Small Business Disaster Relief Loan Guarantee Program
IBank's Small Business Disaster Relief Loan Guarantee Program, run by its Small Business Finance Center, guarantees up to 95% of loans that participating private lenders make to California small businesses that suffered a physical or economic loss from a declared disaster, including wildfires. Offered by California Infrastructure and Economic Development Bank; awards $1.0M.
Key Facts
- Funder
- California Infrastructure and Economic Development Bank
- Award amount
- $1.0M
- Deadline
- Rolling / not specified
- Geography
- California
- Status
- Open
About This Grant
IBank's Small Business Disaster Relief Loan Guarantee Program, run by its Small Business Finance Center, guarantees up to 95% of loans that participating private lenders make to California small businesses that suffered a physical or economic loss from a declared disaster, including wildfires. The maximum guarantee is $1 million and loans can be guaranteed for up to seven years; interest rates and terms are negotiated between borrower and lender. Businesses with 1 to 750 employees, including...
Full requirements and application instructions: official listing.
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