State Fund Provides $4.3M for South Bay Small Business Owners

The Santa Clara County Board of Supervisors has authorized $4.3 million to support South Bay business owners through the California Rebuilding Fund. The program offers low-interest, fixed-rate loans up to $100,000 and free business coaching to businesses with 50 or fewer full-time employees. Santa Clara County small businesses are eligible to apply for the funds immediately.

“Santa Clara County is known for ingenuity and entrepreneurship, but with interest rates up, a lot of our small business owners are struggling to find the funds they need to keep the doors open,” said Santa Clara County Supervisor Joe Simitian. “This $4.3 million in funding is a big boost for our small businesses and the folks they employ.”

A public-private partnership created in 2020 to help California small businesses build back from the pandemic, the California Rebuilding Fund has distributed nearly $80 million in funding to approximately 1,300 businesses in the state.