Financial Resources

  1. The California Capital Access Program (CalCAP)’s Loan Loss Reserve Program is providing up to 100% coverage on losses as a result of certain loan defaults. Individual borrowers are limited to amaximum of $2.5 million enrolled over a three-year period. See: https://www.treasurer.ca.gov/cpcfa/calcap/sb/index.asp and. Qualifying small businesses should contact a participating lender to enroll, see: https://www.treasurer.ca.gov/cpcfa/calcap/sb/institutions.pdf.
  2. The California Small Business Disaster Relief Loan Guarantee Program will provide loan guarantees for up to 95% of the amount of a loan for up to 7 years. See: https://ibank.ca.gov/small-business/disaster-relief/ and https://www.ibank.ca.gov/small-business-finance-center/.
    1. To qualify, the entity must be located in California and either a nonprofit or a small business, employing at most 750 people, that has been negatively impacted or experienced disruption by COVID-19 or be an eligible nonprofit.
    2. Applications are done through participating lenders, and the loan interest rates and additional terms or qualifications are negotiated directly with the lender.

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Apply today to the California Rebuilding Fund

А loan program to support California’s small businesses — especially those located in economically disadvantaged and historically under-banked areas of the state. Businesses who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $2.5 million or below in 2019 are eligible to apply.

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