AOF and American Express partner to propel small business growth LEARN MORE

California Rebuilding Fund

For California small businesses that were in business on December 31, 2019 and have suffered a direct economic hardship as a result of COVID-19. Learn more about the program we offer through our partner Connect2Capital and see if your business may be eligible.

Tania Torres Image
Share

The California Rebuilding Fund is a loan program to support California’s small businesses. This program offers a special subsidized rate of 4.25% for loans up to $100,000 for businesses that suffered a direct economic hardship due to COVID-19.¹

Business Qualifications

  • For California-based small businesses
  • Businesses that employ 50 or fewer full-time employees
  • Gross business revenues of less than $2.5 million
  • Business must have been in operation since at least December 31, 2019

Scroll to the bottom of the page for more detailed eligibility criteria.

See if you Qualify

Fill out the form below to see if you are a good match for our California Rebuilding Product. Please note, filling out the form below should take less than 10 minutes and will not affect your credit score. If you are a match, you will receive an email with a link to our full application.

Questions? Please call (833) 226-0100 or email caloans@opportunityfund.org. 

Eligibility Details

To be eligible for a California Rebuilding Fund loan, a small business must meet the requirements detailed below. Please note that the pre-application should be completed and submitted by the owner of the business with the largest ownership interest, and that all owners with more than 20% ownership will be required to attest to the information provided. The following criteria is the minimum required for a business to be considered eligible for a loan under this program:

  • The business must have employed 50 or fewer full-time equivalent (FTE) employees prior to March 2020; please note: any and all affiliates are counted in this total, including businesses with shared ownership;
  • The business must have had gross revenues of less than $5 million in 2019;
  • The business must have suffered a direct economic hardship as a result of COVID-19 which has materially impacted operations (as evidenced by at least a significant reduction in revenues since January 2020);
  • The business must have returned to or has sustained at least 30% of pre-crisis revenues for at least one of the previous three months relative to average monthly revenues in the prior year;
  • The business must have demonstrated positive net income in 2019 (not including depreciation and amortization expenses);
  • The business must have been in operation since at least December 31, 2019;
  • The main office or headquarters for the business must be in California. The loan must be used to support only a business’s California operations

In our mission to help as many underfunded small businesses as possible, we offer a variety of funding opportunities¹ through our partners. Each of our loan products and programs has different eligibility requirements, pricing, fees, and terms.

Apply for a Loan