Green Technology Revolving Loan Fund administration
Summary
Riverside would put its $135,000 loan fund under First Community Capital's management, offering small businesses $10,000–$20,000 loans at 6.25%. A caller criticized the roughly $8,000/year admin fee as too high for the fund size.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Aug 20, 2026.
Impact analysis
$135,000 city contribution plus $40,000 in admin payments over five years; the fund is designed to recycle as loans are repaid.
Small Riverside businesses, startups, green-tech entrepreneurs and underserved borrowers who can't get traditional bank loans.
A public commenter questioned whether the ~30% administrative fee ratio makes the program inefficient relative to its size.
Mentions & discussions (3)
Economic Development Committee — August 20, 2026
Riverside would put its $135,000 loan fund under First Community Capital's management, offering small businesses $10,000–$20,000 loans at 6.25%. A caller criticized the roughly $8,000/year admin fee as too high for the fund size.
Economic Development Committee — June 18, 2026
A partnership with First Community Capital to run a green-tech revolving loan fund was pushed to July for more work before any launch.
City Council — May 12, 2026
The city took $76,042 in grant money from ICLEI and the Coalition for Green Capital to plan public-private clean energy projects.
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