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EnterFund Microenterprise Loan Program

California Capital's EnterFund Microenterprise Loan Program offers business loans to owners and prospective owners of very small businesses within Sacramento, Yolo, El Dorado & Placer Counties.

The EnterFund Microenterprise Loan Program offers:

Opportunity Loans
Loan Amount - Up to $1,000
Complete Application - Yes
Minimum Credit Score - 600
Financial Statements - N/A
Tax Returns - Most Recent 2 Years
Ability To Repay Loan - Based On Current Income
Collateral - Collateral with significant market or intrinsic value is required.
Fees - $50 Application Fee *
Interest - 8%
Loan Term - 12 Months
Prepayment Penalties - None
Breakdown Of Use Of Funds - Yes
Business Plan - Yes ***

Expansion Loan
Loan Amount - $1,000 To $25,000
Complete Application - Yes
Minimum Credit Score - 650
Financial Statements - Most Recent 2 Years
Tax Returns - Most Recent 2 Years
Ability To Repay Loan - Based On Current And Projected Income
Collateral - Collateral with significant market or intrinsic value is required.
Fees - $100 + 2% of Loan Amount **
Interest - 8%
Loan Term - Up To 60 Months
Prepayment Penalties - None
Breakdown Of Use Of Funds - Yes
Business Plan - Yes ***

* $50 Application Fee will be waived if there is a direct withdrawal set up.
** $100 Application Fee will be waived if there is a direct withdrawal set up.
*** May be substituted by "Market Analysis and Competition" worksheet in Application.