Mayor Gavin Newsom visited Bubbles and Shampoo, a new Noe Valley salon, today to tout owner Claudia Ricarte's successful use of a $25,000 loan from the city to open her small business.No word on if the City helped Ms Ricarte obtain permits for construction.
...[She is one of the first] participants in the San Francisco Revolving Loan Fund that has $800,000 in federal funds to loan to San Francisco's small business owners who can't get a bank loan and pledge to create a job for a low-income person.
Update: Details on how to obtain a similar loan through TMC Development Working Solutions are available here.
[SFGate: City loans benefit purveyors of beauty products and granola bars]
[NVSF: MadKat Morphs, Neighbors Unhappy]