Small business revolving loan fund
Summary
The city is turning cannabis retailers' 1% community benefit payments into a small business loan fund run by Working Solutions CDFI. Borrowers pay 7% (subsidized from 11%), with average loans around $25,000 for businesses that can't qualify at banks. The mayor worried the rate is still too high for struggling mom-and-pops.
At a glance
- Total mentions
- 1
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Nov 2, 2026.
Impact analysis
Funded by the cannabis community benefit contributions — roughly half of the 1% of retail gross sales — with no general fund money.
Local San Pablo small businesses, startups, nonprofits, street vendors, and cooperatives that can't get traditional bank financing.
Mentions & discussions (1)
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