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California: Capital Access Program

Capital Access Program (CalCAP) is a loan loss program that may provide up to 100% coverage on losses as a result of certain loan defaults. Individual borrows are limited to a maximum of $2.5M enrolled over a three-year period.

CalCAP for Small Business encourages banks and other financial institutions to make loans to small businesses having difficulty obtaining financing. By participating in CalCAP, lenders have available to them a proven financing mechanism to help meet the financing needs of California's small businesses.

The program is administered by the California Pollution Control Financing Authority, was established in 1973, and is chaired by the California state treasurer.

Eligibility:

  • The business is classified as a small business under the U.S. Small Business Administration size standards.
  • Employees fewer than 500 full-time equivalent employees.
  • The business purposes is one of the industries listed in the NAICS codes list.
  • The primary business and at least 51% of the employees or its income, sales, or payroll comes from business in California. Business activity resulting from the bank’s loan must be created and retained in California.

To learn more about CalCAP for Small Business and how to enroll, visit the CalCAP website.

Visit our Economic Resources and Relief Guide to review nationwide and statewide opportunities for businesses, non-profits, and individuals.

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