Nathanial Owen Archives -

Fondo Adelante Receives $300,000 CDFI Financial Assistance Award

Christopher Gil Associate Director of Marketing and Communications Mission Economic Development Agency (MEDA) (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE September 19, 2018 Fondo Adelante Receives $300,000 CDFI Financial Assistance Award Will strengthen sustainability of MEDA’s San Francisco Bay Area community loan arm San Francisco — The nonprofit Mission Economic Development Agency (MEDA) has announced…

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Fondo Adelante Name Change Reflects MEDA’s Ongoing Commitment to Serving the Mission District, and the Bay Area’s Latino Community

What’s in a name? A lot actually. MEDA is excited to announce that it has legally changed the name of its community loan fund to Fondo Adelante. Explains CEO Luis Granados, “We wanted to better reflect the Latino community in our loan fund’s name. ‘Adelante’ literally means ‘move ahead’ in Spanish, and the addition of…

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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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OEWD Issues Emergency Grants to Seven Businesses Impacted by Fire in Chinatown, MEDA to Disburse Funds

Christopher Gil Senior Content Marketing Manager Mission Economic Development Agency (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE March 16, 2017 OEWD Issues Emergency Grants to Seven Businesses Impacted by Fire in Chinatown, MEDA to Disburse Funds MEDA oversees fund created after Mission and 22nd streets fire of January 2015 San Francisco, Calif. — The Office of Economic…

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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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How to Help Those Affected by the Mission and 29th Streets Fire in San Francisco

MEDA is providing services and addressing the needs of those affected by the June 18, 2016 fire at Mission and 29th streets. Here is how the community can get involved. TENANT NEEDS There were 58 tenants displaced by the fire at Mission and 29th streets. The main thing that most people can provide to support these…

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Fundraiser for Two Mission Student College Scholarships

What: Mission Promise Neighborhood Scholarship Fundraiser When: Friday, April 15, 6pm to 9pm Where: Cease & Desist, 2331 Mission Street (near 19th) How: All tips and donations from 6 p.m. to 9 p.m will go toward the scholarships Why: Two college scholarships for John O’Connell High School students! One of the goals of the Mission Promise Neighborhood, for…

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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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MEDA’s Adelante Fund Provides First Loan to Small-Business Community

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…

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MEDA’s New Adelante Fund Starts Offering Small-Business Loans to Low-Income Community

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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