The Finance Fund Capital Corporation (FCAP) has opened a second round of loan funding to support small businesses impacted by the coronavirus pandemic.
Funding comes from Wells Fargo’s new Open for Business Fund, a nationwide recovery effort from the bank focused on increasing access to capital, technical expertise, and long term resiliency programs.
FCAP will accept and review applications on a rolling basis, with loan amounts not to exceed $150,000.
Eligible businesses include organizations that are existing and operating, or that stopped operating in response to difficulties created by the pandemic. Startups are not eligible to apply. FCAP strongly encourages women business owners and entrepreneurs of color to apply.
Additional details and the FCAP loan application can be found at financefund.org/funding-programs/COVID-19.