The California Rebuilding Fund is a loan program designed to help California’s small businesses access the funding they need, including those located in economically distressed areas of the state. The loans are flexible, transparent and are designed to help businesses access the financing and advisory services they need to get through these challenging times.
- You may qualify for a loan up to $100,000
- Receive an affordable WSJ Prime Rate* + 1.0% annual percentage rate
- 0% interest available for eligible SF-based businesses (see loan terms).
- 60-month (5 year) or 36-month (3 year) loans available
- Can be used to refinance (see details)
- Can be used for start-ups (some restrictions apply)
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Eligibility
To be eligible for a California Rebuilding Fund loan, your small business must meet the following minimum requirements.
- The main office or headquarters for your business is in California. The loan must be used to support a business’s California operations
- Your business must employ 50 or fewer full time employees as of the time of your application
- Your business must have annual gross revenues of less than $5 million
- Your business must have suffered a direct economic hardship as a result of COVID-19 which has materially impacted your operations
- You have been in business for at least a year prior to your application
- If your business was operational prior to March 2020, your business must have returned to or sustained at least 30% of pre-pandemic revenues for at least one of the previous three months relative to your average monthly revenues in the prior year
- If your business was operational prior to March 2020, you demonstrated positive net income in 2019 (not including depreciation and amortization expenses)
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