California Small Business Loan Guaranty Program

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by a searcher from University of California, Berkeley - Haas School of Business
in San Diego, CA, USA

4mos ago

California Small Business Loan Guaranty Program

Has anyone here ever used the California Small Business Loan Guaranty Program for a business acquisition in California? If so, I'd love to chat. Also, I am looking to chat with people that know more about this program. Thank you! Ps - I've seen some posts on SearchFunder regarding CA SMLGP but most of those posts are fairly old so any new info could be help to the community

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reply by a searcher 4mos ago
from The University of Chicago in California, USA

I talked to a banker for this program a few weeks ago. They are more flexible in some areas, but were asking for more personal collateral than SBA would require. Would love to learn if that is systemic or just this case.

reply by a lender 4mos ago
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

We have experience using the California Guarantee program and we have lenders that utilize that program. Unfortunately a lot of lenders in CA do not participate in the program. If you need assistance we would love the chance to work with you. You can reach me here or directly at redacted