California Capital Access Program (CalCAP) Electric Vehicle Charging Station (EVCS) Financing Program

Overview

The program's goal is to expand the the number of electric vehicle (EV) charging stations installed by small businesses in California. Millions of consumers in the state do not buy zero emission electric vehicles because of the average driving range of 80-100 miles and the lack of charging stations. This program provides incentives to small business owners and landlords to install EV charging stations for employees, clients and tenants. Loans in this program must be used for the design, development, purchase, and/or installation of electric vehicle charging stations at small business locations in California. Borrowers may be eligible to receive a rebate of 10-15% of the enrolled loan amount. Loans enrolled in the program may receive up to 100% coverage in case of defaults.Maximum loan...