California Loan Guarantee Program
Similar to the SBA program, the State’s Small Business Loan Guarantee Program, through the Business, Transportation and Housing Agency, allows SAFE-BIDCO to work with local lenders to provide guarantees for a wide range of business loans and lines of credit. These guarantees can be helpful for firms experiencing rapid growth or seasonal cash shortages.
SBA loans provide a “bridge” over a financial gap created by a firm’s start, growth, redirection or temporary setback. SAFE-BIDCO is a direct lender for Small Business Administration (SBA) loan programs. The SBA loan cannot provide 100% of the needed financing.
Rural Loan Program
The Rural Loan Program was created by SAFE-BIDCO in cooperation with the United States Department of Agriculture Rural Development. This program provides direct loans or secondary financing.
The Microloan Program was created by SAFE-BIDCO to encourage community economic development and job creation in Northern California by providing funding at $25,000 or under for small business.
Energy Efficiency Loans
This loan program supports commercial energy efficiency projects (Measures that conserve, produce, or control energy use) for small business, some landlords, and non-profit organizations within California.
Northern California Native American Loan Program
The Northern California Native American Loan Program was created by SAFE-BIDCO in cooperation with the United States Department of Agriculture, Rural Development. The mission of this program is to encourage community economic development and job creation in Northern California by providing financing for Indian owned small businesses both on and off reservation property.