Supporting California’s Small Businesses to Promote Equity and Resiliency in Recovery

*NEW* SF Small Business Recovery Fund offering 0% loans to businesses in San Francisco.

The California Rebuilding Fund is a loan program to support California’s small businesses—especially those located in economically disadvantaged and historically under-banked areas of the state. Businesses who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $5 million or below in 2019 are eligible to apply. Full eligibility requirements are included in the Business Requirements tab.

The loans are flexible, transparent and are designed to help businesses access the capital and advisory services they need to get through these challenging economic times.

To fill out a pre-application and match with a participating community lender, please click here.

Please note, this program is not associated with the federal Paycheck Protection Program (PPP) or any other SBA program. The loans are not forgivable in part or whole. The loans will need to be paid back over a 3- or 5-year term with a fixed annual interest rate that is currently 4.25%, with the exception of San Francisco based businesses who are eligible for 0% interest loans as a result of local City support. Please see the Loan Terms tab for details.

Not all businesses will be matched with a participating community lender based on each lender’s initial criteria. If matched, you will be connected with a local community lender, which will be a certified Community Development Financial Institution (CDFI). The community lender will work with you on your full loan application. If approved, the loan will be made through that community lender and you will continue to work with them throughout the life of your loan.

Community Development Financial Institutions

There are currently twelve Community Development Financial Institutions (CDFIs) that are participating in the California Rebuilding Fund to process loan applications. CDFIs are mission-driven community lenders certified by the U.S. Treasury Department to serve small businesses who are typically unable to access credit from traditional banks. They provide small business owners with access to credit and advisory services to help them navigate uncertain economic times.

Business Support Organizations

The California Rebuilding Fund has partnered with business support organizations across the state who are helping with outreach to small businesses who may need access to credit. These organizations can help identify or provide business advisory support or help you complete your loan application.

Additional Supporting Organizations

In addition to support from California’s Infrastructure and Economic Development Bank (IBank), the California Rebuilding Fund is backed by initial funders and partners, including generous donations from Jan and Larry Birenbaum, JaMel and Tom Perkins, Simone and Tench Coxe, Jerry Dodson, and the following organizations:

Due to a limited amount of funding availability and the high volume of applications expected, it is anticipated that not all eligible applicants will be able to receive a loan. Applications will be reviewed on a rolling basis and will be managed to support the program’s goals. The time it takes to process an application will depend on the volume of applications received by the community lender with which you match. Please note that submitting an application is not an indication of eligibility and does not mean that a loan will be approved or funded.