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The Loan Loss Reserve Program will accept applications from Tuesday, March 12, 2024 through Tuesday, April 9, 2024
Applications for the Loan Loss Reserve Program will be accepted from Tuesday, March 12, 2024 at 12:01 a.m. Pacific Standard Time through Tuesday, April 9, 2024 at 4 p.m. Pacific Standard Time. If applicants cannot meet this deadline, contact Communications Division staff at broadband.loanloss@cpuc.ca.gov.

The Broadband Loan Loss Reserve Program is a $500 million fund that provides credit enhancement for bonds, loans, and letters of credit related to financing local broadband infrastructure development. The Loan Loss Reserve fund expands the ability of local governments, Tribes and non-profits to secure more favorable borrowing rates and terms for building publicly owned broadband projects.

Application guidance and webinar materials will post to the program website. In addition, prospective Loan Loss Reserve applicants can request a 30-minute consultation with Communications Division staff. Please send an email request to broadband.loanloss@cpuc.ca.gov.


The Loan Loss Reserve Application's current version is V.1. These application materials may be updated in response to feedback. Before submitting an application, please check the Loan Loss Reserve website for updates. Changes will be noted in the Application version control tab. 

Visit the Application Guidelines section of the Loan Loss Reserve Program Requirements and Guidelines (on pages 20 to 23) adopted by the Commission on November 2, 2023, and Decision (D.) 23-11-045 or email broadband.loanloss@cpuc.ca.gov for more information.

In order to submit a completed application, applicants shall submit a Loan Loss Application and other required documents to broadband.loanloss@cpuc.ca.gov via email or via Kiteworks Secure FTP to broadband.loanloss@cpuc.ca.gov for large files (such as emails with combined attachments larger than 10 megabytes).
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