The American Dream is alive and well in Tulare County. We're here to give you a lift when you're having trouble reaching it.
THE BRIDGE TO SUCCESS
The Bridge Loan Fund, a pilot program, revitalizes the community by launching new businesses, creating jobs, and providing emergency funds to residents. The goal of the Bridge Loan Fund Program is to bring emergency financing to residents of Tulare and Kings County by assisting aspiring entrepreneurs with working capital to start a small business.
Funds are dispersed directly to vendors for small business startup and/or emergency purposes, and not directly to the borrowers themselves. Interest rates are set at 4%, with no application or processing fees, and no pre-payment penalties. Business management and planning workshops, individual counseling, and assistance preparing loan packages are available for all program participants.
The Bridge Loan Program helps local entrepreneurs achieve their business goals in industries including, but not limited to:
- Landscaping Business
- Automotive Repair
- Beauty Salons/Barber Shops
- Home Day Care
- Tax Services
EMERGENCY SITUATION EXAMPLES
Examples below may be included, but are not limited to:
- Unexpected medical bills
- Isolated incidents of inability to pay rent
- Unforeseen car repairs
- Unexpected repairs such as air conditioning, furnace or utility bill
Applicants and prospective entrepreneurs are eligible to receive a free financial literacy course if the amount requested is above $750 and to apply for low-cost financing if they meet ALL of the following requirements:
- Income Eligibility
- See Chart
- Geographic Eligibility
- Must reside or plan to open a business located in Tulare or Kings County
**Other eligibility requirements may apply
Funding for the Bridge Loan Fund program is generously provided by Wells Fargo Bank.