A core focus of the Statewide LPP will be delivering short-term lines of credit to small businesses which need immediate working capital. These products are especially vital for VSB (very small business, defined as nine or fewer employees, including owners) and SEDI (socially and economically disadvantaged individual, as defined by SSBCI guidelines) borrowers facing cash flow gaps, contract mobilization needs, or urgent payroll demands—ensuring timely access to capital that supports business continuity and growth.
The Statewide LPP will support eligible loans starting at $100k, which will also strategically focus on historically underserved businesses seeking to expand through larger public contracts and business opportunities. Many of these firms require $250K–$500K lines of credit to bridge funding gaps tied to bonding, mobilization, and payroll. In addition, firms need access to larger loans ($1-$5M and above) for long-term strategies.
Currently, depository banks headquartered in California can participate. Eligible lenders interested enrolling in the program can reach CCA at connect@teamcca.com.
Eligible lenders can access the Statewide LPP through this website: https://www.ccalpp.com/