This loan guarantee program assists California small businesses facing capital access barriers by encouraging lenders to provide financing. It supports a range of uses including start-up costs, construction, inventory, working capital, business expansion, agriculture, and lines of credit. The program aims to help businesses grow, create and retain jobs, and promote investment in low- to moderate-income communities across California.
Eligible applicants are small businesses in California with 1-750 employees, established as legal entities. The primary borrower must be a business entity; individuals cannot be borrowers but may be guarantors or co-borrowers. Business activities must align with eligible NAICS codes.
