In 2020, National Asian American Coalition and National Diversity Coalition became part of the California Rebuilding Fund, a public-private partnership with funding from private, philanthropic, and public sector – including commitment from iBank to address the capital and advisory needs of California. It is designed to assist California’s smallest business owners who need a simple low-cost loan to adapt to the impacts of Covid-19. NAAC is one of the certified Community Development Financial Institutions who will help facilitate small business loan applications granted by the California Rebuilding Fund. We have processed over 500 micro to small business loan applications from $5,000 to $100,000 to assist restaurant owners and caterers, hair and nail technicians, daycare providers, healthcare and elderly care providers and dentists, to name a few.