Cal. FIN § 32600
This is the official text of Cal. FIN § 32600, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Official statutory text
(a) The finance officer shall not execute any loan that is not:
(1) Approved for guarantee by the Small Business Administration, under that agency’s prevailing standards for loans of similar type, purpose, amount, and duration that are in effect at the time the guarantee is approved by the agency.
(2) Approved for guarantee by another governmental loan guarantee authority, and the minimum amount of the guarantee is not less than 50 percent of the principal amount of the loan.
(3) Made pursuant to the corporation’s participation with the Small Business Administration as a small business investment company or local development company.
(4) Less than 16 percent of the total financing package arranged between the corporation and another lender or lenders on behalf of the applicant.
(b) This section does not apply to loans made pursuant to Section 32724.
(1) Approved for guarantee by the Small Business Administration, under that agency’s prevailing standards for loans of similar type, purpose, amount, and duration that are in effect at the time the guarantee is approved by the agency.
(2) Approved for guarantee by another governmental loan guarantee authority, and the minimum amount of the guarantee is not less than 50 percent of the principal amount of the loan.
(3) Made pursuant to the corporation’s participation with the Small Business Administration as a small business investment company or local development company.
(4) Less than 16 percent of the total financing package arranged between the corporation and another lender or lenders on behalf of the applicant.
(b) This section does not apply to loans made pursuant to Section 32724.
Status: in_force · Read it on the official government site
Need a lawyer in California?
Find a California lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.