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…
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…
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…
Growing up in San Francisco’s Mission District, MEDA’s Director of Evaluation Carolina Guzman saw a Latino neighborhood built upon waves of immigration from Central America and Mexico. Despite a continuous influx of new residents, there was a constancy to the community’s flavor. This is now in question. “Things are changing too fast, with the Mission’s…
The journey It’s a long journey from growing up with limited opportunities in an impoverished, small town in Mexico to opening your own restaurant in the trendy, foodie-filled Bay Area. That’s the inspiring story of Victor Caicero, an immigrant who came to the United States with a dream that is now a reality for this…
When Nathanial Owen pulled his U-Haul into San Francisco in mid-July, he knew he had left behind 2,000+ miles, humid weather . . . and a history of success. As the Market Manager at Accion Texas’ Memphis office—part of the largest microlending organization in the country—Owen had funded 56 small businesses in the first 18…
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