California Lending for Energy and Environmental Needs (CLEEN) Center
The CLEEN Center provides direct public financing to Municipalities, Universities, Schools and Hospitals
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The ISRF Program provides low-cost financing to public agencies and non-profit corporations sponsored by public agencies for a wide range of projects; including those that serve industrial, recreational, research, commercial, utility, community, educational, cultural, or social welfare purposes, as well as service enterprise facilities, excluding income housing.
ISRF Program funding is available in amounts ranging from $50,000 to $25 million, with loan terms for the useful life of the project up to a maximum of 30 years.
The CLEEN Center provides direct public financing to Municipalities, Universities, Schools and Hospitals (MUSH borrowers) to help meet help meet the State's goals for greenhouse gas reduction, water conservation, and environmental preservation. The CLEEN Center offers two programs, the Statewide Energy Efficiency Program (SWEEP) and the Light Emitting Diode Street Lighting Program (LED). Financing can be through a direct loan from IBank or publicly offered tax-exempt bonds in amounts from $500 thousand to $30 million. Programs include:
- Statewide Energy Efficiency Program (SWEEP)
SWEEP provides low-cost financing to State and local governments for approved energy efficiency projects.
- Light Emitting Diode (LED) Street Lighting Program
The LED Program provides low-cost financing to State and local governments for the installation of LED street lights.
The SBFC helps small businesses and farms gain access to capital to create and retain jobs, while encouraging investment in low-to-moderate income communities.
- Jump Start Loan
The Jump Start Loan Program (Jump Start) helps small businesses in low-wealth communities start, grow, and thrive. Jump Start provides microloans, technical assistance and financial literacy training.
- California Small Business Loan Guarantee Program (SBLGP)
The SBLGP provides repayment guarantees to lenders that provide financing to small businesses that experience capital access barriers. The guarantees are issued by non-profit Financial Development Corporations. Non-profit Financial Development Corporations issue the loan guarantees by partnering with community banks. Businesses can use the funds for start-up costs, working capital, inventory, and other needs.
- Farm Loan Program
The Farm Loan Program supports direct loans of up to $1,399,000 to small farms for purchase, operating costs and other expenses.
Tax-exempt and taxable conduit revenue bond financing is available.
- 501(c)(3) Bonds
Tax-exempt financing to eligible nonprofit public benefit corporations for the acquisition and/or improvement of facilities and capital assets. Typical borrowers include cultural, charitable and recreational organizations, research institutes and other types of organizations that provide public benefits.
- Industrial Development Bonds (IDBs)
Tax-exempt financing up to $10 million for qualified manufacturing and processing companies for the construction or acquisition of facilities and equipment. IDBs allow private companies to borrow at low interest rates normally reserved for state and local governmental entities.
- Exempt Facility Bonds
Tax-exempt financing for projects that are government-owned or consist of private improvements within publicly-owned facilities, such as private airline improvements at publicly-owned airports.
- Public Agency Revenue Bonds (PARBs)
Bond financing to provide financial support for various State entities and programs.