The California Small Business Disaster Relief Loan Guarantee Program via Ibank has $50 million in state funding and provides capital for those who do not qualify for federal funds.
– Small businesses and eligible nonprofits located in CA with 1 to 750 employees negatively impacted by COVID-19
– Loans are guaranteed up to 7 years and cover up to 95% of the loan
For more details, please visit: https://www.ibank.ca.gov/small-business-finance-center/