Application Process
Application Process
These are the steps involved in our microloan application process.
Step I:
- If you are interested in the City of San Francisco Revolving Loan Fund, please review the details about the program. Then contact Tammy Magid at 415-989-8855 or tammy@tmcworkingsolutions.org to discuss your business and determine eligibility. We will respond to your inquiry within 24-48 hours. We suggest you wait to hear if your project is eligible before completing the application.
- If you are a Bay Area business interested in our general microloan program, you will begin by contacting Tammy Magid at 415-655-5473 or tammy@tmcworkingsolutions.org to discuss your business and determine eligibility. We will respond to your inquiry within 24-48 hours. We suggest you wait to hear if your project is eligible before completing the application.
Step II:
- Submit your business plan (startups) or executive summary (existing businesses) for review by Working Solutions
- Submit your Driver's License and a completed Credit Authorization Form for Working Solutions to run your personal credit report
Step III:
- Complete the microloan application forms and submit all requested documentation along with a nonrefundable $50 application fee
Step IV:
- Working Solutions conducts a site visit to your business
- Working Solutions analyzes the package, asks for any additional information needed, asks questions about your project, and determines if the loan application is approved or not
Step V:
- If a loan request is approved, Working Solutions prepares the loan documents and meets with the applicant to fund the loan
- If a loan request is declined, applicant receives a written decline letter
Timing: 1 Month
- From the time we receive a completed loan application with all of the requested information, it generally takes 7 to 15 business days to receive a decision as to whether your loan request was approved or not
- If your loan is approved, it takes an additional 1 to 3 weeks to fund your loan
Prior to Starting the Application Process
We recommend you review:
- Application Process Page
- Application Checklist: Sole Props or LLCs, Corporations, & Partnerships
- Application Forms: Sole Props or LLCs, Corporations, & Partnerships
- And speak to a Working Solutions representative (see below) to determine program eligibility before completing any paperwork.
We will respond to your inquiry within 24-48 hours.
English Speakers: Contact Tammy Magid 415-655-5473 tammy@tmcworkingsolutions.org
Cantonese Speakers: Contact Agnes Cheung 415-655-5471 agnes@tmcworkingsolutions.org
Spanish Speakers: Contact Lorena Roman 415-655-5448 or lorena@tmcworkingsolutions.org
