State Small Business Credit Initiative Technical Assistance for Capital Readiness Program 2023: Capital Readiness Coaches

As part of CalOSBA’s commitment to Governor Newsom’s California for ALL, the office will also incorporate separate, complimentary, and competitive funding categories to support the success of California’s SSBCI TA Grant Program and reach as many targeted businesses and individuals as possible throughout the business lifecycle. Central to the design of the California Technical Assistance for Capital Readiness Program is the desire to create multiple avenues for navigation of the many sources of capital available to small businesses, to address barriers to capital access, data driven assessment of the of the needs of eligible beneficiaries in California, as well as to up level the breadth and quality of the technical assistance services offered to the state’s small businesses applying for, preparing to apply for, or previously applied for an SSBCI capital program or other federal or other jurisdiction small business program. The Program will utilize a mesh network that provides varying levels of technical assistance navigators to meet entrepreneurs and small businesses where they are. TA programs and services shall be guided by an individualized TA plan and consist of high touch, one-on-one coaching to support the small business owner in preparing for access to capital (pre-funding and post-funding). Sub-recipients of SSBCI TA funds may provide small group learnings, online learning platforms, and seminars to complement one-on-one coaching, especially when creating efficiencies in meeting the shared needs of small business owners engaged with the Program. Program applicants are responsible for building a pipeline of eligible businesses for California’s SSBCI capital programs including but not limited to the Loan Guarantee program, which is deployed through iBank, CPCFA, and Community Development Finance Institutions, and the Expanding Venture Capital Access Program. The mesh network includes Capital Readiness Coaches, Capital Readiness Network Manager, Capital Providers, Equity Advisors, and Technical Assistance Training Partners. Review full program details here. Application Portal will be available on November 30, 2023 here.

Eligibility

• Programs related to building

Award details

Applications close on December 22, 2023.

Categories

Community Economic