IBank Jump Start Microloan Program
IBank's Jump Start Loan Program makes microloans of $500 to $10,000 to low-wealth entrepreneurs in low-wealth California communities, including businesses too new or too small for traditional lenders. Offered by California Infrastructure and Economic Development Bank; awards $500 – $10K.
Key Facts
- Funder
- California Infrastructure and Economic Development Bank
- Award amount
- $500 – $10K
- Deadline
- Rolling / not specified
- Geography
- California
- Status
- Open
About This Grant
IBank's Jump Start Loan Program makes microloans of $500 to $10,000 to low-wealth entrepreneurs in low-wealth California communities, including businesses too new or too small for traditional lenders. Loans carry interest at prime plus 5% and can be amortized over five years, and can pay for startup costs, machinery, equipment, inventory and tenant improvements. IBank contracts with five Financial Development Corporations that provide technical assistance, underwriting and disbursement, and...
Full requirements and application instructions: official listing.
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