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…
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:…
Signing on the dotted line yesterday afternoon, a local catering business had its small-business loan officially funded … and their bigger entrepreneurial dreams made a reality. All courtesy of a $100,000 loan from MEDA’s innovative Adelante Fund. One story to showcase community need When Alicia Villanueva (photo, center) came to this country from Mexico a decade…
Each month, the Mission Economic Development Agency honors one of its dedicated volunteers—the people who are an integral part of MEDA’s ability to provide free services to low- and moderate-income Bay Area residents. Thanks to all of the selfless MEDA volunteers who choose Plaza Adelante as their second home. Name: Cathy Willis Program: Community Loan Fund Why…
The need MEDA’s new community loan fund — Adelante Fund — is now poised to provide loans to small-business owners who cannot access affordable bank loans. Adelante Fund loans can be used for any business purpose from lease improvements and supplies/inventory to equipment and working capital. Knowing that many small businesses struggle to access the lending capital that…
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