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Based on “Press Release”.

RCAC receives $2 million investment from The Schmidt Family Foundation

West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) received a $2 million investment from The Schmidt Family Foundation to support California borrowers during the ongoing COVID-19 crisis. The funds will be used to advance loans to small businesses under the Paycheck Protection Program (PPP), which will help them continue to pay their employees.

Olamina Fund provides$3 million investment for COVID-19 relief

West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) received a $3 million investment from the Olamina Fund to be used for Paycheck Protection Program (PPP) loan advances. RCAC will deploy the funds to support small businesses operating in California.

Biomass Utilization Fund has $17 million to finance Tuolumne County businesses

The Department of Housing and Community Development (HCD), Rural Community Assistance Corporation (RCAC), and Sierra Nevada Conservancy (SNC) are pleased to announce a new $17 million program that will provide loans to increase the use of low- and no-value wood from Tuolumne County forests and provide an alternative to pile burning of forest waste.