2017-05-18 / Business

Microloans made available to small biz

A new state program will provide microloans of up to $10,000 to help finance small businesses, officials announced last week.

The Jump Start program, which launched May 9, will make direct loans of $500 to $10,000 to small-business owners “to get them to the next milestone and continue on a path toward success,” said Panorea Avdis, director of the governor’s office of business and economic development, also known as GO-Biz.

Business owners can learn how to apply for a microloan by going to www.ibank.ca.gov and clicking on “Small Business Finance Center,” said GO-Biz spokesperson Stacy Cochran. Visit its website at www.business.ca.gov.

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