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California Capital Access Program (CalCAP) Electric Vehicle Charging Station (EVCS) Financing Program

🏛 State Treasurer's Office (California)

⏰ Deadline
Mar 31, 2022 ⚠ passed
📊 Total program funding
$2M
📍 Scope
State
📨 Letter of Intent
No
💵 Disbursement
Advances & Reimbursement(s)

Can you apply?

This grant is for small businesses in California seeking to finance electric vehicle charging station (EVCS) installation and equipment. Applicants must work through participating financial institutions that are enrolled in the California Capital Access Program (CalCAP). Borrowers can receive loan enrollment in the program with potential 10-15% rebates and up to 100% default coverage. Maximum loan enrollment is $500,000 per project.

Eligible applicants
Check your eligibility — what type of organization are you?

This grant is for small businesses in California seeking to finance electric vehicle charging station (EVCS) installation and equipment. Applicants must work through participating financial institutions that are enrolled in the California Capital Access Program (CalCAP). Borrowers can receive loan enrollment in the program with potential 10-15% rebates and up to 100% default coverage. Maximum loan enrollment is $500,000 per project.

Program description

Loans in this program must be used for the design, development, purchase, and/or installation of electric vehicle charging stations at small business locations in California. Borrowers may be eligible to receive a rebate of 10-15% of the enrolled loan amount. Loans enrolled in the program may receive up to 100% coverage in case of defaults.Maximum loan enrollment amount is $500,000.00.CPCFA does not work directly with borrowers to apply for financing, applicants mus apply through participating financial institutions. https://www.treasurer.ca.gov/cpcfa/calcap/evcs/lenders.pdfThe total number of loans enrolled (2015-2019) is 2, with an average loan amount of $255,562.00.

Who can apply

Eligible applicants

Details

This grant is for small businesses in California seeking to finance electric vehicle charging station (EVCS) installation and equipment. Applicants must work through participating financial institutions that are enrolled in the California Capital Access Program (CalCAP). Borrowers can receive loan enrollment in the program with potential 10-15% rebates and up to 100% default coverage. Maximum loan enrollment is $500,000 per project.

How to apply

Application links

Program contact

Funding track record

Past applications & awards under this program (California Grants Portal) — how competitive it is.

0
applications
0
awarded
award rate
1
years tracked

By fiscal year

Fiscal yearApplicationsAwardedAward rate
2021-2022

Source: California Grants Portal

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