You have a unique opportunity to access significant funding designed specifically for water systems, particularly in Disadvantaged Communities. With up to $130 million available each year, this program can fund urgent repairs, compliance improvements, and long-term solutions for clean water access. This means your business can secure essential financial resources to elevate your projects without the typical financial strain.

Not only does the program offer grants and low-interest loans, but there’s also a possibility of loan forgiveness, providing you with flexible options that best suit your needs. These funds can help stabilize your operations and ensure the sustainability of your water systems. By participating, you position your business at the forefront of enhancing drinking water quality in your community, making a lasting impact on both public health and well-being.

Type of Financing
The program offers repayable, low-interest financing and loans. In some cases, there’s also the potential for partial or complete principal forgiveness. This means that if you meet certain conditions, part of the loan you take could be forgiven, reducing your repayment burden.

Repayment Terms and Eligible Expenses
The financing comes with affordable interest rates, though specific rates may vary based on the project and other factors. Generally, you can use the funds for expenses related to addressing short- and long-term drinking water needs. Eligible expenses might include repairing or upgrading water systems, providing interim solutions for water supply, and planning efforts for long-term solutions.

Restrictions and Fees
Funds cannot be used for personal expenses unrelated to drinking water systems. There may be some administrative fees associated with the application process, so it’s wise to ask about any costs upfront. Always confirm what applies to your specific situation to avoid surprises down the line.

• Location: The business must be located in California.
• Sector: The program is available to all sectors.
• Employees:
  • No minimum number of employees required.
  • No maximum number of employees required.
• Company Revenue:
  • No minimum revenue qualifications.
  • No maximum revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications

• No specific disqualifications mentioned.

The SAFER Program aims to support water systems, particularly those in Disadvantaged Communities (DACs), by providing vital funding for their drinking water needs. It has a remarkable budget of up to $130 million per year over ten years. This funding can be used for urgent repairs, compliance improvements, and planning for long-term solutions for clean water access. If your business is involved in water systems, this could mean access to significant financial resources for crucial projects.

The program offers various types of financial support, including grants, low-interest loans, and potentially some loan forgiveness. This flexibility allows you to choose the best option suited for your business needs without putting added strain on your finances. There is no payback requirement on free funds, which can add immediate relief and stability to your operations.

Participating in this program can position your business as a key player in improving water quality in your community. By securing this funding, you can address immediate water system issues and plan for the future. Your commitment to enhancing drinking water access is more than just a business move; it's a significant contribution to the health and well-being of your community.