The purpose of this program is to encourage local banks and non-bank lenders to make small to medium-sized business loans that are not traditionally bankable by providing the lender with additional security for a credit request in the form of a guarantee, which serves as an incentive to approve a commercial credit request it might not normally consider.
Who Can Apply
Small Businesses Located in California 1 – 750 Employees Eligible Non-Profits
Loan Guarantee
Up to 80% of loan amount with a maximum guarantee of $2.5M
Loan Amount
Total Loan Amount Up To $20 Million
Max Guarantee
$2.5 Million
Interest Amount
Determined by Lending Partner
Guarantee Term
Guarantee Up To 7 Years (loan terms can be longer)
State Loan Guarantee Use of Proceeds
- Business Acquisition
- Equipment Purchases
- Bridge Financing
- Construction
- Real Estate Acquisition
- Working Capital
- Inventory
- Tenant Improvements
- Payroll