— California Small Business Loan Guarantee Program —
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California Small Business Loan Guarantee
PCR uses The California Small Business Loan Guarantee Program to provide state-backed loan guarantees to lenders who, due to perceived risk, may be struggling to make a loan. With the program, lenders make a direct loan to a borrower, and PCR guarantees up to 80% of the loan; which substantially reduces risk, and allows the lender to do a loan that it otherwise would have declined.
Businesses must be located in the State of California and demonstrate ability to repay.
