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Capital Access Loan Guaranty Program
City seeking lenders who make small and micro business loans to businesses in the City with 100 or fewer employees. Through the Capital Access Program, is trying to increase lending to small and micro businesses and is willing to guaranty a portion of the loan principal in return for lenders agreeing to expand their underwriting criteria and/or offer more flexible loan terms to borrowers. Approximately $2MM in guaranty funding is expected to be available. As the initial loans mature, city expects to re-use the guaranty capital to guaranty additional loans.
