TheCalifornia Small Business Loan Guarantee Program provides Financial Development Corporations throughout the state to provide a lender with the necessary security, in the form of a guarantee, for the lender to approve a loan or line of credit the lender might normally disapprove. This enables a small business borrower to qualify for a loan (typically businesses that employ one hundred people or less).
Guidelines & Restrictions
Proceeds must be used primarily in California
Proceeds may be used for any standard business purpose beneficial to the applicant's business including:
Expansion into new facilities
Purchase of new equipment
Guarantees can cover up to 90% of the loan amount, with the guaranteed portion of the loan not exceeding $500,000
Pollution Control Tax-Exempt Bond Financing Program
Operated by the California Pollution Control Financing Authority, the Pollution Control Tax-Exempt Bond Financing Program provides loans to creditworthy small businesses for the acquisition, construction or installation of qualified pollution control, waste disposal and resource recovery facilities in California.