Financing Your Business

The Monterey Bay Region offers a variety of financing and incentive options for existing and start-up businesses. Federal government agencies, such as the Small Business Administration (SBA), are a great loan resource for any new or expanding business, and local non-profits established for the main purpose of funding local ventures and entrepreneurs are helping hundreds of local companies each year. Learn more about the financing options in the Monterey Bay region below.

Angels by the Sea
Angels by the Sea LLC is a member-led organization in Santa Cruz, committed to finding, funding, and mentoring great young companies, from initial presentation through a successful exit. The Angels by the Sea members are individual investors who provide seed funding for startups or entrepreneurs in the Santa Cruz area, in return for ownership equity or debt repayment. 

California Coastal Rural Development Corporation
This nonprofit lender helps set up SBA loans, microloans, Monterey County revolving loans and other financing (from $5,000 to $5 million) for small businesses and farmers in under-served communities.

Central Coast Angels
Central Coast Angels was founded in 2013 by a group of successful entrepreneurs who share a love for the California Central Coast region and a vision of increased opportunity for the people who live here.  They provide early-stage financing to high growth technology, genomics, marine science, agtech, and food companies who are building businesses located in the region.

Green Monterey Bay
A successful partnership of environmental agencies, utilities and nonprofit organizations that assist, recognize and promote businesses and government agencies that volunteer to operate in a more environmentally responsible way. This program and the Santa Cruz Green Business Program are linked together in a common effort for each respective area.

Keiretsu Forum Pebble Beach 
Formed in 2016, the Pebble Beach chapter is located in an area rich in natural resources and beauty. The area is considered by many as a working definition of paradise. Forum members provide early-stage capital in the range of $250K-$2m. Keiretsu Forum is not a fund and does not invest as a LLC. Members collaborate in the due diligence process, but make individual investment decisions.

Opportunity Fund
Opportunity Fund offers micro-financing, including loans of up to $100,000, to small businesses – particularly low-income and under-represented groups that tend to have less access to capital. It assists Monterey and Santa Cruz counties, aiming to provide 100 microloans in the area within the next two years.

Pacific Community Ventures
PCV matches entrepreneurs with pro bono business advisors across a range of disciplines: marketing, sales, production, finance, strategy, and operations. The goal of the program is to access outstanding expertise  and a new network to grow your business. Matches are made online through PCV's businessadvising.org website. 

SBA Loans and Grants
SBA offers a variety of loan programs for very specific purposes. Federal, state and local governments offer a wide range of financing programs to help small businesses start and grow their operations.

Small Business Development Centers: There are two SBDCs in the Monterey Bay Region
Small Business Development Center hosted by CSU Monterey Bay
Small Business Development Center hosted by Cabrillo College.
The SBDCs are funded through a mix of public and private sources, and provide resources on starting up, marketing and financing a new business, including topic-specific workshops and help with federally backed SBA loans.