Business Financing Programs
Placer County Economic Development Revolving Loan Fund
With financing through the Community Development Block Grant Program (CDBG), Placer County is offering a loan fund designed to assist businesses within the county. The goal of the fund is to stimulate economic growth and create or preserve jobs by providing flexible financing to businesses. A primary requirement of this program is that at least 51% of the jobs created as a result of the loan be filled by low income individuals. The fund is designed to be used along with other financing/funds including bank loans, Small Business Administration financing, equity, and other sources. The Redevelopment Agency will work with businesses to determine if they're eligible, help with preparing the loan package, and assist business applicants throughout the loan process.
Loans are from $10,000 to $100,000 and larger loans will be considered on a case by case basis. The size of the loan is based upon the number of jobs created and/or retained as a result. Loan terms are up to 20 years, with interest rates set on a case by case basis. For more information and an application please at 530-745-3150. For more information on business in Placer County please contact Economic Development.
Redevelopment Area Assistance - Business Improvements Programs (BIP)
The Agency offers grants and loans from local property tax increment funds. These funds are available only in Tahoe City, Tahoe Vista, Kings Beach, Bowman, along the Highway 49 corridor, and in the Sunset Industrial Area. Further information is available:
Redevelopment Agency Project Areas
Email the Redevelopment Agency