Small Business Finance Center (SBFC)

The SBFC helps businesses create and retain jobs, and encourages investment in low- to moderate-income communities. The SBFC has a Jump Start Loan Program, a Small Business Loan Guarantee Program, and a Farm Loan Program.

California Small Business Loan Guarantee Program & Disaster Relief Loan Guarantee Program

 

The  Small Business Finance Center (SBFC) partners with Financial Development Corporations to provide loan guarantees and direct loans for small businesses that experience capital access barriers.

California Disaster Relief Loan Guarantee Program

Jump Start Loan Program $500 – $10,000 microloans for low-wealth entrepreneurs located in a low wealth community or disaster area.

Who Can Apply

Eligible Applicants

Small Businesses located in California with 1-750 employees

Eligible Nonprofits

Guarantee Terms:

Loans up to $20 million

Max guarantee $2.5 million

Guaranteed up to 7 years; term can be longer

Guarantees up to 80% – 95% of loan

Loan interest rates negotiated between lender and borrower

Qualifications based on lender criteria

       Use of Funds

Start-up costs

New construction

Inventory

Working capital

Export financing

Franchise fees

Business expansion

Lines of credit

Gap financing

Agriculture

Disaster Relief

How to Apply

Qualifying small business owners may apply for a loan guarantee or get additional information by contacting one of the participating Financial Development Corporations (FDCs) from the list below.

Jump Start Loan Program

The Jump Start Loan Program (Jump Start) helps small businesses start, grow, and thrive. Jump Start provides microloans, technical assistance and financial literacy training.

Who Can Apply

Eligible Applicants
  • Small businesses or individual(s) becoming a small business, located in California
  • Borrowers must be a low wealth entrepreneur with a business located in a in a declared disaster area… or
  • Borrowers must be a low wealth entrepreneur located in a low-wealth community within both:
  • A county with a per capita income equal to or less than 115-percent of the statewide average
  • A city or unincorporated area with an unemployment rate equal to or greater than the statewide average
  • Borrower’s annual income must be equal to or less than the statewide average
  • Loan proceeds must be used in California
Loan Terms:
  • Loan amounts range from $500 to $10,000
  • Term up to 5-years, fully amortized
     Use of Funds
  • Start-up costs
  • Property
  • Buildings
  • Machinery
  • Equipment
  • Inventory
  • Tenant Improvements

How to Apply

Qualifying small business owners may apply for a Jump Start loan or get additional information by contacting one of the Jump Start Financial Development Corporations (FDCs):

California Capital Financial Development Corporation

California Coastal Rural Development Corporation

Nor-Cal Financial Development Corporation

Pacific Coast Regional Small Business Development Corporation

Valley Small Business Development Corporation

 

Featured Small Business

       

Small Business
Success Stories

SBFC Latest Newsletter

Farm Loan Program

The Farm Loan Program supports direct loans to small farms through participating Financial Development Corporations (FDCs). Loans are 90% guaranteed by the U.S. Department of Agriculture, Farm Serviced Agency (FSA).

Who Can Apply

Eligible Applicants

To qualify for an FSA Guarantee, a loan applicant must:

  • Be a citizen of the United States (or legal resident alien), which includes Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, and certain former Pacific Trust Territories.
  • Have an acceptable credit history as determined by the lender.
  • Have the legal capacity to incur the obligations of the loan.
  • Be unable to obtain a loan without a guarantee.
  • Not have caused FSA a loss by receiving debt forgiveness on more than 3 occasions on or prior to April 4, 1996; or any occasion after April 4, 1996.
  • Be the owner or tenant operator of a family farm after the loan is closed.  For a Guaranteed Operating Loan (OL), the producer must be the operator of a family farm after the loan is closed. For a Guaranteed Farm Ownership (FO) Loan, the producer needs to also own the farm.
  • Not be delinquent on any Federal debt
  • Entities (corporations, cooperatives, joint operations, partnerships, trusts, and limited liability companies) and their members/stockholders must meet these same eligibility requirements. The farm must be located in California.
        Use of Funds (partial list)
  • Operating and production expenses
  • Buildings, construction or repair
  • Machinery
  • Equipment
  • Storage and drying facilities
  • Purchase livestock
  • Purchase seed, fertilizer
  • Soil and water conservation
  • Refinancing debt

Maximum Loan Size

The FSA can guarantee loans up to $1,399,000 (amount adjusted annually based on inflation).

How to Apply

Qualifying farm owners may apply for a loan or get additional information by contacting one of the following Financial Development Corporations (FDCs):

California Coastal Rural Development Corporation

Valley Small Business Development Corporation

Useful Links

Small Business Resources:

Small Business Resource Map

 

 

 

Financial Development Corporations

 


California Capital Financial Development Corporation *

Clarence Williams, President
1792 Tribute Road, Suite 270
Sacramento, CA 95815
Voice: 916-442-1729
E-mail: cwilliams@cacapital.org

California Coastal Rural Development Corporation *

Karl Zalazowski, President
221 Main Street, Suite 301
Salinas, CA 93901
Voice: 831-424-1099
Fax: 831-424-1094
E-mail: karl_zalazowski@calcoastal.org

California Southern Small Business Development Corporation

Kurt Chilcott, President & CEO
2825 Dewey Road
Building 202, Suite 205
San Diego, CA 92106
Voice: 619-232-7771
Fax: 619-232-6743
E-mail: kchilcott@cdcloans.com

Nor-Cal Financial Development Corporation *

Sanford Livingston, CEO
300 Frank H. Ogawa Plaza, Suite 175
Oakland, CA 94612
Voice: 510-452-1171
Fax: 510-452-4405
E-mail: slivingston@nor-calfdc.org

Small Business Development Corporation of Orange County

Michael A. Ocasio, President & CEO
271 N. Sycamore Street
Santa Ana, CA 92701
Voice: 714-571-1900
Fax: 714-571-1905
E-mail: mocasio@sbfdoc.org

Pacific Coast Regional Small Business Development Corporation *

Mark J. Robertson, Sr., President
3255 Wilshire Boulevard, Suite 1501
Los Angeles, CA 90010
Voice: 213-739-2999, Ext. 222
Fax: 213-739-0639
E-mail: mark_robertson@pcrcorp.org

Valley Small Business Development Corporation *

Debbie Raven, CEO
7035 North Fruit Avenue
Fresno, CA 93711
Voice: 559-438-9680
Fax: 559-438-9690
E-mail: draven@vsbdc.com

*Participant in IBank’s Jump Start Loan Program 

 

 

 

For more information contact:

 Emily Burgos, Small Business Finance Center Manager

California Infrastructure and Economic Development Bank (IBank)

Office Address: 1325 J Street, Suite 1300, Sacramento, CA 95814
Mailing Address: P.O. Box 2830, Sacramento, CA 95812-2830
E-mail: SBFC@ibank.ca.gov
Telephone: (916) 341-6600