Goal to disburse $2.5 million more in funding to approximately 80 small businesses
Goal to disburse $2.5 million more in funding to approximately 80 small businesses
Will help capitalize and launch Fondo Adelante’s nascent Rapid Acquisition Fund to support affordable-housing preservation and production
by Fondo Adelante Small Business Loan Officer Pablo Solares The Paycheck Protection Program (PPP) was much applauded — and even more needed — when passed by the U.S. Congress at the beginning of the COVID-19 crisis. This monumental legislation sought to economically support small ventures which had suddenly lost business due to the public health…
by Director of Fondo Adelante Nathanial Owen When in March Congress passed the Paycheck Protection Program, simply referred to as PPP in the news, the idea was that small-business owners could keep their employees on payroll as their venture was sustained during the unprecedented COVID-19 crisis. Unfortunately, PPP failed to live up to its expectations….
Christopher Gil Associate Director of Marketing and Communications Mission Economic Development Agency (MEDA) (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE (from Office of the Mayor) June 4, 2020 Mayor London Breed Announces Expansion in Financial Relief for Small Business Impacted by COVID-19 Second Phase of Funding includes $6.5 million to support over 300 small…
Christopher Gil Associate Director of Marketing and Communications Mission Economic Development Agency (MEDA) (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE Nov. 14, 2019 MEDA Announces Launch of Largest National Loan Fund for the Growth of Latino-Owned Small Businesses, in Partnership with NALCAB and Wells Fargo $10 million Wells Fargo Foundation grant is designed to…
Co-authored by: Director of Fondo Adelante Nathanial Owen Chief Strategy Officer Lucy Arellano Baglieri (Part 2 of 2) Small Sites. It’s anything but small. Once a $3 million pilot program with MEDA, the San Francisco Small Sites Program is today a $40 million per year housing preservation strategy funded through a combination of City general…
Co-authored by: Director of Fondo Adelante Nathanial Owen Chief Strategy Officer Lucy Arellano Baglieri (Part 1 of 2) How does a longtime community-based organization in a span of five years go from solely providing direct services to becoming an innovative affordable-housing developer? Well, MEDA’s trajectory has been unique, but it is a model now ready…
If you’ve never heard of Palestinian musakhan (braised chicken with sumac and caramelized onions) or Cambodian amok (catfish steamed in a savory coconut-based curry and topped with an egg), then you should take note. Those are the signature dishes at Reem’s and Nyum Bai, respectively, which are a pair of MEDA clients based on the…
Co-authored by: Chief Credit Officer Nelly Rojas-Moreno, LiftFund Chief Credit Officer and Head of Small Business Programs Oswaldo Acosta, Latino Economic Development Center Director of Fondo Adelante, Nathanial Owen, MEDA Lending to Latino entrepreneurs is a strong business model for any CDFI. That is the fundamental message being put forth by a trio of nonprofit…
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