State Resources

CalCap: Americans with diabilities act (ADA) financing Program

The CalCap ADA Financing Program is a loan loss reserve program which provides up to 100% coverage on losses as a result of certain loan defaults

The program supports financial institutions when they make loans to small businesses that may otherwise have difficulty obtaining financing in order to make physical alterations or retrofits to a business

Small businesses with 30 or fewer full time equivalent employees OR have a total annual gross income of less than $5 M requiring a loan for facilities under 10,000 square feet ADA compliance-related costs are eligible for more favorable loan terms

Office of the California State Treasurer
calcap@treasurer.ca.gov

CalCap: Small Business

The CalCap for Small Business is a loan loss reserve program for participating financial institutions (PFI) which provides up to 100% reimbursement for certain loan defaults from PFI’s CalCap SB loan loss reserve account
The program supports PFI’s when they make loans to small businesses that may otherwise have difficulty obtaining financing
Office of the California State Treasurer
calcap@treasurer.ca.gov

Calcap: Heavy-duty vehicle air quality loan program (HDVAQLP)

HDVAQLP is a loan loss reserve program, which may provide up to 100% coverage on losses from certain loan defaults
Financial institutions receive support when making loans to small businesses for air quality compliant vehicles for small fleet owners
Office of the California State Treasurer
calcap@treasurer.ca.gov

CalCap: Seismic Safety Program (SSP)

The CalCap SSFP is designed to assist California small businesses and residential property owners with financing the costs for seismic retrofit construction alterations to buildings in order to substantially mitigate potential damage from seismic events
CalCap SSFP is a loan loss reserve program for participating financial institutions which provides up to 100% reimbursement for certain loan defaults
Office of the California State Treasurer
calcap@treasurer.ca.gov

Climate Catalyst Revolving Loan Fund

The Climate Catalyst Revolving Loan Fund provides a range of financial instruments to help bridge the financing gap currently preventing advanced technologies from scaling into the marketplace
The Catalyst Fund’s current focus is on three sectors critical to the state’s climate mitigation and resilience strategies:

Climate-Smart Agriculture
Forest Biomass Management and Utilization
Clean Energy Transmission

IBank
climatefinancing@ibank.ca.gov
(916) 341-6600

Climate Tech Finance

The Climate Tech Finance program bridges the gap between climate entrepreneurs needing working capital and commercial and community lenders seeking to participate in the high-growth, high-impact clean technology market by offering loan guarantees that lower the risk of the lending process and helping climate entrepreneurs secure working capital
IBank
ctf@baaqmd.gov
(415) 749-4900

Expanding Venture Capital Program

The Expanding Venture Capital program is funded through the State Small Business Credit Initiative (SSBCI 2.0) program, which was created through the federal American Rescue Plan Act of 2021 and will invest $200 M in venture capital (VC) funds and businesses in the state. $150 M of the funds will be invested in VC funds, and the balance directly to businesses

IBank
vc@test.ibank.ca.gov
(916) 341-6600

Greenhouse Gas Reduction Fund

CalReycle established the GGRF to provide financial incentives for capital investments in infrastructure for aerobic composting, anaerobic digestion and recycling and manufacturing facilities that will reduce greenhouse gas emissions
These programs are part of California Climate Investments, a statewide program that puts billions of cap-and-trade dollars to work reducing greenhouse gas emissions, strengthening the economy and improving public health and the environment – particularly in disadvantaged and low-income communities

CalRecycle
ghgreductions@calrecycle.ca.gov

Jump Start Microloan

IBank’s Small Business Finance Center features a microloan program for businesses in low-wealth communities. The Jump Start Loan Program helps small businesses in low-wealth communities start, grow and thrive. Jump Start’s goal includes assisting underserved groups such as women, people of color, veterans, the disabled and those previously incarcerated
The Jump Start Loan Program can help start or grow businesses for entrepreneurs that may not qualify for loans at traditional lender or other programs because they are often too new or too small

Cal Coastal Rural Development Corporation
(831) 424-1099
State Small Business Loan Guarantee

IBank’s loan guarantees can pay lenders up to 80% of a small business’s outstanding loan in the event that small business in unable to pay
By guaranteeing loans, IBank gives lenders the confidence they need to issue loans to small businesses that otherwise struggle to access capital

IBank
sbfc-programs@ibank.ca.gov
(916) 341-6600

REcycling Market Development Zone Loan Program (RMDZ)

The RMDZ program combines recycling with economic development to fuel new businesses, expand existing ones, create jobs, and divert waste from landfills
This program provides attractive loans, technical assistance, and free product marketing to businesses that use materials from the waste stream to manufacture their products and are located in a zone
Local government incentives may include relaxed building codes and zoning laws, streamlined local permit process, reduced taxes and licensing, and increased and consistent secondary material feedstock supply

County of Monterey Economic Development
vaughnr@co.monterey.ca.us
(840) 234-9518

Federal Resources

Small Business Administration: 504 Loan Program

The 504 Loan Program provides long-term, fixed rate financing for major fixed assets that promote business growth and job creation
The maximum loan amount for a 504 loan is $ 5.5 M
For certain energy projects, the borrower can receive a 504 loan for up to $ 5.5 M per projects, for up to three projects not to exceed $16.5 M total

Cal Coastal Rural Development Corporation
(831) 424-1099
Small Business Administration: Express Loan

The SBA Express Loan Program features an accelerated turnaround time for SBA review. The SBA will respond to your application within 36 hours
The maximum loan amount for a SBA Express Loan is $ 500,000

Cal Coastal Rural Development Corporation
(831) 424-1099
Small Business Administration: Community Advantage Programs

The Community Advantage (CA) Pilot Loan Program was introduced by the SBA to meet the credit, management, and technical assistance needs of small businesses in underserved markets
CA provides mission-oriented lenders, primarily nonprofit financial intermediaries focused on economic development, access to 7(a) loan guaranties for loans of $350,000 or less

Cal Coastal Rural Development Corporation
(831) 424-1099
Small Business Administration: 7(a) loan program

The 7(a) Loan Program, SBA’s most ccommon loan program, includes financial help for small buusinesses with special requirements. This is a good option when real estate is part of a business purchase but it can also be used for other business expenses
The maximum loan amount ofr a 7(a) loan is $ 5 M

Cal Coastal Rural Development Corporation
(831) 424-1099
Farm Loans

The Farm Service Agency (FSA) administers a variety of farm loan programs offered by the U.S. Department of Agriculture (USDA) including:

Beginning Farmers and Ranchers Loans
Emergency Farm Loans
Farm Loan Servicing
Farm Operating Loans
Farm Ownership Loans
Guaranteed Farm Loans
Microloans
Minority and Women Farmers and Ranchers
Native American Loans
Youth Loans

Monterey County Farm Service Agency
amy.davis3@usda.gov
9831) 975-7742