Loans & Financial Assistance

Statewide Community Infrastructure Program (SCIP)

SCIP is a financing program that enables developers to pay most impact fees and finance public improvements through an acquisition agreement that qualifies under the 1913/1915 Act (excluding school fees) via tax-exempt bond issuance proceeds. As the City of Vallejo requires developers to pay impact fees prior to obtaining a permit, SCIP can be used to directly prepay these fees or alternatively, to reimburse the developer after fee payment. The program can be used to enable developers to pay for, or be reimbursed for, all eligible impact fees or for a single impact fee.
  • Well suited for commercial, industrial and residential projects;
  • Simple application process
  • Long term fixed rate financing at competitive tax-exempt rates.
For more information visit the Statewide Community Infrastructure Program website or call California Communities at (925) 765-8525.

Small Business Administration (SBA) 504 Loan

The SBA 504 Program provides small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization. This program offers key advantages to businesses that plan to invest in equipment and/or real estate for their own use:
  • Low down payment – conserving valuable operating capital
  • Competitive, fixed interest rate – no future interest rate fluctuations
  • Long term – brings debt service in line with the cash flow generated by the asset
  • Loan amounts range from $50,000 to $1.5M
For more information on the SBA 504 loan please visit the Bay Area CDC website or call (925) 926-1020.

Opportunity Fund

The Opportunity Fund helps small businesses grow and maintain their business. They provide an alternative source of capital for small business owners turned down by banks and who do not want to borrow on credit cards. The Opportunity Fund clients typically generate enough business income to support all expenses, have good or mixed credit, and cannot qualify for a conventional bank loan.
  • Loan amounts from $1,000 - $100,000
  • Fixed interest rates – 8% - 12%
  • Loan terms – 1 to 7 years
  • Little or no collateral requirements
  • Loan fees of 5% of less – included in loan amount
For more information visit the Opportunity Fund website or call (408) 297-0204.

Industrial Development Bonds

Industrial Development Bonds (IDBs) are tax-exempt industrial revenue bonds which are issued to offer low interest financing to qualified businesses. IDBs traditionally offer lower interest rates, long-term maturity (15 – 30 years) and are assumable. Proceeds from IDBs may be used to finance land acquisition, building construction, machinery and equipment, and other incidental costs. In addition, five percent of net proceeds may be set aside for working capital. IDB bond amounts usually start around $2M up to a maximum of $10M.

For more information on IDBs visit the State Treasurers webiste contact their office at (916) 653-3843 or