Am I Eligible?

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To be eligible for a California Rebuilding Fund loan, your small business must meet the following minimum requirements.
The main office or headquarters for your business is in California. The loan must be used to support a business’s California operations
Your business must employ 50 or fewer full time employees as of the time of your application
Your business must have annual gross revenues of less than $5 million
Your business must have suffered a direct economic hardship as a result of COVID-19 which has materially impacted your operations
You have been in business for at least a year prior to your application
If your business was operational prior to March 2020, your business must have returned to or sustained at least 30% of pre-pandemic revenues for at least one of the previous three months relative to your average monthly revenues in the prior year
If your business was operational prior to March 2020, you demonstrated positive net income in 2019 (not including depreciation and amortization expenses)

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After you complete the pre-application, if you are matched with a community lender, the community lender will review your business’s financial condition and underwrite based upon the following general credit criteria and based on financial information provided by guarantor(s) and/or beneficial owners, which may vary based on lender:
  • The guarantor’s ability to pay back the loan in full;
  • The ability to make debt payments from revenues earned (monthly business debt service, including this new loan, to prior revenues must be less than 25%);
  • Neither the guarantor nor any of the beneficial owners is involved in an active bankruptcy
  • No 60+ day delinquencies, charge-offs, or bankruptcies in the last 6 months prior to submitting an application
  • No charge offs and no discharged bankruptcies from March 1, 2019 through February 29, 2020 (if the business was operational during that time)
  • Neither the guarantor(s) nor any of the beneficial ownerships has been the subject of a repossession or foreclosure in the past 36 months;
  • There are no outstanding tax liens or judgments against the guarantor(s) or beneficial owner(s), unless subject to an active payment plan for at least the past six (6) consecutive months; and
  • There is no outstanding unpaid child support owed by the guarantor(s) or beneficial owner(s).
There is no minimum credit score that is required under this program. Each community lender may set its own credit score limits for the loan applications it reviews.

Ineligible businesses

Businesses that are NOT eligible include, but are not be limited to:
  • Firms engaged in activities that are prohibited by federal law or applicable law in the jurisdiction where the business is located or conducted
  • Business engaged in speculative activities that develop profits from fluctuations in price rather than through the normal course of trade
  • Facilities primarily used for gambling or to facilitate gambling
  • Businesses or firms engaged primarily in lobbying activities
  • Passive real estate investments