The Capital Access Program (CAP) may be accessed via participating banks. Through the program, financial institutions are encouraged to make capital financing loans to small and new businesses that do not qualify under conventional lending policies.
CAP uses small amounts of public resources to generate private bank financing. Funding from a CAP can be used for many business purposes, including, but not limited to:
- start-up costs,
- working capital,
- business procurement,
- franchise fees,
- and the purchase, construction, renovation, or tenant improvements of an eligible place of business that is not for passive real estate investment purposes.