| California
has developed a package of financial assistance programmes
as diverse as the state's businesses themselves. Additionally,
local governments will often capitalise on state and federal
programmes to finance infrastructure improvements or provide
gap financing, as warranted by the project.
In broad terms, the programmes
can be divided into three types of assistance:
-
Business financing
-
Public Infrastructure Financing
-
Environmental Loans
This
section provides an overview of state programmes, as well
as a few locally sponsored financing options. When you
request a proposal, your regional representative will
work with you to identify all potential financing sources
relevant to your project.
The following financial assistance
programmes are covered in this section:
• Business Assistance
Business financing is provided
directly to companies in order to undertake various projects.
Each programme has its own specific requirements for qualification
and terms for approval. Listed below is an overview of
each programme and the basic requirements.
–
Industrial Development Bonds
–
SBA 504 Loans
–
Small Business Loan Guarantees
–
California Capital Access Programme
–
Sudden and Severe Economic Dislocation Loans
(SSED)
–
California Technology Investment Partnership Programme
–
California Export Finance Loan Guarantees
–
Old Growth Diversification Revolving Loans
–
USDA Rural Development
-
Rural Venture Capital Network
–
Revolving Loan Funds (local)
• Public Infrastructure
Financing
Public infrastructure financing
provides financial assistance to cities and counties for
public infrastructure projects. Although not directly
available to individual businesses, cities and counties
can qualify for public infrastructure financing and provide
it to qualified businesses locating in their areas. Thus,
although an indirect manner of financing, public infrastructure
financing programmes can save businesses considerable
expense on qualified projects in designated areas. Your
local representative will assist you in identifying and
accessing appropriate sources of infrastructure financing.
–
Rural Economic Development Infrastructure Programme (REDIP)
–
Community Development Block Grants (CDBG)
–
Redevelopment Agencies (local)
• Environmental Loans
California is committed to
the preservation of the environment and has implemented
various loan programmes to help companies clean up the
environment and implement environmentally friendly programmes.
–
Recycling Loans
–
Hazardous Waste Reduction Loans
–
Pollution Control Financing
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