Capital Programs & Climate Financing Authority Chooses MStreetX’s Capital Access Application Tool (CAAT) to Modernize the Capital Access Program

FOR IMMEDIATE RELEASE

February 3, 2026

SACRAMENTO, Calif. – The Capital Programs & Climate Financing Authority (CPCFA), within the California State Treasurer’s Office, contracted with MStreetX, Inc., (MStreetX) to modernize the administration of the California Capital Access Program (CalCAP). Through CalCAP, CPCFA administers credit enhancement programs which incentivize capital investment in small businesses and non-profits reflecting state and federal policy goals. CalCAP was allocated over $500 million in funds to cover potential losses on small business loans to enhance small business lending as part of California’s State Small Business Credit Initiative (SSBCI) award in late 2022. 

“State leaders are being asked to deploy capital at scale while coordinating the lending institutions and technical assistance providers serving small businesses across increasingly complex systems,” said David Rixter, Founder and CEO of MStreetX. “This partnership with CPCFA reflects a shared commitment toward modern, platform-powered capital hubs that improve execution, transparency, and access—so capital programs can actually work the way communities and small businesses experience them.”

Under the contract approved on October 21, 2025, MStreetX will provide its financial technology software-as-a-service (SaaS) solution to support and streamline the full life cycle of CalCAP’s credit enhancement programs. The partnership will see the implementation of MStreetX’s Capital Access Application Tool (CAAT), a comprehensive cloud-based platform that will connect CPCFA, financial institutions, technical assistance providers and small businesses to facilitate loan enrollment. MStreetX will provide all services necessary to enroll, administer, and track the credit enhancement programs for the CalCAP loans which include loan participation, collateral support and loan loss reserves for the various CalCAP loan programs.

The CAAT will replace the CPCFA’s legacy Funding, Reporting, and Enrollment Database (FRED) system, which has been in use since 2010. The transition to MStreetX’s solution is designed to enhance data management and meet the rigorous reporting guidelines required by the U.S. Treasury for SSBCI. The platform will handle the extensive financial, demographic, and quarterly reporting required for federal compliance while providing a user-friendly interface for administering CalCAP’s various credit enhancement programs.

About MStreetX: MStreetX is a place-based fintech platform designed to accelerate small business growth and foster inclusive entrepreneurship. It uses artificial intelligence (AI) and predictive analytics to match a small business's risk profile with suitable and flexible capital sources, simplifying and accelerating the funding process.

About CPCFA: CPCFA, the Capital Programs & Climate Financing Authority, administers programs which encourage capital investment in projects advancing California's environmental, economic, and climate policy goals. CPCFA was established within the State Treasurer’s Office in 1972 and began operating March 7, 1973. Until January 1, 2026, CPCFA was known as California Pollution Control Financing Authority in reference to its original tax-exempt bond financing issued for industrial projects reducing air and water pollution.