Details | State Small Business Credit Initiative Loan Guarantee Program


Funder

 

Valley Small Business Development Corporation

Implementer

 

Valley Small Business Development Corporation

Description

 

Offers protection to the lender against potential losses incurred from new or existing lending relationships. The loan guarantee is backed by a trust fund set up by the State of California funded with federal dollars. This loan guarantee can be utilized by commercial banks, Certified Development Financial Institutions (CDFI) or credit unions. Normally, the borrower works directly with the lender; the lender then works directly with Valley Small Business Development Corporation to secure the loan guarantee.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Secured Loan

Category

 

Financing

Territory

 

Fresno County

Applicant type

 

For Profit

Project

 

New Addition to an Existing Building  |  Production Process Improvement  |  Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building  |  Whole New Building Construction

Sector

 

Commercial

Sub-sector

 

Education

Sustainability

 

Electric Vehicle Charging Infrastructure  |  Electric Vehicles  |  Energy Efficiency in Buildings  |  Energy Management System  |  Energy Storage  |  Generation Systems  |  Water Use Reduction

Additional website

 

Small business

 

True

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

7

Interest rate comment

 

Incentive