Financial Resources

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Quick Resources & News

  • IBank: Small Business Disaster Relief Loans are available through California Infrastructure and Economic Development Bank or IBank. These loans are only available to those that did not receive a PPP or EIDL loan from the SBA. This disaster program provides guarantees for loans of up to $50,000 for small business borrowers and nonprofits, with low interest rates and 7-year terms. Apply directly with local lenders including California Capital Financial Development Corporation
  • SBA Emergency Loans: Economic Injury Disaster Loan (EIDL), guidance for businesses and employers, government contracting, and local assistance information is available from the US Small Business Administration.
  • Payment Protection Program: SBA is currently offering PPP loans until March 31, 2021.

Local Lenders

Golden 1 Credit Union is committed to the well-being of our members, employees, and community. For over 85 years, Golden 1 has been and continues to be a strong and stable credit union. We take our role seriously as your financial institution and in helping you, your loved ones, and our community get through these uncertain times.

 

Golden Pacific Bank is taking immediate steps to respond to the needs of individual and small business customers directly affected, while continuing to execute our own business continuity plans under challenging conditions. 

 

SAFE Credit Union offers complete banking services for local businesses, including commercial lending, credit cards, and money market accounts. SAFE is also a Preferred SBA lender and among the top recognized credit union lenders in the Sacramento District of the U.S. Small Business Administration.

 

Wells Fargo provides PPP loan relief, payment & deferment programs, as well as donations to business communities/ vulnerable populations.

Federal Assistance

 

State of California Assistance

  • California COVID-19 Tenant Relief Act
    The Act extends eviction protections to COVID-19 impacted tenants and establishes the state’s Emergency Rental Assistance Program.
  • California Rebuilding Fund
    The California Rebuilding Fund is a loan program to support California’s small businesses. Those who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $2.5 million or below in 2019 are eligible to apply.
  • California Disaster Relief Guarantee Program
    $50 million in state funding, providing potential capital for individuals who do not qualify for federal funds, via iBank. Qualifying small business may directly apply with lenders. español aquí
  • California Relief Grant Program
    Funding Round 6 will open from April 28 through May 4, 2021. Eligible applicants include current waitlisted small businesses and/or nonprofits not selected in Rounds 1-5, as well as new applicants that meet eligibility criteria. Applicants not selected to receive a grant in Rounds 1, 2, 3 & 5 do not need to re-apply and will be automatically moved into Round 6. New applicants will need to apply on this website.

Other Publicly Funded Financial Resources

  • Donate4Sacramento
    Public, private, labor and nonprofit leaders throughout the Sacramento region have joined forces to raise both awareness of what we as a community are confronting and resources that will be dedicated to help vulnerable populations and small businesses.
  • City of Elk Grove Business Recovery Grant Program
    Applications will go live on Monday, October 11, 2021 at 8am and will be accepted through Tuesday, November 9, 2021 at 5pm.

Privately Funded Financial Resources

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