SCALE Program
Small businesses who receive a small business loan or other financing
- Are 54% more likely to qualify for future business loans
- Are 54% more likely to survive
- Increase their sales by an average of 41%
Whatever stage of business you are in, capital is part of your journey. Are you ready to begin your capital readiness journey?
SCALE: Success, Capital Access and Leadership for Entrepreneurs
was created by the California Office of the Small Business Advocate (CalOSBA) to help California’s diverse small businesses across the state access more resources to start up, grow, and create jobs.
Prosperity Lab is proud to participate in the SCALE Program as a resource partner.
How We Will Help You In This Initiative
Prosperity Lab is honored to participate in this program as a resource partner, working to ensure underserved small businesses, including businesses run by women, people of color, people with disabilities, and veterans, as well as businesses in low-to-moderate-wealth, rural, or disaster-impacted communities, are ready to access this funding. This work will include
- Webinar & In-Person Training
- Media Activities
- Connect You to Resources
Funding for this $25.3 million Program comes from the U.S. Treasury’s State Small Business Credit Initiative (SSBCI), which was created by the U.S. Congress in 2010 and reauthorized through the American Rescue Plan Act of 2021. Additionally, it will support the deployment of $1.1 billion in federal funding separately approved for capital support programs from the California Infrastructure and Economic Development Bank (IBank) and the California Pollution Control Financing Authority. Lenders across the state are expected to leverage the $1.1 billion in funding for existing capital support programs into $18 billion in new loans for small businesses.
This project is being supported, in whole or in part, by a subaward made under federal award number SSBCI-21031-0018 awarded to the California Office of the Small Business Advocate (CalOSBA) by the U.S. Department of the Treasury.
