The
California Capital Access Program loans up to $2.5 million to small businesses that fall just outside most banks' underwriting standards. These loans are flexible:
- Short or long-term
- Secured or unsecured
- Fixed or variable rates
The borrower pays a premium, just like an insurance payment, to get the loan. If you are located in a state Enterprise Zone (EZ), the state may pay all or part of the premium.
Guidelines & Restrictions
- Borrowers must be a small business (same criteria as the SBA), with its primary business and 50% of its business in California
- Loan proceeds must be used to grow the business within California
- Loans cannot be used for luxury or gambling facilities or businesses that sell alcohol to be consumed off-site