Learn More about CDFI's and Small Business Resources in California see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
ACCION San Diego
Bethany Square, LLC
BEYOND THE BOTTOM LINE, LLC
Big Pine Paiute Tribe
Chevron NMTC Fund, LLC
Clearinghouse CDFI, The
Comunidades Federal Credit Union
CT/KDF Community Development Partners, LLC
El Futuro Credit Union
Episcopal Community Federal Credit Union
Faith Based Federal Credit Union
Food Processors Credit Union
Genesis LA CDE, LLC
Housing Trust Fund of Santa Barbara County
Impact Community Capital CDE, LLC
Karuk Community Loan Fund, Inc.
KHC New Markets CDE, LLC
KO-AM Federal Credit Union
LA Charter School New Markets CDE
Los Angeles Development Fund
Los Angeles LDC, Inc.
Low Income Investment Fund
Lowe Economic Development Company, LLC
Mission Area Federal Credit Union
Mission Community Bancorp
San Luis Obispo
Mission Community Bank, N.A.
San Luis Obispo
National New Markets Fund, LLC
Neighborhood National Bank
New Markets Community Capital, LLC
NHS Neighborhood Lending Services
Northeast Community Federal Credit Union
Northern California Community Loan Fund
OneCalifornia Bancorp, Inc.
Opening Doors, Inc.
Pacific Community Ventures Investment Partners II, LLC
Pacific Community Ventures, Inc.
Pacoima Development Federal Credit Union
Lake View Terrace
Pasadena Development Corporation
Revolution Community Ventures, LLC
Rural Community Assistance Corporation
Santa Cruz Community Credit Union
TELACU Community Capital
Women"s Economic Ventures of Santa Barbara
Women"s Initiative for Self Employment
San Francisco, CA
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.