Oakland Equity Loan Program

The Loan Prerequisites

In order to apply for a City of Oakland Cannabis Equity Loan, Loan Applicants must meet the loan prerequisites.

The Loan Tier Requirements

Select the Tier with the loan amount you need

The Loan Assessment Score

Score at least a 60 out of 100 points on the loan assessment.

5-Step Application Process

In order for Verified Equity Applicants to receive a City of Oakland Equity loan, Loan applicants much complete the following five steps:
1. Online Application

1. Online Application

Applicants must register for an account and complete the loan application on this site.

Paper applications will not be accepted. Applications can be completed online at local public libraries.

2. Application Review

2. Application Review

A loan application will be reviewed by an Elevate Impact Loan Manager to ensure that the applicant has met the Tier requirements and submitted the required documents for that Tier.

If the Loan Application is complete, the Applicant will receive an email saying that the application is complete and has been sent to the Loan Committee for review.

3. Loan Committee Review

3. Loan Committee Review

A completed Loan Application will be submitted to the Elevate Impact Loan Committee for loan review and scoring according to the Equity Loan Assessment.

A Loan Application must receive a minimum score of 60 out of 100 points on the Equity Assessment Score Card found here.

4. Loan Closing

4. Loan Closing

An Elevate Impact Loan Manager will close the loan as follows:

Send an email to the Applicant and to the City of Oakland stating that the loan has been approved. Meet with the Applicant to review and sign the closing documents. Send completed loan documents to City of Oakland for signature and payment processing.

5. Loan Funding

5. Loan Funding

Once funds are available, the City of Oakland contacts the Loan Applicant

The Loan Applicant can then pick up the loan check and a copy of the fully executed Loan Agreement at the Special Activity Permits Office and sign for payment.

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