The California
Small Business Loan Guarantee Program |
Having
problems getting a loan for your small business, check out
the California Small Business Loan Guarantee Program.
|
The program is designed to help
small business owners who are having problems getting a loan
through the normal process or do not have a favorable credit
history. |
To be
eligible the business must be located in California and be
classified as a small business. |
The loan can
be used for any purpose such as hiring new employees, buying
new equipment, expanding into a new facility, etc. |
Loans can be
in the amount of up to $500,000. Interest is
negotiated between the borrower and the lender. The
loan term may be extended up to 7 years.
Processing
takes 3-5 weeks. Collateral may be required.
Click here to access the program |
Sources:
California Business, Transportation & Housing Agency
By
Jack River
|