Need help financing your business registration fee in California?

Get a 0% interest loan to register your business as a Limited Liability Company (LLC) and add liability protection.

  • GET $800 TO COVER THE LLC FILING FEE

  • MAKE LOW MONTHLY PAYMENTS

  • BUILD YOUR CREDIT HISTORY

  • ACCESS ONLINE FINANCIAL EDUCATION

  • AVAILABLE IN CALIFORNIA ONLY

How it works

Starting a business can be expensive. In order to complete the registration of your LLC, you’ll need to cover an $800 fee -- the California Minimum Franchise Tax. Our LLC Loan Program offers an easy-to-follow process and an affordable way to pay for this fee, add liability protection to your business, and build your credit.

Make sure that you are ready to submit your payment or start the registration process before applying for the LLC Loan. Check out Start Small Think Big and LCCR websites if you need help from a nonprofit attorney.

Apply online for an LLC Loan and complete the financial education courses. We’ll mail you a check made out to the California Franchise Tax Board within a week of your application being approved.

Mail your $800 check and your LLC Tax Voucher to the California Franchise Tax Board. Monthly payments will be debited from your checking account, and these payments will be reported to all three major credit bureaus!

"I grew up here, I’m earning a degree here—and I’m hoping to use it here. I’m so relieved. I have my paperwork ready and now with this check, I know I’ll meet the deadline."

Miguel, San Francisco, CA

The LLC Loan Program

STEP BY STEP

1. APPLY

  • Fill out an online application and submit supporting documentation

  • Take the online financial education courses

2. GETTING THE LOAN

  • Once your loan application is approved, you’ll receive an invitation to sign your loan documents

  • We’ll make the check out to the Franchise Tax Board and mail it to you

3. CHECK

  • Once you receive your check, mail it along with your LLC Tax Voucher to California’s Franchise Tax Board

  • Payments are reported to the three major credit bureaus - Equifax, TransUnion and Experian

Access additional resources 

Use MyMAF to learn how to kick-start your journey to self-employment. The app offers step by step guidance and resources to financially support yourself and your family through your business.

Explore self-employment options, such as independent contracting and the gig economy. Hear from a panel of self-employed individuals and access resources to jumpstart your entrepreneurial journey.

Becoming an Independent Contractor

Self-Employment Webinar 2

Learn how to become an independent contractor. We’ll dive into the steps to get started, what types of independent contracting make sense for you, and even legal considerations and taxes.

How to Form an LLC Business

Self-Employment Webinar 3

Learn about the benefits of forming an LLC business, including liability and privacy protection as well as tax advantages. Access resources, and hear case studies about when and why entrepreneurs form LLCs.

It's easier than you might think to plan for immigration emergencies. Hear from the Lawyers Committee for Civil Rights (SF LCCR), and learn about the concrete steps you can take to protect your business.

Download our free mobile app

This app helps you track your progress, view your loans, payment history, and details about your program. You’ll also get updates and reminders about your program through the app.

In the News

“Sometimes it can be hard to come up with $465,” says Gustavo Cerritos, 22, an immigrant being helped by Mission Asset Fund.”

“Nonprofits and government organizations have stepped in to help: Mission Asset Fund, a nonprofit in the San Francisco Bay Area, is covering Amzi’s application, along with that of 6,000 other Dreamers.”

“I just don’t want money to be an excuse for people not applying,” said Ceja, who is a DACA recipient himself.”

“These are families that want to give to society and help build this society. I’ve lived it—that’s my family.”

Lending Circles is a program provided by:

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