IBank Small Business Loan Guarantee Program
IBank's Small Business Loan Guarantee Program encourages lenders to finance California small businesses that have trouble getting credit by guaranteeing part of the loan. Offered by California Infrastructure and Economic Development Bank; awards $5.0M.
Key Facts
- Funder
- California Infrastructure and Economic Development Bank
- Award amount
- $5.0M
- Deadline
- Rolling / not specified
- Geography
- California
- Status
- Open
About This Grant
IBank's Small Business Loan Guarantee Program encourages lenders to finance California small businesses that have trouble getting credit by guaranteeing part of the loan. Businesses with 1 to 750 employees in eligible industries can use guaranteed loans for startup costs, construction, inventory, working capital, expansion, agriculture and lines of credit. IBank works through seven nonprofit Financial Development Corporations and participating lenders, which set the rate and terms; its fact...
Full requirements and application instructions: official listing.
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