To help fuel the local business economy, Redwood Credit Union and Community Action Partnership Sonoma have announced a strategic partnership that will offer up to $1 million in loans to microbusinesses and startups.
The loans, which will be available to businesses in Sonoma County in California, are the newest addition to the small business and consumer loan programs offered by the $2.2 billion Redwood CU in Santa Rosa, Calif.
The new venture provides significant funding opportunities for graduates of CAP Sonoma's microbusiness development program, which has graduated 30 people since its inception, according to RCU.
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