Grow Your Business Here - Financial Assistance
Business Financing - Small Business Loan Guarantee Program
The Small Business Loan Guarantee Program allows a business to not only acquire a loan it could not otherwise obtain, but to establish a favorable credit history with a lender so that the business may obtain future financing on its own.
How to Apply: Contact any of the eleven Financial Development Corporations (FDCs) listed here, either directly or through your bank.
Eligible Applicants: Any small business as defined by the U. S. Small Business Administration (typically businesses that employ one hundred people or less).
Eligible Uses: Proceeds must be used primarily in California, and for any standard business purpose beneficial to the applicant's business, such as expansion into new facilities or purchase of new equipment.
Guarantee Amount: Guarantees can cover up to 90% of the loan amount, with the guaranteed portion of the loan not exceeding $500,000. The guaranteed percentage varies and subject to negotiation between the FDC and the lender.
Loan Information:
- The term of the loan guarantee may extend up to seven years.
- Interest rates are negotiated between the borrower and the lender. The FDC may charge a guarantee fee of up to 2% for guarantee amounts up to $150,000, and 3% for guarantee amounts over $150,000, plus a documentation fee of $250.
- Processing time takes three to five weeks, depending on how quickly the applicant provides the necessary information and documentation, and on the lender's responsiveness.
- Collateral is generally required, but each transaction is tailored to meet the borrower's financial situation.
Financial Development Corporations
Northern California
California Capital Financial Development Corp.
2000 O Street, Suite 250
Sacramento, CA 95811
Phone: (916) 442-1729
FAX: (916) 442-7852
www.cacapital.org
Nor-Cal Financial Development Corp.
2213 Harbor Bay Parkway
Alameda, CA 94502
Phone: (510) 522-6661
FAX: (510) 522-6658
www.norcalfdc.org
Nor-Cal Financial Development Corp. Branch Office
300 Frank H. Ogawa Plaza, Suite 251
Oakland, CA 94612
Phone: (510) 208-7330
FAX: (510) 208-7334
www.norcalfdc.org
SAFE-BIDCO
1377 Corporate Center Parkway, Suite A
Santa Rosa, CA 95407
Phone: (707) 577-8621
FAX: (707) 577-7348
www.safe-bidco.com
California Central Coast
California Coastal Rural Development Corp.
221 Main St., Suite 301
Salinas, CA 93901
Phone: (831) 424-1099
FAX: (831) 424-1094
www.calcoastal.org
California Coastal Rural Development Corp. – Monterey Branch
479 Pacific Street, #5A
Monterey, CA 93940
Phone: (831) 641-0722
FAX: (831) 641-0723
California Coastal Rural Development Corp. – Santa Barbara Branch
39 East De La Guerra Street
Santa Barbara, CA 93101
Phone: (805) 962-9251
FAX: (805) 966-5849
California Coastal Rural Development Corp. – Santa Maria Branch
910 East Stowell Road, Suite 104
Santa Maria, CA 93454
Phone: (805) 349-0798
FAX: (805) 349-9757
California Coastal Rural Development Corp. – Ventura Branch
701 East Santa Clara Street, #28
Ventura, CA 93003
Phone: (805) 652-0516
FAX: (805) 652-0519
Central Valley
Valley Small Business Development Corp.
7035 North Fruit Avenue
Fresno, CA 93711
Phone: (559) 438-9680
FAX: (559) 438-9690
www.vsbdc.com
Southern California Region
Pacific Coast Regional Financial Development Corp.
3255 Wilshire Blvd., Suite 1501
Los Angeles, CA 90010
Phone: (213) 739-2999
FAX: (213) 739-0639
www.pcrcorp.org
Hancock Small Business Financial Development Corp.
3600 Wilshire Blvd., Suite 926
Los Angeles, CA 90010
Phone: (213) 382-4300
FAX: (213) 382-4732
www.hsbfdc.org
San Fernando Valley Financial Development Corp.
5121 Van Nuys Boulevard, Third Floor
Van Nuys, CA 91403
Phone: (818) 205-1770
FAX: (818) 205-1785
www.sfvfdc.org
Inland Empire Financial Development Corp.
516 North Lemon Avenue
Ontario, CA 91764
Phone: (909) 391-6787
FAX: (909) 391-6765
www.iefdc.org
Orange County Financial Development Corp.
1913 East Seventeenth Street, Suite 210
Santa Ana, CA 92705
Phone: (714) 571-1900
FAX: (714) 571-1905
sbfdoc.com
California Southern Financial Development Corp.
600 B Street, Suite 2450
San Diego, CA 92101
Phone: (619) 232-7771
FAX:(619) 232-6743
www.casouth.com