California Statewide Lending - Main Street Launch.org

Lending to Small Businesses in California

Main Street Launch provides loans to businesses throughout the state of California through our SBA Community Advantage program.

Our Services

Community Advantage loans:

Amount: up to $350,000
Interest rate: WSJ Prime + 2.75% (adjusted quarterly)
Terms: up to 10 years
No application fee
No prepayment penalties
SBA guaranty fee waived through Sept 30, 2023—a savings of $7,875 on a $350,000 loan!
Closing fees: 2% loan fee (capped at $3,500) and due diligence fees
Equity injection: 10% for existing businesses, 20% for startups

Use the loan to:

Buy furniture, fixtures, and equipment
Purchase inventory and supplies
Hire employees and cover payroll costs
Pay rent, utilities, and other operating expenses
Refinance high-interest business debt

Eligibility:

New or existing for-profit businesses located in California
At least 51% owned by a US citizen or permanent resident
Must be able to demonstrate current and future debt service based on historical and/or projected revenue

Start Your Application

Education & Relationships

We connect our clients to a network of people and resources, including financial and business support services.

For more information about our lending services, please contact our office at 510.830.3275 or complete our loan inquiry form and a member of our team will contact you.

Client Spotlights

The Gumshoe Group

Resources For Your New or Existing Business

SCORE

SCORE mentors know what it’s like to be a small business owner. Their community of experienced entrepreneurs, corporate managers, and executives is eager to help you start and grow your business. Find out how you can get matched with a mentor for your business.

SBDCs

Small Business Development Centers (SBDCs) provide counseling and training to small businesses including working with the SBA to develop and provide informational tools to support business start-ups and existing business expansion. Learn more about the services they provide and where to find assistance in your area.

Employment Development Department

The Employment Development Department provides employer resources such as information on payroll taxes, hiring and training employees, and state disability insurance. Learn more about the services they provide here.