About NAAC CDFI
Since 2005, the NAAC has become a HUD-Approved 501(c)(3) nonprofit housing organization and a certified CDFI providing comprehensive counseling to over 10,000 minority families in diverse communities throughout California and as a CDFI, preparing clients for mortgages and homeownership and linking qualified small business & non-traditional borrowers to loans and financing options to assist underserved communities.
The Challenge
ADDRESSING THE BUSINESS AND ECONOMIC CHALLENGES OF COVID-19 IN LOW TO MODERATE INCOME COMMUNITIES.
Too many to count%.
Unprecedented and frequent changes to access to capital, its requirements, and its sources.
Existing Current Offerings
NAAC Loan Portfolio:
Loan Amount: $1,000 to $50,000
Loan Term: Maximum 24-36 months with refinancing options
Loan Types: Small Business Loan Guarantee Program and Disaster Relief Loan Guarantee Program
The Neighborhood Relief NOW Program
PROGRAM SUMMARY
The Neighborhood Relief Now Program is an innovative loan combination of online technical assistance for small businesses.
OUR IMPACT GOALS
NAAC’s goal is to provide 100 loans rangingfrom $1,000 to $200,000, create jobs and ignite small businesses.
TARGET DEMOGRAPHIC
Our target demographic will be women, and people of color who own and serve with low-tomoderate income communities in California.

DIGITAL ONE ON ONE
Provide guidance online to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan program that is suited for their business.

WEBINAR TRAININGS
Conduct critical workshops to business owners in a way that is scalable and effective to business owners when ideal. The topics will be led by subject matter experts in the areas of Business Planning, Sources of Credit, Financial Presentation, and Business Model Changes.

STRATEGIC REFERALS
Lead borrowers to resources that are provided to reputable agencies such as the SBA, Women Business Centers, Small Business Development Companies, and Veteran Centers.

BUSINESS DEVELOPMENT & NETWORKING
Pursuit of strategic opportunities for a particular business or group that create mutual and effective and profitable relations.
The NAAC Way
FINANCIAL TEAM | We have an experienced team that has weathered through the Great Recession. |
LEGAL | Our leadership Legal teams and partners are abreast of financial regulation & guidelines. |
TECHNOLOGY | We have an experienced team that is trained for the digital experience. |
OUTREACH |
With our 20 touch points throughout California, we are able to maintain a local presence. |
ADVOCACY | Our strategic partnerships includes the National Diversity Coalition. |
CONTACT US






Kaine Nicholas
Managing Deputy Director, NAAC CDFI
knicholas@naac.org
Phone number: (650) 952-0522