California Capital Access Program for Small Business (CalCAP)
CalCAP is a loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults. The program provides financing for small businesses that may not otherwise meet a bank’s typical underwriting standards. Loans: Loan amount may be up to $2.5 million. Loans can be short- or long- term, have fixed or variable rates, be secured or unsecured, and bear any type of amortization schedule. Loan proceeds must be used for business activity in California.