California Celebrates Its Own Business Loan Marketplace and Partnership With State-Backed Revenue Based Financing Providers
The California Infrastructure and Economic Development Bank (IBank), a state government agency and capital access bank housed within the Governor’s Office of Business and Economic Development (GO-Biz), announced that it had surpassed $5 million in small business loans through its California loan match website.
“The platform is unique in that every lender is enrolled to use California IBank’s Small Business Loan Guarantees, a state-government program that reduces lending risk for financial institutions that want to serve small businesses,” the State agency says.
That includes revenue-based financing providers. Back in January, deBanked discovered one, but that number has grown. Among the 30 lender partners listed, at least three offer revenue based financing in their product suite: AltCap California, Capital Impact Partners, and Mission Driven Finance.
AltCap California
Every agreement is unique.
- Loans up to $500,000—typically sized at up to one-third of the previous year’s revenue.
- Monthly loan payments tied to monthly revenue—up to 8% of sales.
- Total repaid: 1.4 to 1.5 times the original loan amount.
- Borrower has up to 7 years to repay the loan.
- Either no personal guarantee OR no collateral required.
Capital Impact Partners
Revenue Share Mezzanine Debt
Unsecured mezzanine debt whereby businesses pay a percentage of revenues and interest.
Criteria
- Minimum revenue: $4 million+
- Positive cash balance
Terms
- Investment amount: $1–$15 million
- No collateral or personal guarantees
- Variable revenue share payment + fixed interest payment
- Use of proceeds: growth or acquisition capital
- 3–5 year term with set maturity date
Mission Driven Finance
Revenue-based and Islamic financing available.
“The Small Business Loan Match tool narrows the confusing array of lending options for small business owners,” said Andy Nakahata, IBank Executive Director in the announcement. “By tailoring matches to lenders that can choose to use IBank’s Small Business Loan Guarantee Program, we’re reducing barriers small businesses often encounter when searching for loans. We’re thrilled to celebrate California small businesses accessing $5 million to move their businesses into the future.”
Last modified: November 10, 2026
