The AmPac Team featured in FORTUNE Magazine: Making a Positive Impact on Communities!

By: Sharjeel Sohaib

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Jan 25, 2023

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  • AmPac Business Capital, a CDFI established in Ontario, California, has provided more than 1,000 firms with loans totaling close to $1 billion.Β 
  • The organization has helped over 4,000 enterprises grow or maintain their operations by serving non-traditional clients.
  • AmPac had a successful year in 2022. It was featured in Fortune Magazine for combating poverty through entrepreneurship.

AmPAC: A Certified Lender of the US Small Business Administration (SBA)

AmPAC is a Certified Lender of the US Small Business Administration (SBA), which means that it is authorized by the SBA to provide various types of loans to small businesses. 

These loans are typically made for companies that need help to obtain financing on reasonable terms through normal lending channels.

AmPac also has an ecosystem committed to helping small businesses or entrepreneurs get quality training to scale up their businesses.

AmPAC: A Certified Lender of the US Small Business Administration (SBA)

AmPAC is a Certified Lender of the US Small Business Administration (SBA), which means that it is authorized by the SBA to provide various types of loans to small businesses. 

These loans are typically made for companies that need help to obtain financing on reasonable terms through normal lending channels.

AmPac also has an ecosystem committed to helping small businesses or entrepreneurs get quality training to scale up their businesses.

Read Here: AmPac Business Capital opens The Lowenstein Collaboration Center for Entrepreneurs.

The AmPac team made a significant economic impact on their community by aligning their core values, purpose, cause, and passion. They welcome visitors to their office, invite participation in their events, and encourage sharing their mission with others to expand their reach and impact. Their goal is to improve communities and strengthen families by supporting job creators.

AmPac was mentioned in an article about overcoming poverty via entrepreneurship in FORTUNE magazine.

“The organization’s founder and president, Hilda Kennedy, experienced poverty during her childhood in South Central Los Angeles and worked for 12 years in local government and community lending before starting AmPac. In short, she gets it.”

~ Fortune Magazine

Types of Loans Offered by AmPAC

The organization provides two different types of loans. 

Relief Loans

Relief loans are typically provided to businesses affected by a disaster or other emergency, such as a natural disaster, economic downturn, or public health crisis. These loans are intended to help enterprises to cover expenses and maintain operations during a difficult period.

Small business owners in all U.S. states, Washington, D.C., and territories are qualified to apply for an Economic Injury Disaster Loan advance of up to $10,000 in response to the Coronavirus (COVID-19) pandemic. Working capital loans of up to $2 million are available to small businesses through the SBA’s Economic Injury Disaster Loan program. 

This program will give them the crucial financial support they need to overcome the temporary loss of revenue they are currently suffering. Businesses now suffering from a brief loss of earnings can get financial respite thanks to the loan advance. 

After a successful application, funds will be made accessible within three days; this loan advance does not need to be repaid.

Read Here: AmPac Provides COVID-19 Relief Grants to Microbusinesses of San Bernardino County – Limited Funds Available

Business Goal-Oriented Loans

On the other hand, business goal-oriented loans are provided to businesses for specific purposes, such as expanding operations, purchasing equipment, or improving cash flow. These loans are intended to help businesses achieve their goals and grow their operations.

AmPac assists small businesses in the Inland Empire that want to grow. Companies with a solid plan for reorienting in the face of the pandemic that has been in operation for two years and has financial statements that reflect favorable trends are excellent candidates for the AmPac Community Lending Program.

Wrap Up!

The AmPac team is committed to improving communities and strengthening families by supporting job creators. 

As a Certified Lender of the US Small Business Administration (SBA), AmPAC is authorized to provide various types of loans to small businesses that need help obtaining financing through normal lending channels. 

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