Cover photo for California Community Vision Loans

California Community Vision Loans

Community Vision Capital & Consulting


About

As a leading mission-driven lender, Community Vision provides creative capital solutions of all sizes to support community-based organizations and small businesses with the resources they need to strengthen, stabilize, and thrive.

Community Vision fills the gap for communities with low financial wealth who have been systemically limited in their access to the vital resources they need to obtain financial freedom. As partners, Community Vision works alongside its clients to foster revitalized, equitable, and vibrant communities.


Eligibility

All applicants must

  • Be located within Northern or Central California.

  • Demonstrate evidence of ability to meet the terms of the proposed loan.

  • Demonstrate deep community roots and focus on amplifying visions for their own communities.


Terms

Term:

  • Up to 10 years

Lines of Credit:

  • 12 months (renewable)

Loan-to-Value:

  • Up to 90%

Interest Rate:

  • Real Estate: 5.75%-6.25%

  • Working Capital: 6.25%-6.75%

  • Possibly lower for very high impact projects.

Loan Fees:

  • 1.5%-2% including application, commitment, and closing.

Collateral:

  • Real estate preferred but will consider other types of collateral. Subordination to conventional lenders considered.

Resources


Similar Programs


Details

Organization

Community Vision Capital & Consulting

Financial Instrument

Loan

Image Credit

Anaya Katlego


Updated April 22, 2022

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