When turning ideas into thriving enterprises, having sufficient capital is the key to unlocking doors of opportunity. This is true whether you’re fresh out of a startup and seeking to expand operations, or just a one-person show looking to set up shop.
Ventura County understands this pivotal need and ensures that businesses, big and small, have the financial wind beneath their wings.
Roads to Funding
Capital is not just about funds—it’s about fueling dreams, mitigating risks, and scaling growth. Here are some pathways that entrepreneurs can explore to fuel their ambitions:
- EDC Loan Programs cater to a range of businesses, providing loans with competitive terms to foster innovation and expansion. Explore their programs.
- WEV Business Funding stands as a beacon for startups and established businesses alike, presenting tailored financial solutions. Discover funding opportunities here.
- The Recycling Development Market Zone focuses on green enterprises, offering incentives to businesses that prioritize sustainability. Learn about its advantages.
- California Competes offers attractive tax credits for businesses willing to commit to state goals of economic enrichment. More info here.
Where to Start
The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) supports California’s mission to provide financial incentives to cutting-edge companies by offering a sales and use tax (STE) exclusion to manufacturers that promote alternative energy and advanced transportation.
A partial exemption from sales and use tax on the purchase or lease of qualified machinery and equipment primarily used in manufacturing, research and development, and electric power generation or production, storage or distribution.
The California Association for Local Economic Development (CALED) established the California Enterprise Development Authority (CEDA), a Joint Powers Authority (JPA), to address gaps in Economic Development financing. Specifically, CEDA’s goal is to issue industrial development bonds (IDBs) for small- to medium-sized California manufacturers.
The EDC offers a variety of targeted lending opportunities through four distinct loan programs: the Business Development Loan Fund, Childcare Investment Loan Fund, City of Ventura Business Assistance Loan Fund and the Disaster Loan Fund. The purpose of the EDC loan program is to stimulate job creation and economic activity by providing access to affordable capital.
The ETP program helps to ensure that California businesses will have the skilled workers they need to remain competitive. ETP reimburses the cost of employer-driven training for incumbent workers and funds the type of training needed by unemployed workers to re-enter the workforce.
This credit is based on the federal research credit, with modifications. You may qualify for this credit if you engaged in qualified research activities in California.
A US Foreign Trade Zone (FTZ) is a secure area located at or near a US port of entry that is considered outside of US Customs Territory. The FTZ program was created by Congress in 1934 to stimulate growth by deferring, reducing or eliminating custom duties.
Government agencies issue bonds to finance a variety of economic or public development projects for private and public entities. When investors purchase bonds, they essentially lend money to the borrower through the issuer. In return for the bond proceeds, the borrower promises to pay the investors/bondholders the principal amount plus a specified rate of interest over the life of the bonds based on the bonds debt service payment schedule.
Westlake Village BioPartners brings Silicon Valley access and experience to Los Angeles, an emerging biotech community that is fresh, unorthodox and exciting.
The SBA helps set guidelines for loans and reduces risk for lenders, allowing more lenders to provide small business loans. Loans guaranteed by the SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital.