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

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. 


Inside The Story

California Rebuilding Fund

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Financing
  • ◦Policy/Gov't