INDUSTRIAL DEVELOPMENT BONDS
Job-generating manufacturers citywide are eligible for $500,000 to $10 million
in financing as well as state and federal tax exemptions for any loans below
commercial market rates. San Jose Office of Economic Development: 408.535.8181
website: www.sjeconomy.com
LENDERS FOR COMMUNITY DEVELOPMENT (LCD)
AVAILABLE IN SANTA CLARA AND SAN MATEO COUNTIES
Lenders for Community Development offers small businesses
loans of up to $200,000 and lines of credit up to $15,000
(LCD charges market rates of interest on loans). LCD also
provides no-cost technical assistance.
Lenders for Community Development: 408.297.0204
website: www.l4cd.com
RECYCLING MARKET DEVELOPMENT ZONE
San Jose manufacturers using recycled feedstock (glass, paper, plastic, used tires, etc.) may be eligible for low-interest state loans up to $2 million and technical, marketing and location assistance.
San Jose Environmental Services Department: 408.535.8550
website: www.sanjoseca.gov/esd/
REVOLVING LOAN FUND (RLF)
Small businesses located in San Jose which retain or generate
jobs are eligible for RLF loans which range from $5,000 to
$40,000 (RLF charges interest of 8% on loans). RLF funds can
be used for equipment, inventory, furniture and fixtures,
and working capital. Tenant Improvements can sometimes be
funded. The RLF is not intended to finance mortgage loans.
San Jose Office of Economic Development: 408.535.8181
website: www.sjeconomy.com
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