Invest in Neighborhoods: Mayor Launches Loan Program for Small Business

Invest in Neighborhoods: Mayor Launches Loan Program to Support Small BusinessMayor Ed Lee today announced the launch of the StepAheadSF Microloan Pilot Program, a new program that will provide $250,000 in zero percent interest loans to support small businesses in neighborhood commercial corridors citywide.  StepAheadSF, administered by Working Solutions, will provide loans to individual small businesses. The program will begin in Chinatown, which was just named one of the Top 10 Great Neighborhoods for 2013 by the American Planning Association.

"Our City's historic, culturally diverse and economically thriving neighborhoods make San Francisco a world-class destination to live, work and visit and I am honored that the American Planning Association has recognized San Francisco’s Chinatown as one of the nation’s Top 10 Great Neighborhoods," said Mayor Ed Lee. "With StepAheadSF and my Invest in Neighborhoods Initiative, we are ensuring our small businesses have opportunities to succeed, grow and contribute to the vibrancy of their neighborhoods." Read more.

Posted on October 7, 2013 | The comments to this entry are closed.