California Capital Access Program for Small Business (CalCAP SB)

CalCAP for Small Business, run by the California Pollution Control Financing Authority in the State Treasurer's Office, is a loan loss reserve that encourages banks, credit unions and CDFIs to lend to California small businesses that have trouble getting financing. Participating lenders can enroll loans and lines of credit up to $5 million, with up to $2.5 million enrolled per borrower over three years. The lender and borrower each pay 2% to 3.5% of the enrolled amount into the lender's...