READ: Federal agency authorizes $27 million for loans for small business owners in California

Fontana_Herald_News_banner“The U.S. Department of Treasury has authorized an additional $27 million in federal funding for the California Small Business Loan Guarantee Program (SBLGP) to provide loans to California small business owners and entrepreneurs.

“California’s small businesses owners will have even greater access to capital, which will allow them to expand their businesses and create jobs,” said Teveia Barnes, the executive director of the California Infrastructure and Economic Development Bank (I-Bank).  “The Treasury’s allocation of additional funds further demonstrates that the state is effectively managing our small business lending programs and the I-Bank will continue to offer to expanded loan opportunities to business owners across California.”
Read the article here.
~ Norris Lozano, CEO of BusinessUS, a California-based non-bank lender.