West Sacramento, Calif. — Wells Fargo Foundation granted $400,000 to Rural Community Assistance Corporation (RCAC) to fund tools and training, and to support housing counseling needed to assist renters and homeowners to stay in their homes.
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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).
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.
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.
Ceniarth LLC commits $3 million investment to bolster RCAC’s Paycheck Protection Program lending
West Sacramento, Calif. — Ceniarth LLC, a private foundation focused on funding market-based solutions that benefit underserved communities, committed an initial $3 million investment to Rural Community Assistance Corporation (RCAC) to bolster its ability to lend under the Paycheck Protection Program (PPP).