The $10 million San Joaquin County Revolving Loan Fund, administered by San Joaquin County Economic and Employment Development Department (EEDD), offers "gap" financing assistance to business owners or entrepreneurs in San Joaquin County. The loans made through the RLF are for working capital, equipment, leasehold improvements, and purchase of land and buildings to be used by the business. The RLF will take a subordinate position to conventional commercial lenders and SBA. The RLF will also consider loans with limited collateral and will offer terms for debt repayment. The RLF guidelines seek one job created or retained for each $20,000 of RLF dollars loaned.

• RLF loan packaging fees are waived for Enterprise Zone businesses.
• Businesses located within the Enterprise Zone receive a one-half percent interest rate reduction. Additional interest rate deductions are available if applicant is an export business or contracts to hire through the San Joaquin County Employment & Economic Development Department.
• Loans available from $25,000 to $1,000,000.
• Flexible repayment terms and no prepayment penalties.

SBA 504 Loans:
The Tracy/San Joaquin County Certified Development Corporation (CDC) is the authorized provider of SBA 504 financing in San Joaquin County. The CDC will waive the deposit requirement for Enterprise Zone businesses. With a 504 loan, you get long-term, fixed-rate financing at a reasonable interest rate. And the best news is that you typically contribute only 10%. A 504 loan is for the purchase and use of long-term fixed assets such as land, building, and/or certain equipment.

Enterprise Zone businesses have free access to many of

the services offered by the Small Business Development Center. These services include business plan writing assistance, consulting, mystery shopper/dinner programs, access to an SBA library, workshops, classes and more.