Tools for Small Business Owners
The CalCAP Americans with Disabilities Act Financing Program
The Americans with Disabilities Act of 1990 is a federal civil rights law that prohibits discrimination of individuals with disabilities and requires facilities to be accessible to individuals with disabilities. The CalCAP/ADA Financing Program can help small businesses finance the costs of becoming ADA compliant.
Borrower can submit a CASp Reimbursement Request Form to CPCFA which may be eligible for reimbursement, equal to up to 5% of the enrolled loan amount.
Costs to Enroll Loans in the Program
|Lender Portion of CalCAP/ADA Fee||2-3.5% of the loan amount|
|Small Business Owner Portion of the CalCAP/ADA Fee||Equal to the lender's portion|
|Other Loan Terms||All other loan terms and underwriting are determined by the lender|
|CalCAP/ADA Contribution to the Lender's Loan Loss Reserve (LLR) Account||4 times the lender's portion|
|Additional Contribution to the lender's Loan loss Reserve (LLR) Account for Severely Affected Community (SAC)||Equal to the lender's portion|