California Capital Access Program (CalCAP) for Small Business

Portal ID:
Active (515 total applications submitted)
Opportunity Type:
  • Loan
Last Updated:



The CalCAP for Small Business Program encourages banks and other financial institutions to make loans to small businesses that may have difficulty obtaining financing. The program features a loan loss reserve model which may provide up to 100% coverage to participating lenders on losses as a result of certain loan defaults. 


CalCAP is a loan loss reserve program which may provide up to 100% coverage to participating lenders on losses as a result of certain loan defaults.  With CalCAP portfolio support, a lender may be more comfortable underwriting small business loans. CalCAP for Small Business Loans may be used for any small business purpose with a few exceptions as noted below. Common uses of loan proceeds are for the acquisition of land, construction or renovation of buildings, purchase of equipment or inventory, or other capital projects including working capital and business start-up costs. There are limitations on loans involving passive real estate, debt refinancing, and the repayment of federal or state income taxes. Prohibited uses of loan proceeds include but are not limited to gambling facilities, bars, gun sales, tobacco manufacturing and sales, and adult entertainment businesses.Maximum loan size is $5,000,000.00 with only $2,500,000.00 enrolled in the program.CPCFA does not work directly with borrowers to apply for financing, applicants must apply through participating Financial Institutions, which may be found here: total number of loans enrolled (1994-2019) is 22,349, with an average loan amount of $27,925.00.

Eligibility Requirements

Eligible Applicants:

  • Business

The eligible business's location and primary economic effect must be located in California. The definition of a Small Business for these purposes is considered to be those businesses with 500 employees or fewer.

Eligible Geographies:

Small businesses must be located in California. Loans for areas with high unemployment rates or which have been declared disaster areas are eligible for additional funding.

Matching Funding Requirement:

Both the Borrower and Lender pay fees between 2 - 3.5% of loan enrollment amount.

Important Dates

The date (and time, where applicable) by which all applications must be submitted to the grantmaker. Time listed as “00:00” equates to midnight.
The date on which the grantor expects to announce the recipient(s) of the grant.
On a rolling basis
The length of time during which the grant money must be utilized.
as applicable

Funding Details

The total projected dollar amount of the grant.
A single grant opportunity may represent one or many awards. Some grantors may know in advance the exact number of awards to be given. Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display.
Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts. Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display.
Certain grants require that the recipient(s) provide a letter of intent.
Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
The funding source allocated to fund the grant. It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number.
  • State

Funding Source Notes:

The CalCAP for Small Business program has been funded by the California Pollution Control Financing Authority (CPCFA's) funding sources since 1994 which have included proceeds from fees generated by businesses participating in transactions through CPCFA's tax-exempt bond program, State General Fund monies awarded in 2010, Federal monies allocated through SSBCI, and monies recaptured beginning August 2017.

The manner in which the grant funding will be delivered to the awardee. Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly).
  • Reimbursement(s)

Funding Method Notes:

The funds are provided to the Borrower by the CalCAP for Small Business enrolled financial institution. Each CalCAP Lender has a loan-loss reserve account that is built up by the fees paid by both the lender and borrower for each enrolled loan.  CPCFA's contributions go into the accounts for each lender, which then can cover any potential losses in the case of a borrower loan default. The loan amount received is determined by the lender.

How to Apply

State agencies/departments recommend you read the full grant guidelines before applying.


For questions about this grant, contact: