A Billion Dollars Coming to California Small Businesses

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The state is getting more support for small businesses. A federal program provided $168-million back in 2010 and another one-billion is on the way. Funds are coming from the U.S. Treasury’s State Small Business Credit Initiative. Just like last time, the money will cover up to 80-percent of loans. This is part of a new program designed to create a more-inclusive venture capital ecosystem. Governor Newsom says it will give more people a shot at the California Dream.