Business Funding in Oakland, CA

Oakland is the working port of the Bay Area. The Port of Oakland is one of the busiest container ports on the West Coast and the main export gateway for Northern California farm products, from almonds and wine to beef and fruit. Its terminals, rail yards and the warehouses in West Oakland and along I-880 keep drayage truckers, customs brokers, cold storage operators and freight forwarders busy every day. Oakland is also a headquarters and healthcare city. Kaiser Permanente and Clorox are based here, and UCSF Benioff Children's Hospital, Alta Bates Summit and Highland Hospital anchor healthcare. Oakland International Airport handles passengers and a large air-cargo operation. Downtown, Uptown and Jack London Square have restaurants, bars and music venues, and neighborhoods like Temescal, Rockridge, Fruitvale, Chinatown and Lake Merritt each have their own business districts. The small businesses in between include trucking and logistics companies, food producers and distributors, contractors and remodelers, restaurants and caterers, specialty retailers, auto shops, home-health agencies, medical practices, staffing firms and the many Black-owned, Latino-owned and Asian American-owned shops that give the city its character. Cash flow here is tight. Oakland's minimum wage is higher than California's and rises every January, commercial rents and insurance are high, and many businesses have had to absorb break-ins, the loss of three pro sports teams and slower downtown foot traffic. Truckers wait 30 to 45 days on freight bills, and contractors and vendors wait on large institutions. Y Millennial Funding is a direct funder of merchant cash advances for Oakland businesses doing $50,000 or more a month, approved on deposits rather than credit score, with same-day decisions for eligible applications and funding commonly within 24 to 72 hours. A merchant cash advance is a purchase of future receivables, not a loan. Not all applicants qualify.

Merchant cash advances are not loans. Funding amounts, terms, and timing vary based on business performance and underwriting. Not all applicants qualify.