On November 20, California Governor Gavin Newsom announced The California Rebuilding Fund, a program designed to serve small businesses that are an essential part of the California economy.
Through this program, small businesses will be able to access loan capital as they reopen their doors and recover from COVID-19’s health and economic crisis. In California, small businesses account for nearly 50% of the state’s labor force. They are vital to restoring economic activity, retain quality jobs, and drive development.
The California Rebuilding Fund is a public-private partnership that is aggregating funding from private, philanthropic, and public sector sources. For more information and detailed eligibility requirements, visit the official website http://www.CALoanFund.org.