Article 2. Legislative Purposes of California Financial Code >> Division 15.5. >> Chapter 1. >> Article 2.
The purposes of this division are the following:
(a) To enhance the availability of financial assistance for small
business in California.
(b) To increase the cost effectiveness and efficiency of financial
assistance to small businesses provided by the state.
(c) To provide maximum utilization of available federal assistance
programs, including, but not limited to, the Small Business
Administration's loan guarantee program.
(d) To reduce duplication and overlap in the provisions of
financing assistance to small businesses through increased
coordination and direction of state assistance programs.
(e) To provide the maximum degree of leverage of the limited state
resources available to assist small business, consistent with sound
business practices and fiduciary responsibility.
(f) To increase the competitiveness of California's small
businesses in the world economy and the creation of jobs.