El Pajaro CDC’s in-house microlending program addresses the needs of aspiring entrepreneurs and established businesses who struggle to access capital to start and grow their businesses. Historically, our entrepreneurs have had to rely on savings, family loans, or predatory lending to fund their ventures. We are thrilled to offer a safe and affordable loan alternative through our program, which includes technical assistance, training, and credit services.

Loan Program Overview

Our program offers loans ranging from $5,000 to $50,000 to businesses in Monterey, Santa Cruz and San Benito Counties.

General Eligibility Requirements*

Valid Business License
Valid government issued Photo ID
No delinquent tax or child support debts without payment plans
Business bank account

Types of Loans

Loans from $5,000 – $50,000
5.75% interest | Up to 5-year term
Fees: 3% Origination | Approximately $55 Closing Costs

Required Applicant Documents May Include*

Tax Returns
Personal and Business Bank Statements
Business Financial Statements
Business Plan

El Pájaro CDC Reserves the right to change the terms listed above, and therefore these serve as a reference point. Please contact El Pájaro CDC for the most up-to-date loan information and availability.

Loans made or arranged pursuant to a California Finance Lenders Law license, 10 CCR §1550(a).

Contact Information

Phone: (831) 722 – 1224

Email: loans@elpajarocdc.org

Meet the Loan Program Team

23 East Beach Street, Suite #209
Watsonville, CA 95076

Hours of Operation:
Monday – Friday : 9:00 AM to 5:00 PM

Phone: (831) 722-1224
Fax: (831) 722-3128

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Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, conclusions, or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.

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