State Assistance for Enterprise, Business and Industrial Development Corp, better known as SAFE-BIDCO, is a United States non-depository lender set up by the California State Legislature for financing of small business loans in California. SAFE-BIDCO is based in Santa Rosa, California.
History
SAFE-BIDCO was established in 1981 to provide loans to small businesses for the purpose of manufacturing or purchasing alternative energy equipment.
In 1986 its mandate was expanded to include non-energy-related loans to minority owned small businesses or exporting companies.
In 1997, the organization expanded its mandate to serve State Loan Guarantees to Northern California. In 2011, SAFE-BIDCO was authorized to use state loan guarantee trust fund capital to help secure farm loans, guaranteed by the USDA.