What is it? Under the Equal Credit Opportunity Act, the Small Business Diversity Banking Program provides wider access to loans and lines of credit, giving more businesses the chance to prosper. Simply put, the program extends a variety of different financing solutions to minority-, women- and veteran-owned businesses, including short- and long-term options. 1 You could get a line of credit, a term loan or borrow against real estate assets — whatever works best for you and your business. By giving you access to the funding you need, the Small Business Diversity Banking Program could help you unlock new opportunities for your business.
“We’re providing real economic opportunity through programs like this one, it’s a game changer.” Ben Alvarado Executive Director of Core Banking
How do you qualify?
Business Access Lines of Credit up to $25,000
You may qualify for this program if:
• Your small business has more than 50 percent of the ownership or control held by one or more minority, women or veteran U.S. citizens
Business Access Term Loans up to $175,000
• The business is in California
Owner-Occupied Real Estate Loans
• Gross annual revenue does not exceed $10 million
Long-Term Fixed Asset Financing
Ready to explore the options and get the funding you need to take your business to the next level?
Visit calbanktrust.com/ small-business-diversity
1. See page 30 for important details and disclosures.
calbanktrust.com/ inyourcorner
21
Made with FlippingBook flipbook maker