Loan Loss Reserve is a form of loan portfolio insurance which may provide up to 100% coverage on certain loan defaults. By participating in CalCAP, lenders have available to them a proven financing mechanism to meet the financing needs of California's small businesses.
Pledges cash to cover the collateral shortfall of loans of $50,000 or more. CalCAP Collateral Support provides up to 40% of the loan value, with the possibility of an additional 10% for businesses located in a severely affected community.
Loans ENROLLED in the California Air Resources Board (CARB) On-Road Heavy-Duty Vehicle Air Quality Loan Program can be used to finance heavy-duty trucks and buses and retrofits. CalCAP together with the California Air Resources Board may provide up to 100% coverage on certain loan defaults.
The Electric Vehicle Charging Station Financing Program provides finance incentives to both lenders and borrowers for the purchase and installation of electric vehicle charging stations at California businesses. CalCAP provides rebates to borrowers who participate, and may provide lenders with up to 100% coverage on certain loan defaults.
The California Capital Access Program (CalCAP) Americans with Disabilities Act (CalCAP/ADA) Financing Program assists small businesses with financing the costs to alter or retrofit existing small business facilities to comply with the requirements of the federal Americans with Disabilities Act (ADA) of 1990.
The California Capital Access Program (CalCAP) Seismic Safety Program is designed to assist California small businesses and residential property owners with financing the costs for seismic retrofits.