Terms & Eligibility

To be eligible for a Working Solutions Loan, applicant(s) must:

• Be at least 18 years of age;

• Have a business located in California (or a plan to locate in California, if the business is a start-up) AND be a California resident;

• Have at least 1 year of demonstrated same-industry experience in an eligible industry;

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

  • Note that loans to ITIN holders follow the same lending guidelines, but additional documents may be requested.

Applicant(s) must:

• Be current on all personal and business debt;

• Have no active liens or judgements;

• Have no bankruptcy (either active or discharged) within the last 12 months; and

• Have secondary source of income (if start-up).

Ineligible industries include:

• Nonprofits

• Cannabis

• Services of a prurient nature

• Passive real estate investment

• Gambling

• Lending/Banking

Restricted industries (which require additional review) include:

• Smoke shops

• Liquor stores

• Manufacturing, sale, services, or distribution of weapons and firearms