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Financial Resources

In addition to the loan and grant programs offered through the City of Stockton, several other loan programs are available to businesses interested in locating within the city.  These programs include:


Property Assessed Clean Energy (PACE) Program

PACE financing for energy upgrades by FIGTREE.  FIGTREE is a San Diego-based clean energy finance company providing breakthrough Property Assessed Clean Energy (PACE) funding.  FIGTREE puts money-saving energy efficiency, renewable energy, and water conservation upgrades within reach of virtually any property owner.  FIGTREE's unique brand of PACE financing gives property owners the freedom to amortize payments for a period of up to 20 years via their property tax bills.  FIGTREE is the first company in the U.S. to successfully raise private capital for PACE projects via a multi-jurisdictional bond issue.


HERO Program

Available Fall 2014.. The California HERO Program provides Property Assessed Clean Energy (PACE) funding for homeowners to finance the purchase and installation of renewable energy, energy and water efficiency improvements, and electric-vehicle-charging infrastructure improvements to their property with no up-front costs.  Property owners repay the financing through an assessment on their property, collected on the property owner's tax bills at the same time and in the same manner as property taxes.  If the owner sells the property, the repayment obligation remains with the property and does not need to be paid off at the time of escrow closing.



The Statewide Community Infrastructure Program is an economic development tool that allows property owners to finance development impact fees and public capital improvements through low-cost, long-term, tax-exempt financing.  This program frees up capital for other purposes. Selected public capital improvements and the development impact fees to the City will be financed by the issuance of tax-exempt bonds by the California Statewide Communities Development Authority.


San Joaquin Revolving Loan Fund (RLF)

The $10 million San Joaquin County Revolving Loan Fund, administered by San Joaquin County Economic and Employment Development Department (EEDD), offers "gap" financing assistance to business owners or entrepreneurs in San Joaquin County.  The loans made through the RLF are for working capital, equipment, leasehold improvements, and purchase of land and buildings to be used by the business.


The RLF will take a subordinate position to conventional commercial lenders and SBA.  The RLF will also consider loans with limited collateral and will offer terms of debt repayment.  The RLF guidelines seek one job created or retained for each $20,000 of RLF dollars loaned.

  • RLF loan packaging fees are waived for Enterprise Zone businesses.
  • Businesses located within the Enterprise Zone receive a .5% interest rate reduction. Additional interest rate deductions are available if applicant is an export business or contracts to hire through the San Joaquin County Employment & Economic Development Department.
  • Loans available from $25,000 to $1,000,000.
  • Flexible repayment terms and no pre-payment penalties.


Small Business Administration

SBA 504 Loans

The Tracy/San Joaquin County Certified Development Corporation (CDC) is the authorized provider of SBA 504 financing in San Joaquin County.  The CDC will waive the deposit requirement for Enterprise Zone businesses.  With a 504 loan, you get long-term, fixed-rate financing at a reasonable interest rate.  And the best news is you typically contribute only 10%.  A 504 loan is for the purchase and use of long-term fixed assets such as land, building, and/or certain equipment.


Industrial Development Bonds (IDBs)

Small- and medium-size manufacturers may benefit from Industrial Development Bonds, a low-cost source of financing.  (Bond financing can be as low as 75% of prime).  In addition, the City and County will discount the packaging fee by 50%, resulting in a substantial up-front savings.  Enterprise Zone projects receive first priority. 


San Joaquin Delta College Small Business Development Center (SBDC)

Enterprise Zone businesses have free access to many of the services offered by the Small Business Development Center.  These services include business plan writing assistance, consulting, mystery shopper/dinner programs, access to an SBA library, workshops, classes, and more.


External Links

FIGTREE Energy Financing (PACE)

California HERO Program

Statewide Community Infrastructure Program

San Joaquin County Revolving Loan Fund (RLF)

San Joaquin County Employment and Economic Development Department

Small Business Administration (SBA)

Tracy/San Joaquin County Certified Development Corporation (CDC)

California Communities (IDBs)

San Joaquin Delta College Small Business Development Center (SBDC)

San Joaquin County Enterprise Zone

This City of Stockton web page last reviewed on --- 8/21/2014