California State Loan Guarantee Programs are designed to assist borrowers in California that cannot yet qualify for an unguaranteed bank loan. Potential loan recipients must offer reasonable proof of their ability to repay the loan. The maximum amount is $500,000 for each borrower.
For more information, contact GBCIB.
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Calnetix is a company that focuses on development and production of energy efficient motors and generators. We have a global presence with over 1/2 of our business being reliant on export markets.
We have worked with GBC International Bank for nearly 5 years now and they have enabled us to tap markets that we might not otherwise have entered.
Specifically, their Ex-Im Bank credit line is a very valuable source of financing for our export business. We are able to leverage use of the line to grow our business and stay on top of cash flow needs at the same time on a project-by-project basis ("transaction specific" financing) or through a revolving line.
