California Capital Access Program (CalCAP)

 

Small Business Financial Assistance Program Loans up to $2.5 million
can be included in the CalCAP portfolio Program.


How the CalCAP program benefits you and Crossroads:

calcap ticker

 

 

Freightliner Day Cab CalCAP

  • CalCAP offers Crossroads a mechanism to provide loans to small businesses that may not otherwise be able to get a loan. With CalCAP's portfolio insurance, Crossroads is able to cover portions of loans that exceed the risk threshold normally set for most business loans. CalCAP's flexibility includes:

    • With very few exclusions, virtually any business loan is eligible under CalCAP.

    • CalCAP provides insurance to Crossroads' portfolio of loans. Funds are placed in a loss reserve account as each CalCAP loan is enrolled.

    • CalCAP allows Crossroads to cover loans beyond its conventional risk threshold whether it is for all of a loan or only a portion.

    • Crossroads can restructure loans by extending the terms of CalCAP loans, amending covenants or releasing collateral.

Company Qualifications:

  • 100 or less employees

  • 10 or less trucks. If a company has 10 trucks they can qualify for one more loan under this program for as many trucks as they want up to the ceiling of $2,500,000 in total loans.

  • $10 million or less in revenue (this is an average of the last three years).

  • May be located out of the state of California, but must conduct more than 50% of their business in California.

  • $2,500,000 limit per customer in three year period.

Truck Funding

Truck Qualifications:

  • Must be on road

  • 14,000 lbs or greater

  • 2007 engine compliant in California

  • Can be used with Proposition 1B grant funds

  • VIP – Voucher program can be used in conjunction

  • Types of trucks

    • Tractors

    • Yard Goats (is considered on road)

    • Tow Trucks

    • Transfers

Bus Funding


Bus Qualifications:

  • Must be on road

  • 14,000 lbs or greater

  • 2007 engine compliant in California

  • Can be used with Proposition 1B grant funds

  • VIP – Voucher program can be used in conjunction.


Trailer funding Trailer Qualifications:

  • 53 feet or longer can be enrolled if purchased in conjunction with a 2007 compliant engine

  • Types

    • Regular box

    • Car carrier

    • Refrigerated unit

    • Liquid tanker

For more information contact a Crossroads' representative,

or visit the State's website at:

http://www.arb.ca.gov/msprog/truckstop/funding/loans_fa.htm


 


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