A Build affiliate defaulted on a matured loan, directly indicating no increase in debt availability.
“The Real Deal reports that a Build affiliate failed to repay a $34.9 million loan when it came due in March; interest and late charges have since increased the balance to about $45.4 million.”
YESBilal Mahmood, San Francisco District 5 Supervisor
Mahmood said the proposed bank could provide loans to small businesses.
“With a public bank, which doesn’t have to operate by pure financial profit motivation, they can get and provide a loan for small businesses, without that risk of credit initially.”
Occurred Aug 30, 2026 · Published Sep 2, 2026 · thevoicesf.org