Got Cash?

Back Article Jul 24, 2018

There is no one-size-fits-all approach to funding your business venture. Here are just a few of the resources available in the Capital Region:

Stockton Impact Corps: offers small loans up to qualified persons owning or seeking to start a small business in San Joaquin County. Typically, SIC clients are unable to get a loan from a traditional lender.

U.S. Small Business Administration: SBA 7(a) offers up to $5 million per person for startup costs, while the SBA’s 504 Loan Program offers funding for specific purchases.

Calling All Dreamers: annual competition organized by the Downtown Sacramento Partnership since 2013, with the winning business receiving a prize valued at more than $100,000 including up to $10,000 in matching capital to open the business.

Social Venture Partners Fast Pitch: annual competition and mentorship program specifically for nonprofits. Each year the contest awards $20,000 in cash awards. In 2018, an additional $100,000 was raised at the pitchfest in addition to $110,000 in in-kind services.

Rapid Acceleration, Innovation, and Leadership: launched by the Sacramento Mayor’s Office of Innovation, the program offered startups $1 million in grants up to $100,000 in its first year, adding matching grants up to $250,000 in 2018.

Blacktop Capital: a Rocklin-based seed-stage venture capital firm with an additional office in Los Angeles.

Impact Venture Capital: a Sacramento-based early-stage venture capital firm investing in technology startups working in civic tech, cyber security, financial tech, big data, telecoms and media.  

Moneta Ventures: Folsom-based venture capital firm investing in early stage companies in the enterprise technology, health care and internet/consumer application sectors.

Sacramento Angels: angel investment group which accepts applications from Northern California entrepreneurs needing less than $2 million.

We know there are more resources out there. Tweet us with the ones we missed @comstocksmag

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