2003 Insurance Inventory Railroad 
Buisness Facilities Contributed Content
APRIL 15, 2014
Inventory is exempt from property tax. The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. CalCAP is a form of loan portfolio insurance that provides up to 100% coverage on certain loan defaults. The minimum tax is $100.
Buisness Facilities Contributed Content
MARCH 21, 2014
Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds may be used to acquire equipment, make leasehold improvements, purchase recycled raw materials and inventory or acquire real property.
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