Eligibility Requirements

To be eligible to Apply for a Working Solutions Loan:

1. Business must be located in California (or plan to locate in California, if the business is a start-up).

2. All applicants* must meet the following criteria:

   • Be at least 18 years of age;

   • Have a Social Security Number (SSN) or Individual Tax Identification Number (ITIN), regardless of citizenship, residency, or documented status;

   • Have no past due accounts, active tax liens, or civil judgements; and

   • Have no bankruptcy (either active or discharged) within the last 12 months.
     
     *Anyone with 20% or more ownership stake in the business will be asked to submit information to verify eligibility.
     
     

3. At least one business owner (with 20% or more ownership stake) must:

   • Reside in California;

   • Have at least 1 year of demonstrated same-industry experience; and

   • Have a secondary source of income (if the business is a start-up).

Industry Restrictions (CLICK TO EXPAND)