The California Rebuilding Fund is a loan program designed to support California’s small businesses by providing them with flexible, affordable capital and free advisory services from community-based lenders. The fund was launched in 2020 and All Home co-founded and continues to facilitate the task force that created it.
California’s small businesses employ almost 50% of the state’s workforce, and thus are integral to restoring economic activity and driving development after the impacts of the Covid-19 pandemic. This public-private partnership seeks to ensure that California’s small businesses are able to recover economically from challenges brought on by the pandemic and leverages the combined services and funding of public and private sector leaders and a dozen Community Development Financial Institutions (CDFIs) in order to do so. These local community lenders provide small businesses with access to credit that they might typically be unable to receive from traditional banks alongside free technical assistance.
Businesses across all industries with up to 50 full time employees and gross revenues of less than $5 million are eligible to apply, and the fund is especially aimed at those located in economically disadvantaged and historically underserved areas.
- All Home
- California Governor's Office of Business and Economic Development
- California Infrastructure and Economic Development Bank (IBank)
- Community Development Financial Institutions (CDFIs)