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Statewide Loan
Programs
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California's Recycling
Manufacturing Equipment Tax Credit |
State tax credit to
purchases of recycling manufacturing equipment located in California |
$250,000 |
Any businesses that incurs
a tax liability to the State of California and purchases and operates
qualified recycling equipment |
State of
California Integrated Waste Management Board |
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CEDLI Co-Lending
Program for Small Businesses |
Targets loans to emerging
business in both urban and rural areas that are currently unable to
qualify for conventional bank financing. Women and minority owned
businesses are a high priority for financing. |
No Maximum |
All small businesses are
eligible for CEDLI loans in both urban and rural areas |
CEDLI |
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CEDLI Diret Real Estate
Lending Program |
To provide permanent
capital to finance the development of community facilities and other
real estate based economic development projects. Loan funds can be
used for acquisition or expansion of an existing building |
$50,000
- $1 million |
Community focused
non-profit corporations and other institutions whose mission is to
meet the economic and social needs of under served markets and
disenfranchised populations promoting job creation and economic
self-sufficiency, supporting human development, or providing community
services |
CEDLI |
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California State
Guarantee Program |
An alternative source of
funding for small businesses in which conventional lenders funds loans
guaranteed by the state |
$350,000 |
Small businesses that do
not qualify for conventional bank loans |
PCR, Hancock Urban Development
Corporation, SFV-FDC |
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State Bond Guarantee
Program |
To encourage surety
companies to issue bonds to small and emerging contractors |
$350,000 |
Small contractor bidding
on public works job with successful track record in completing similar
jobs |
PCR, SFV-FDC |
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Disaster Bridge Loan
Guarantee Program |
To provide intermediate
bridge financing for small businesses who have suffered physical or
economic injury as a result of a declared disaster |
$200,000 |
Small businesses that have
applied for an SBA Disaster Loan |
PCR, SFV-FDC |
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Replacing Underground
Storage Tanks (RUST) Program |
To provide loans to
independent service station owners and other businesses with
underground storage tanks that need financing to replace or remove the
tanks |
$10,000 -
$350,000 |
Independent service
station owners and other businesses with underground storage tanks |
PCR, SFV-FDC |
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Industrial Development
Revenue Bonds (IDB) Program |
Taxable and tax exempt
financing for commercial and industrial developments through the
issuance of municipal bonds, or certificates of participation. Used
for property acquisition, equipment purchases, building improvements,
and construction |
$1 million - $40 million |
Projects must be located
in Los Angeles for tax exempt IDB's, project must create 1 job for
every $50,000 in bond funds |
Los Angeles LALDC |