ūüď£ Join Us In Congratulating our local PRIME Awardees for 2020

San Francisco District Office

u s small business administration

SBA Awards $5.5 Million in PRIME Grants to Help Emerging Micro-Entrepreneurs Gain Access to Capital

The San Francisco District Office Congratulates 2020 PRIME Grants recipients Main Street Launch and California FarmLink

These nonprofit organizations help low-income entrepreneurs gain access to capital to establish and expand their small businesses.

Main Street Launch:  Established in 1979 in Oakland, Main Street Launch is a 501(c)(3) Community Development Financial Institution (CDFI) and SBA Micro and Community Advantage Lender.

Main Street Launch plans to use it's Prime grant to provide 1:1 technical assistance (TA) and workshops on business readiness and access to capital, supplier diversity procurement, succession planning and business recovery and financial sustainability due to COVID-19 for businesses in Stockton, CA. Main Street Launch will also conduct a 6-month Entrepreneur-in-Residence program, and will provide TA remotely and online.

California FarmLink:  Provides small, independent farmers and ranchers with the land and financing they need for a sustainable future. As a CDFI and approved SBA Micro and Community Advantage Lender. 

California Farmlink’s Prime project intends to strengthen a partnership with El Pájaro Community Development Corporation and the Agriculture and Land Based Training Association to enhance opportunities for disadvantaged entrepreneurs to scale new rural businesses. It will help build equity through access to appropriate financing, targeting the participation of 310 disadvantaged rural entrepreneurs across 8 counties in low income areas of the Central Valley and Central Coast of California. Training and technical assistance is also tailored to serve emerging Latino small farmers and low-income and very low-income microentrepreneurs.