SERBISYO
Contractor Accelerated Payment Program (CAPP)
CAPP provides working capital loans to San Francisco LBE contractors who are awarded City construction contracts as a prime or a subcontractor.
Ano ang dapat malaman
Loan amount and use:
- Funds control required
- $10,000 - $250,000 for City-sponsored construction projects
- Current rates are 4% interest for first time borrowers with a 1% fee
- Loans may be used to pay for materials, supplies, labor and leasing
Loan recipients also have access to:
- Training on preparing cash flow projections and budgets
- The City and County of San Francisco's Surety Bond program
- Technical assistance
Ano ang gagawin
Applicants must enroll and participate in the Contractor Development Program (CDP) before receiving a CAPP loan. Please contact Jennifer Elmore at jelmore@imwis.com to get started on accessing CDP services which include bonding assistance, technical support, and mentoring opportunities.
For any CAPP related questions contact the CAPP Administrator Peter Jablonski at peter.jablonski@sfgov.org.
Pagsuporta sa impormasyon
The Contractor Accelerated Payment Program (CAPP) was initiated in 2019 with $1MM in seed capital from the SF Community Investment Fund.
Mga ahensyang kasosyo
Ano ang dapat malaman
Loan amount and use:
- Funds control required
- $10,000 - $250,000 for City-sponsored construction projects
- Current rates are 4% interest for first time borrowers with a 1% fee
- Loans may be used to pay for materials, supplies, labor and leasing
Loan recipients also have access to:
- Training on preparing cash flow projections and budgets
- The City and County of San Francisco's Surety Bond program
- Technical assistance
Ano ang gagawin
Applicants must enroll and participate in the Contractor Development Program (CDP) before receiving a CAPP loan. Please contact Jennifer Elmore at jelmore@imwis.com to get started on accessing CDP services which include bonding assistance, technical support, and mentoring opportunities.
For any CAPP related questions contact the CAPP Administrator Peter Jablonski at peter.jablonski@sfgov.org.
Pagsuporta sa impormasyon
The Contractor Accelerated Payment Program (CAPP) was initiated in 2019 with $1MM in seed capital from the SF Community Investment Fund.