LOW-INTEREST LOANS FOR ENTREPRENEURS
BAY AREA SMALL BUSINESSES GROW WITH FONDO ADELANTE LOW-INTEREST LOANS
MEDA’s community loan fund – Fondo Adelante – is a vehicle for MEDA to provide access to capital to small-business owners who cannot get a loan at a traditional bank.
The service area includes the nine Bay Area counties: Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma.
Many small businesses struggle to access the lending capital that is oftentimes necessary to help these ventures grow. In addition, many families in our community face barriers in accessing mainstream financial products, leaving them to turn to high-cost predatory lenders in times of need. MEDA recognizes the need to now combine our direct services with fair-lending options for our clients; therefore, in 2015 we launched Fondo Adelante to provide fair and affordable lending options.