California Rebuilding Fund
A program to support California’s Small Businesses to Promote Equity and Resiliency in Recovery

The California Rebuilding Fund is a new program built to support California’s smallest businesses as they adapt, reopen, and recover from the effects of COVID-19. This program has been built in partnership with public, private, and nonprofit leaders across the state to ensure that California’s smallest businesses are able to access the resources and capital they need to get through these challenging economic times.

This program is being anchored by a commitment from California’s Infrastructure and Economic Development Bank (IBank) – which was recently approved by the IBank’s Board of Directors – and has strong support from agencies across the State government.

“Businesses across California have been devastated by COVID-19 and our smallest businesses have been the hardest hit,” said Governor Newsom. “Ensuring that these businesses have access to capital will help jumpstart economic growth in communities across the state and provide needed support for entrepreneurs working hard to keep their doors open.”

The program has three main ways it is supporting small businesses:

  1.      A loan fund that will make flexible, affordable loans to small businesses with 50 employees or fewer through participating community lenders. The loan fund will be accepting applications on this website, which will be available in the coming weeks. Loan terms and eligibility will be clear and transparent.
  2.      A free resource guide, built and updated by pro-bono lawyers at Morrison & Foerster that includes county by county guidance on reopening, other financial resources available, and the latest on commercial eviction moratorium. The guide is also available in Spanish here.
  3.      Free virtual office hours staffed by expert lawyers so that small businesses have a place to get specific questions answered. Office hours are held weekly. For more information and dial-in information, please click here.

If you are interesting in joining this effort as a partner, please email partner@calvertimpactcapital.org.

 

Participating partners include: