Business Financing


Funding to start or grow your business can be obtained through the following local banks.

Bank of America – Bank of Stockton – BBVAEl Dorado Savings BankOak Valley BankRabobankUmpqua BankUS BankWells Fargo Bank
West America Bank
– Yosemite Bank

 We also partner with the following alternative lenders.

Tuolumne County Revolving Loan FundAccess+Capital (Grow Tuolumne Fund)Success Capital

 


For larger projects we have the following specialized financing tools.

 

 Industrial Development Bond Financing

Industrial Development Bond (IDB) financing may be the most competitive financing option available for the acquisition of manufacturing facilities and equipment. IDBs provide a method for middle market manufacturers to access the private capital markets at tax-exempt rates. The IDB interest rate is significantly lower than bank financing because the interest paid to the investor is exempt from state and federal income tax, resulting in substantial savings to the borrower, depending on the amount financed. The IDB issuance process can be pursued concurrently with the bank credit approval process. The entire process can be easily completed within 90 days and from the borrower’s standpoint should not be much different than a conventional financing.

Industrial Development Bond Financing (CEDA)

Industrial Development Bond Financing (CIDFAC)

 

EB-5 Financing

Businesses looking for investment capital can use this unique funding opportunity to build their business in Tuolumne County. If the investment in a new commercial enterprise is made in a Targeted Employment Area (TEA) – which Tuolumne County is certified as one, the required investment is decreased to the $500,000 investment level.This program provides valuable foreign investment for your business.

Northern California Regional Center (a regional EB-5)