New Loan Closing: Golden State Opportunity
Supporting the financial well-being of Californians
$500,000 participation in $1 million bridge loan
Golden State Opportunity (GSO) is a nonprofit dedicated to ending poverty by providing all Californians with the tools to build financial well-being and thrive. The organization leads comprehensive statewide campaigns to help families access public benefits, receive tailored financial coaching, achieve financial stability, and plan for the future through programs that uplift low-income Californians. They promote financial well-being through partnerships with more than 40 community-based organizations and offer materials in 13 different languages. GSO will use this bridge loan to meet the terms of a new contract through California’s Golden State Stimulus (GSS) program, which was launched during COVID-19 to assist California households that have endured a disproportionate economic burden due to the COVID-19 pandemic. With this financing, GSO will be able to keep providing much-needed financial education and services to California families.
Partners: California Community Foundation