Overview
CitySeed is partnering with Walden Mutual to offer the Seedlings Loan Readiness Program – a program designed to address longstanding systemic inequities of opportunity in conventional credit offerings. Rather than relying on traditional "shorthands” for character (namely FICO scores and personal credit histories), Walden Mutual relies on the demonstrated commitment of the borrower, as measured by character references (including endorsement from their peers) as well as their commitment to, and participation in, the program. In particular, the program targets underserved emerging food, agriculture, and related businesses who are just starting to build their credit histories.
The program consists of an in-depth 8-month cohort-based (6-8 participants) facilitated program, designed to produce comprehensive cash flow projections and prepare participating businesses for a traditional banking relationship.
Objectives
After graduating from Seedlings, participants are eligible to qualify for a below market rate loan from Walden Mutual - and they'll be better prepared to “speak the language” of financial stakeholders. This program provides broader education – connecting the participants’ entrepreneurial passion to business fiscal literacy and how it relates to operational improvements.
What You Get
A well-developed and thoroughly reviewed cash flow forecast
Pre-launch virtual meetings (1-2): assignments of work and Q&A to prep for kick-off
Kick-off: 3-day camp (October 21st-23rd, 2025), in-person (hosted by CitySeed)
Ongoing: 6 monthly (in-person and/or virtual) meetings
Ongoing: monthly open “office hours” with facilitator and/or Walden Mutual team
Program Eligibility
- You have a food, agriculture, or related business
- Your annual gross revenue is at least $30,000 but not more than $400,000 (recommended)
- Your business is a full-time endeavor, or you have a well-defined path in place to your business becoming one
Application Process
Apply
You'll fill out an application using the link elsewhere on this page, and provide current financials (last year's profit and loss statement, and cash flow statement). Applications are due by September 10th, 2025.
Review
CitySeed and Walden Mutual review each application for fit with the program's objectives.
Interviews
A subset of applicants will be selected for 15-minute virtual interviews.
Decisions
Application decisions will be delivered no later than September 30th, 2025.