Areas Served: Contra Costa County The MicroLoan Program provides very small loans to start-up, newly established, or growing small business concerns. Under this program, SBA makes funds available to nonprofit community based lenders (intermediaries) which, in turn, make loans to eligible borrowers in amounts up to a maximum of $35,000. The average loan size is
Read MoreAreas Served: Orange County The Small Business Credit Initiative Loan Guarantee can be used in Orange County, California for any standard business purpose, such as expansion into new facilities, the purchase of new equipment, or development of a new market. The loan must target an average borrower-size of 500 employees or less and cannot extend
Read MoreAreas Served: Town of Truckee The Town of Truckee, California Microenterprise Loan Program has loan funding available to assist eligible microenterprise businesses expand. Eligible uses of loan funds include operating capital to pay staff and lease space or purchase inventory; acquisition of furniture, fixtures, equipment and tools, rehabilitation of leased space, advertising/marketing; purchase of manufacturing
Read MoreAreas Served: Del Norte county Micro Enterprise Loans are funded by the California Department of Housing and Community Development and distributed through the Community Development Block Grant program. These low interest loans are capped at $25,000. Applicants must meet the Target Income Group restriction must earn 80% or less of the median family income
Read MoreAreas Served: City of Huron Size of Loans – Min. $5,000 – Max. $50,000; Interest Rate – Variable Rate Loans priced at Prime Rate +2.75%; Term between 2 – 6 years; and fees of 2% plus out-of-pocket expenses. Profile of Borrowers – Microenterprises, start-ups, and existing small businesses. Small business must be located in the
Read More