Banks, Funding & Mentoring

Main Street Lending Program: The Federal Reserve released more details on the Main Street Lending Program. The Main Street Lending Program is designed to assist small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. The Program will operate through three facilities: the Main Street New Loan Facility (MSNLF), the Main Street Priority Loan Facility (MSPLF), and the Main Street Expanded Loan Facility (MSELF). Eligibility of borrowers is limited to businesses who meet one of these two criteria: (1) the business has 15,000 employees or fewer; or (2) the business had 2019 revenues of $5 billion or less. Loans will have a four-year maturity, and principal and interest payments on the loans will be deferred for one year. The Main Street Lending Program can be used to originate new loans (under MSNLF and MSPLF) or increase the size of existing loans (under MSELF). The fact sheets below provide additional and specific information about the MSNLF, MSPLF, and MSELF.  

SBA approved list of lenders - WEBSITE 

The US Small Business Administration is hosting daily calls at 11:00 am and 4:00 pm to share information and answer questions regarding Economic Injury Disaster Loans and the Paycheck Protection Program. To join via phone or Zoom, you can sign up for email updates with phone numbers, web links, and other log-in information for any call you would like to join. To receive current information: https://public.govdelivery.com/accounts/USSBA/subscriber/new?topic_id=USSBA_76 

​Small Business Finance Center (SBFC) (IBank Program) 
California Disaster Relief Guarantee Program 
$50 million in state funding, providing potential capital for individuals who do not qualify for federal funds, via iBank. Qualifying small business may directly apply with lenders (list available soon). https://www.ibank.ca.gov/small-business-finance-center/ 

​The Rancho Cordova City Council approved $1 million in funds for very low-interest loans to local businesses affected by COVID-19/coronavirus. The city will partner with Lift Investing to direct $1 million of its existing investment accounts into a community financial institution that will then provide very low-interest loans with deferred principal and interest payments for the first three to six months to local businesses to help them retain or create jobs.  MORE INFORMATION...

​CENTRAL VALLEY COMMUNITY BANK WEBSITE is a preferred SBA lender which gives ALL Small Businesses in the community access to the Payment Protection Program (CARES ACT). SBA lenders can help ALL, this includes customers and non-customers.​

Jeff Garcia, Vice President / Community Relationship Officer 
jeff.garcia@cvcb.com - 916-850-1586 

At TRI COUNTIES BANK, your health and well-being are a priority amidst concern about the spread of the Coronavirus (COVID-19). Visit this webpage for updates on how Tri Counties Bank is taking precautions and for suggestions for your banking during the outbreak. 
Reach out to your local banker, or our bankers with your questions aby phone 24 hours a day, seven days a week at1-800-922-8742. We are all in this together. ​
 

Bryson Reynoso, Branch Manager 
BrysonReynoso@tcbk.com - 916-984-2029 
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As of 5/11/20 not accepting new PPP loan applications - capped out

CHAMBER MEMBER

U.S. BANK - WEBSITE 

• Our U.S. Bank Visa Business Platinum Card has a 0% introductory APR6 on purchases and balance transfers for 20 billing cycles, and thereafter a variable rate, currently 9.99% to 17.99%. 
• Quick Loan (general business purpose): $5,000 to $250,000 with terms from 12 to 84 months at an interest rate 2% lower than the standard rate for which the business would qualify. 
• Cash Flow Manager (secured & unsecured): An on-demand line of credit of $10,000 to $250,000 at an interest rate 1% lower than the standard rate for which the business would qualify. 



       CHAMBER MEMBER

​AMERICAN RIVER BANK - WEBSITE

American River Bank Application to the SBA PPP -https://www.americanriverbank.com/payroll-protection-plan

As of 5/11/20 not accepting new PPP loan applications - capped out