Local Funding Resources

EDFC - ECONOMIC DEVELOPMENT AND FINANCE CORPORATION

Connecting money with entrepreneurs - EDFC is a non-profit organization who make loans to businesses in Mendocino and Lake Counties to create jobs and grow our local economy.

SBA LOANS

Start or expand your business with loans guaranteed by the Small Business Administration. Use Lender Match to find lenders that offer loans for your business.

Other Government Funding Resources

EXPANDING VENTURE CAPITAL ACCESS PROGRAM

What is the IBank Expanding Venture Capital Access program?

IBank’s Expanding Venture Capital Access program is designed to create a more inclusive venture capital ecosystem, by:

• Supporting underrepresented venture capital managers.
• Investing in underrepresented and under-served entrepreneurs and business owners.
• Investing in geographic areas that are socioeconomically disadvantaged or that receive very limited venture capital funding.
• Promoting climate equity and climate justice.

The Expanding Venture Capital Access program is funded through the State Small Business Credit Initiative (SSBCI 2.0) program, which was created through the federal American Rescue Plan Act of 2021 and will invest $200 million in venture capital (VC) funds and businesses in the state. $150 million of the funds will be invested in VC funds, and the balance directly to businesses.

FARM LOAN PROGRAM

IBank’s Small Business Finance Center features a Farm Loan Program that is designed to support direct loans to small farms in California through participating Corporations that are also approved lenders of the U.S. Department of Agriculture, Farm Services Agency (FSA) that guarantees up to 90% of those loans.