Unlike present micro-lending programs, our alternative model does not include sub prime lending rates and minimizes late fees and penalties. In the United States, most micro-lending programs have sub prime interest rates that are twice prevailing rates and often lead to the failure of the business, and certainly do not help the reputation of the institution. And, at least among Asian American borrowers in San Diego, this has appeared to minimize interest in taking out such loans. The fees are minimized in a large measure by upfront and ongoing technical assistance. Since its launch in September of this year, two loans have been funded, while four are on process.

 Our micro loans start from $500 to $25,000.  So far have given over $65,500 to seven minority-owned businesses since October 2007. Download the forms below to start the process of obtaining a loan.

 Application Submission

Please download the following documents and fax a completed application to (858) 586-7386