Section 32351 Of Article 6. Powers, Exclusions And Prohibitions From California Financial Code >> Division 15.5. >> Chapter 2. >> Article 6.

. The corporation shall not provide financing assistance to any business firm in this state unless such business firm meets the financial and eligibility criteria for the specific type of financial assistance to be provided by the corporation, including, where appropriate, prior application to a bank or other financial institution for a loan or other financial assistance.