California Capital Financial Development Corporation
C
alifornia Capital Financial program. California Capital’s programs
Development Corporation, a are designed to benefit all communities,
Sacramento-based nonprofit and their Bilingual Business Forums have
Community Development Financial offered business education and resources in
Institution, offers more than two-dozen 11 languages.
programs and services throughout 29
Northern California counties. For 38
years, the organization has provided
business training, resources, counseling,
and access to capital for entrepreneurs
and small businesses.
Small and microenterprise businesses are
our community’s mainstay — creating jobs
and fostering economic growth and vitality
through wealth and asset development
in our neighborhoods. But these are the
businesses that will face the greatest
“As a CDFI since 2002, over 51 percent of challenges as a result of the COVID-19
our assets are invested in programs and pandemic. “Our work is so important
services that benefit low- to moderate- because small businesses will be the most
income communities,” explains Deborah heavily impacted. They must have access
Lowe Muramoto, president and CEO. to capacity building and access to capital
It is the integrity of their programs that programs and resources to help them foster
has allowed California Capital to build
a continuum of services that includes a
Women’s Business Center, Procurement
this very difficult time, and know they have
the support to help them as they rebuild,”
Technical Assistance Center and Access to Capital programs that include the This work cannot be done without the
state Small Business Loan Guarantee and support of financial institutions like Wells
Microlending programs, satisfying the Fargo that provide California Capital
unmet credits needs of small businesses. with support to ensure that very small
Gov. Gavin Newsom recently announced a and microenterprise businesses get
$50 million Disaster Relief Loan Guarantee the resources and financing they need.
Program to assist small businesses affected “We’re grateful to Wells Fargo for their
by the COVID-19 pandemic. California commitment to our programs, clients and
Capital will assist in administering the the community,” Lowe Muramoto says.
comstocksmag.com | May 2020
— KEVIN BARRI
”
President | Wells Fargo, Capital Foothills
resiliency, helping them stay afloat during
Lowe Muramoto says.
12
“
“California Capital has been an
important economic engine in
the 29 county area it supports,
including greater Sacramento,”
says Kevin Barri, Wells Fargo
Capital Foothills region bank
president. “The organization
has provided loans to small
business owners who may not
otherwise have access to the
resources needed to start or
grow their business. We are
fortunate to count on such a
strong, community-minded
organization and we are proud
to support it.”
Profile Sponsored By
“Capital and Capacity to Serve Communities”
1792 Tribute Rd., Suite 270
Sacramento, CA 95815
916.442.1729
cacapital.org
SPONSORED PROFILE