What is Nor-Cal FDC?
Established in 1978, Nor-Cal FDC is a dedicated entity focused on empowering small businesses across California through robust loan guarantee programs. The organization acts as a crucial intermediary, encouraging lending partners to extend credit to businesses that might otherwise face financing hurdles. By prioritizing job creation and retention, Nor-Cal FDC plays an instrumental role in fostering economic vitality. Their strategic approach involves tailored loan programs and partnerships designed to unlock essential capital for business inception, development, and expansion, thereby dismantling financial barriers to success.
How much funding has Nor-Cal FDC raised?
Nor-Cal FDC has raised a total of $22K across 1 funding round:
Debt
$22K
Debt (2021): $22K with participation from PPP
Key Investors in Nor-Cal FDC
PPP
Public-Private Partnership
What's next for Nor-Cal FDC?
With the recent substantial expansion capital, Nor-Cal FDC is poised to amplify its impact on the small business ecosystem. This strategic investment is expected to enhance their capacity to guarantee loans, thereby enabling more businesses to access the financing necessary for scaling operations, creating new employment opportunities, and driving economic growth within California. The company's continued focus on overcoming financial obstacles for underserved businesses suggests a trajectory aimed at deepening its market penetration and solidifying its position as a key facilitator of small business prosperity.
See full Nor-Cal FDC company page
