![]() We will not accept an individual as the borrower. If the loan appears to be in the name of an individual, evidence of Sole Proprietorship will be required and may include a Schedule C, Schedule F, Seller’s Permit, and/or fictitious business name or DBA statement.Sole Proprietor – Individual using legal name as business name that files a Schedule C, Schedule F, or has a fictitious business name or DBA statement.The Small Business Loan Guarantee program is available to small businesses throughout the state of California and serves hundreds of small businesses each year.Ī: The business must have between 1-750 employees and be established as an entity including: The Small Business Loan Guarantee program helps businesses create and retain jobs, and encourages investment in low- to moderate-income communities. The Finance Center promotes statewide economic development by increasing opportunities for entrepreneurs, the self-employed, microbusiness and small business owners to have better access to capital and other technical resources. Originally known as the Small Business Loan Guarantee Program (SBLGP), the SBFC received seed money in 1968 in an effort to reduce unemployment by supporting entrepreneurship and small businesses. The Small Business Loan Guarantee program encourages lenders to provide funds to small businesses to help them grow and prosper. IBank’s Small Business Finance Center features a loan guarantee program designed to assist small businesses that experience capital access barriers.
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