Recent News
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Friday, May 15, 2020Posted in: Press Release
RCAC’s Loan Fund receives $3 million investment from the David and Lucile Packard Foundation to support California small businesses
West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) received a $3 million mission investment from the David and Lucile Packard Foundation to support California borrowers during the ongoing COVID-19 crisis. RCAC will deploy the funds to California small businesses under the Paycheck Protection Program (PPP).
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Thursday, May 14, 2020Posted in: 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.
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Wednesday, May 13, 2020Posted in: Press Release, Small Business
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.
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