CA Small Business Programs

The California 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

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.