The California Financial Opportunities Roundtable (CalFOR), Davis has released their new guidebook, Access to Capital, providing a one-stop-shop resource for anyone seeking capital, ranging from aspiring entrepreneurs and small business owners to policy-makers and financial institutions.
"This guidebook is a valuable tool for California's rural businesses, entrepreneurs and communities containing comprehensive information they need to thrive, grow and create jobs," says USDA Rural Development State Director Glenda Humiston. "We are a proud contributor to CalFOR's efforts to support a strong California economy."
Throughout its pages Access to Capital provides straightforward descriptions of a wide variety of tools and programs available to access capital, along with specific examples of how they have been utilized and links to websites for in-depth information. In addition, recommendations to improve accessibility or usefulness of programs are also included.
CalFOR is comprised of a group of nearly 90 experts and activists representing large banks, small financial institutions, wealth advisors, fund managers, the business community, and economic development organizations as well as local, state and federal government agencies. Through their efforts, members discovered that a wide variety of options to access capital already exist, but that few people are aware of the many opportunities and assistance available. This guidebook was developed as a result.
The 110-page report is available here.
USDA, through its Rural Development mission area, has an active portfolio of more than $172 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.