Small Business Finance Center (SBFC)

The SBFC helps businesses create and retain jobs, and encourages investment in low- to moderate-income communities. The SBFC provides a variety of programs designed to help California business owners including the Jump  Start Loan Program which provides small loans for economically disadvantaged business owners as well as the Small Business Loan Guarantee Program.

Introducing California Small Business Jump Start Loan Program

The Jump Start Loan Program (Jump Start) helps small businesses in low-wealth communities 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
  • Borrower and business must be located in a low-wealth community within both:
  • A county with a per capita income equal to or less that 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

Guarantee 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 Nor-Cal FDC’s Jump Start Loan Program Manager

Arthur Washington
300 Frank Ogawa Plaza
Suite 175
Oakland CA 94562
(510) 452-1199

 

California Small Business Loan Guarantee Program (SBLGP)

Nor-Cal FDC supports the California Small Business Loan Guarantee Program (SBLGP) by providing loan guarantees to partners and other eligible lenders to finance small businesses that experience capital access barriers.

Who Can Apply

Eligible Applicants

  • Small Businesses located in California with between 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
  • 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

How to Apply

Qualifying small business owners may apply for a loan guarantee or get additional information by contacting Nor-Cal FDC’s Loan Guarantee Team:

Arthur Washington
300 Frank Ogawa Plaza
Suite 175
Oakland CA 94562
(510) 452-1199