Capital Access Group Donates $20,000 to San Francisco-Based Renaissance Entrepreneurship Center
San Francisco, CA, July 5, 2016 (Newswire.com) - Capital Access Group (www.capitalaccess.com), a commercial real estate lender specializing in U.S. Small Business Administration 504 loans for growing businesses, announced today that it has provided $20,000 in funding to support the Renaissance Entrepreneurship Center, a San Francisco-based, 501(c)(3) nonprofit social impact organization. Renaissance provides business training and support services, access to resources, and networks for business owners. Capital Access Group’s grant will be used to fuel Renaissance’s women programs, access to capital workshops, and Small Business-Big Impact, Renaissance’s annual event.
“The work that Renaissance does in the community is incredibly inspiring,” said Jacklyn Jordan, President and CEO of Capital Access Group. “The organization is having a profound economic impact across the Bay Area by helping low and moderate-income small business owners succeed. We are especially pleased to support Renaissance’s women’s program to help alleviate poverty and improve the quality of life for low-income women and their families.”
"Capital Access has an amazing, 30-year track record of supporting California small businesses. We're thrilled to partner with them, and we're also excited about the opportunity to collaborate with them on access to capital events. We look forward to working with them over the coming year."
Sharon Miller, CEO, Renaissance Entrepreneurship Center
“We are so appreciative of Capital Access Group’s generous grant,” said Sharon Miller, CEO, Renaissance Entrepreneurship Center. “Capital Access has an amazing, 30-year track record of supporting California small businesses. We’re thrilled to partner with them, and we’re also excited about the opportunity to collaborate with them on access to capital events. We look forward to working with them over the coming year.”
In its first 30 years in the Bay Area, Renaissance has helped bring more than 10,000 small businesses to market, and a recent survey by Entrepreneur Tracker, an independent evaluation by the Aspen Institute’s FIELD program, showed that one year after Renaissance clients completed 10 hours of service they experience a 38% increase in household income.
About Capital Access Group: Capital Access Group is a leading statewide Certified Development Company based in San Francisco, authorized by the U.S. Small Business Administration to provide long-term, fixed-rate financing through the SBA 504 loan program, which offers 90% financing to business owners for the purchase, renovation, or construction of commercial real estate for their growing businesses. Founded in 1981, Capital Access Group has helped thousands of entrepreneurs grow their businesses and realize their dreams of owning their own buildings. Currently, the SBA 504 interest rate is 4.23%, fully amortized and fixed for 20 years. For more information, please visit www.capitalaccess.com.
About Renaissance Entrepreneurship Center: The Renaissance Entrepreneurship Center is a nonprofit economic development organization that increases the entrepreneurial capacities of socially and economically diverse women and men through business planning, access to capital and resources, and ongoing assistance services that growing businesses require. Renaissance delivers services through Centers in South of Market and Bayview Hunters Point in San Francisco and in East Palo Alto and Richmond, CA. Renaissance also offers offsite programs in Daily City and Redwood City, CA. Renaissance’s efforts strengthen communities through the creation of sustainable new businesses and new jobs and the promotion of financial self-sufficiency. Learn more at http://www.rencenter.org/
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Source: Capital Access Group
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