like I had lost everything. When something like this happens, it’s hard to stay positive.” That’s how Mexican immigrant Saul Chavez (photo, center), co-owner of El Gran Taco Loco with his spouse Angelica Quezada, describes his emotions following the destruction of his commercial space in the Mission and 29th streets fire last June…

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Press Release: MEDA Receives $125K U.S. Department of the Treasury CDFI TA Award

Christopher Gil Senior Content Marketing Manager Mission Economic Development Agency (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE Oct. 6, 2016 MEDA Receives $125K U.S. Department of the Treasury CDFI TA Award Puts MEDA’s Adelante Fund on the path to becoming a certified CDFI San Francisco, Calif. — The U.S. Department of the Treasury has announced a…

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Adelante Fund Low-Interest Loan Once Again Drives Forward a Mission Small Business

Back in Antigua, Guatemala, Sofia Lopez had a small business selling items like pocketbooks, belts and wallets on the vibrant main square. She had always wanted to run such a venture and was achieving success … until violence compelled her to leave her homeland a decade ago. Now residing in San Francisco’s Bayview, Lopez initially…

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Adelante Fund Small-Business Loan for Mateo’s Taqueria Accounts for Second Location and Jobs for the Community

The owners of 10-month-old, family-owned Mateo’s Taqueria in the Mission aim to have their food bring people together. Judging from today’s lively lunchtime crowd packing the sleek eatery, the savvy business owners are definitely meeting this goal. Around 200 customers a day can be seen savoring Mexican specialties, such as the best-selling fish tacos, at this colorful…

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D’Maize Restaurant Opens in Mission, with Small-Business Development Assistance and a Community Loan from MEDA

With MEDA invited to be part of “San Francisco Small-Business Week 2016” starting May 21, last night was time to celebrate a big win for community-serving enterprises in the Mission. That’s because D’Maize Restaurant – an immigrant-owned establishment – held a ribbon-cutting ceremony for its brick-and-mortar location at 2778 24th Street (between York and Hampshire streets)….

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Qosqo Maky’s Mission to Thrive Aided by Adelante Fund Loan

Juana and Raul Ttito immigrated to the U.S. eight years ago, the doting parents looking to follow their grown daughter … and with the dream of a better life for themselves and their two other children. The industrious couple, who were always artisans, had a successful business for 15 years in the Andean city of…

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MEDA Lends Support as California Reinvestment Coalition and Other Organizations Advocate for State Laws to Stop Payday-Loan Abuses

A look across Mission Street this morning revealed a queue waiting patiently at a payday lender a stone’s throw away from MEDA’s Plaza Adelante. This is unfortunate, as MEDA works to promote financial stability for its over 6,800 clients, with staff knowing that predatory lending is a major issue for low-income communities. This is especially…

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El Buen Comer Gets Adelante Fund Loan to Open Restaurant in Bernal Heights

With its second loan funded this week, the mission of MEDA’s new Adelante Fund to provide vital capital and lending options to small-business owners throughout San Francisco is quickly being put into action. The genesis of Adelante Fund came out of community need. Explains Nathanial Owen (photo, right), who oversaw Adelante Fund’s implementation at MEDA:…

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