Contact IRC’s Center for Economic Opportunity
- Address
- P.O. Box 152188 San Diego, CA 92195
- Phone
- 888-612-1002
- Website
- irc-ceo.org
- [email protected]
Where they lend
IRC’s Center for Economic Opportunity is an SBA-approved microloan intermediary serving California.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like IRC’s Center for Economic Opportunity, who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
IRC’s Center for Economic Opportunity will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
Other microloan lenders in California
- AmPac Tri-State CDC, Inc.
- California Coastal Rural Development Corporation
- CDC Small Business Finance Corporation
- Fresno Community Development Financial Institution
- Main Street Launch
- National Asian American Coalition
- North Edge Financing
- Opening Doors, Inc.
- Pacific Asian Consortium In Employment
- Southeast Asian Community Center
- Valley Economic Development Center
- Valley Small Business Development Corporation
- Vermont Slauson LDC, Inc.
- Working Solutions CDFI
