We are celebrating 40 years of serving small businesses,” says Deborah Lowe Muramoto, president and CEO of California Capital Financial Development Corporation. “As a Community Development Financial Institution (CDFI), we dedicate 51-plus percent of funds to programs that address the business development and access to capital needs of small and microenterprise businesses in underserved and disinvested communities.”
California Capital hosts over two dozen programs throughout 30 Northern California counties. Since 1982, the nonprofit has provided no-cost business training, counseling and access to capital for entrepreneurs and small businesses. With a mission to offer a wide range of flexible financial products and services to increase opportunities for historically underserved populations, California Capital’s programs are designed to meet the needs of all the communities they serve.
This is achieved through California Capital’s Women’s Business Center, Sacramento Valley Small Business Development Center, APEX Accelerator, State Small Business Loan Guarantee Program and Direct Microenterprise Lending Programs. “The impact of our programs is most evident in the success of the entrepreneurs we serve,” Muramoto says.
This includes Janine Anderson, whose Build a Sundae ice cream shop was designed to give young people on-the-job employment experience. When starting, Janine found assistance, encouragement and success through California Capital’s Women’s Business Center, which helped her to secure a lease, create financial projections and book opening events.
Since 1982, we’ve served Sacramento Region’s diverse small businesses. We’re proud of our 2022 Economic Impacts:
- 3895 entrepreneurs counseled
- 104 business starts
- 12,000 jobs supported
- $34,000,000 in access to capital
Hayden Glenn and Sarah Serbic launched Queers & Allies Fitness with a mission to connect the LGBTQ community and supporters through fitness. To launch, the business sought help from California Capital’s Lending Center. Glenn solidified a business plan, created financial projections and applied for their loan. Ultimately, Queers & Allies Fitness received funding and celebrated their grand opening in December 2022.
“We are grateful to be a part of Sacramento’s small business ecosystem and excited to increase our capacity to serve the region’s ambitious entrepreneurs. We would also like to acknowledge the generous support of so many organizations like the City of Sacramento, which make it possible for us to serve these entrepreneurs,” concludes Muramoto.