PACE Awarded $5 Million Through the Community Economic Resilience Fund
PACE is thrilled to have been awarded $5 million through the Community Economic Resilience Fund (CERF) to launch a new initiative, the PACE Green Loan Fund (PGLF). As a community development financial institution (CDFI), PACE’s Green Loan Fund I will promote the creation and expansion of green businesses in the Los Angeles region with objectives […]
PACE President & CEO Kerry Doi Testifies in Congressional Hearing on SBA Loan Program
On March 29, 2022, the House Small Business Committee’s Subcommittee on Economic Growth, Tax and Capital Access held a hearing to examine the role of community lenders in the Small Business Administration (SBA) programs. We are pleased to report that our President and CEO, Kerry Doi, was invited to testify at the hearing on PACE Business’ […]
PACE Announces Partnership for California Dream Fund
PACE Business Development Center is excited to announce it is partnering with CalOSBA to provide microgrants up to $10,000 to seed entrepreneurship and small businesses in California! This new grant opportunity, The California Dream Fund, is designed to incentivize new business startups, especially in underserved communities, through the distribution of microgrants. The program will offer […]
Wells Fargo Awards PACE $1.75 Million
PACE has received an unprecedented $1.75 million investment from Wells Fargo! Funding will enable us to reconfigure our Business education and training sessions into three comprehensive, integrated learning tracks focused on helping entrepreneurs and small business owners adapt and sustain economic recovery. Sessions will be available both online and in four regional languages – Chinese […]
PACE Finance Corporation is Awarded $1.8 Million from the US Treasury
PACE Finance Corporation (PFC) was one of 863 Community Development Financial Institutions (CDFIs) across the nation to have been awarded funding from the US Treasury to support economic relief in underserved communities affected by COVID-19. The $1.8 million award provides PFC with flexible capital to help local, minority-owned businesses take meaningful steps towards recovering from […]
Success Story: Buna Ethiopian Restaurant & Market
Helena Zerfu immigrated to Los Angeles from Ethiopia in 2004. After many years of working in the restaurant industry, she opened her own restaurant “Buna Ethiopian Market” in 2011. She realized immediately that her customers enjoyed the dishes she prepared using her family recipes. Though she was a master in preparing these wonderful dishes, Helena also realized that […]